Ontario Construction News staff writer
The City of Hamilton has surpassed $1 billion worth of construction since the beginning of the year – the earliest date ever for to reach the milestone value. It represents 3,761 building projects in residential, institutional, commercial and industrial sectors.
This is the second time the city has reached the billion-dollar mark in the first half of the year and happened thirteen days earlier than the previous record set in 2021.
Total construction value up to and including June 2022 is comprised of 72.7 per cent residential, 25.7 per cent industrial/commercial/institutional, and 1.6 per cent miscellaneous – including signs, demolitions, fire repair, tents, sewage systems, protective plumbing.
Residential construction has increased 31.1 per cent over the previous 3-year average for a total of $749 million.
Industrial, commercial, institutional has remained consistent with the previous three-year average for a total of $265 million. Within that average, the institutional sector has increased 130.3 per cent over the previous 3-year average, surpassing $92 million in construction value.
“Having hit this milestone for the last 10 years, it remains clear, that Hamilton is a provincial leader in construction activity,” said Alan Shaw, Hamilton’s chief building official.
“This achievement is made possible through the dedication of the many developers, owners, and contractors who support Hamilton’s growth. I am thankful for our city staff who continue to help Hamilton build as we exit the pandemic.”
After two years of remotely supporting building within the city, the Building Division re-opened to the public on April 25, 2022. The ability to return to both in-person and electronic building permit services has been a positive change, providing more options for the public to apply for building permits.
“Surpassing $1 billion in construction value already this year, the earliest time on record, and coming after we achieved the historic milestone $2 billion worth of building permit value last year, is a strong indication that Hamilton’s economy is roaring ahead. It means jobs are being created and our community is being transformed like never before,” said Mayor Fred Eisenberger.
The $1 billion milestone is an indicator of the success of the construction industry in Hamilton, which in turn supports Hamilton’s economic growth, provides employment opportunities, new housing, and places for businesses to thrive.
“This milestone is made possible by the collaboration, dedication and hard work of our city staff, development community, skilled trades, businesses and investors, and community stakeholders, each of whom are direct contributors to this achievement,” said Jason Thorne, general manager, planning and economic development.