Source: AMANDA System – Planning & Economic Development Department
While the total estimated annual building permit figures provide a great high-level overview, visibility into how each major building permit category contributes into the totals provides insights into how these developments might affect employment, economic activity and assessment revenues in the future.
Story behind the numbers
Residential building permits consistently represent the largest percentage of the annual estimated building permit values in Hamilton, driven by the large demand for residential real estate.
There has been a noted decline in the annual estimated values of industrial and commercial building permits, associated in part to a shortage of shovel ready industrial zoned land and an adequate supply of commercial real estate. The City of Hamilton’s recently approved 2016-2020 Economic Development Action Plan has placed a focus on stimulating growth in these two types of developments.
Large government or institutional projects can have a large impact over the short term, as seen in 2012, where the estimated Government/Institutional building permit values of over $400 million (which is more than four times the average compared to the following years) significantly contributed to a record year for estimated building permit values.
The results assist in determining the appropriate level of resources required to ensure the Building Division is able to meet the timelines legislated in the Ontario Building Code. High volumes affect efficiency in both design approval and field inspection services. The metric can specifically identify which Building Division service area requires additional focus and attention.
Annual Estimated Building Permit Values
|Permit Type||2012 ($)||2013 ($)||2014 ($)||2015 ($)||2016 ($)||2017 ($)|
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