Local Economy & Economic Development

The City of Hamilton’s Economic Development mandate is to retain and create living-wage jobs, increase the non-residential tax base, and increase Hamilton’s attractiveness as “the best place to raise a child and age successfully”.

Ranked as Canada’s most diversified economy, Hamilton sits in the middle of the most densely populated stretch of economic activity in Canada. Widely recognized as a manufacturing giant for over a century, Hamilton is also gaining greater international attention for its life sciences research and is in one of the three largest food and beverage processing areas in North America.

Hamilton is one of Canada’s top ten cities in terms of the size of its economy and population, with thousands of public and private organizations employing hundreds of thousands of people. Hamilton based enterprises are creating and delivering goods and services globally, conducting research and development in partnership with our globally recognized academic and research institutions, and contributing to the overall economic prosperity of all Hamiltonians.

We align with the City's Strategic Priorities:

Economic Prosperity & Growth

The Economic Development Office is a facilitator for greater investment in the community. Through its role as a bridge between the investment community and various City departments, the Economic Development Office places great emphasis on business expansion and retention efforts and foreign direct investment opportunities. 

To do this, the Economic Development Office works closely with community partners, academic institutions and business associations to ensure that Economic Development services reflect strong networks and relevant and timely information in order to advance investment opportunities.

Unemployment Rate

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4.6% December

The percentage of individuals in the labour force who are actively looking for work as reported by Statistics Canada.

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Real Estate

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The annual number of residential dwellings (detached, semi-detached and condominiums) sold in Hamilton reported by the REALTORS Association of Hamilton-Burlington.

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The annual number of new residential dwellings that started construction reported by the Canadian Mortgage and Housing Corporation.

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Building Permits by Type

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$803M Residential

Provides a high level overview of investment occurring in the city.

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Employment by Sector

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87k Healthcare & Education jobs

A representation of the number of employees by sector as reported by Statistics Canada.

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Business Count by Size

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37 businesses with 500+ employees

A representation of the number of businesses categorized by their employee counts as reported by Statistics Canada. 

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Economic Diversification

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A measure of a city’s Economic Diversification defined and calculated by the Conference Board of Canada, with 1 representing the highest degree of Economic Diversification. 

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