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October 3 2017
Hamilton, ON - October 3, 2017 - The City of Hamilton’s Chief Building Official, Ed VanderWindt, announced today that the city has officially surpassed $1 billion dollars’ worth of construction for 2017 - $1,003,737,444 as of September 29, 2017.
The $1 billion target represents 6,606 building projects in the residential, institutional, commercial and industrial sectors. The target was achieved in only nine months.
"This record-setting pace of development is further evidence of the continued boom that Hamilton is experiencing. And it has been made possible thanks to the investment and dedication of our builders, employers, entrepreneurs and small businesses across the City, and with the support and hard work of many City staff." - Jason Thorne, General Manager, Planning and Economic Development, City of Hamilton
This marks the seventh and sixth consecutive time over the last eight years where the City has hit the billion dollar mark. It is also one of the leading Ontario cities to do so this year. It also marks the earliest point in a year that the City hit this significant milestone.
Comparative figures as of end-of-month (September):
For more information on the City of Hamilton’s building permit activity and view month-by-month reports, visit our website.
"What stands out in 2017 is a positive trend with regards to the industrial and commercial sectors. For example, Hamilton is seeing an over 200% increase in industrial construction value growth compared to the three-year average. This is a significant move in the right direction towards more of the overall city budget coming from the non-residential taxpayer." - Glen Norton, Director, Economic Development, City of Hamilton