July 13 2021
HAMILTON, ON – The City of Hamilton has officially surpassed $1 billion worth of construction since the beginning of the year, making June 2021 the earliest the City has reached the billion-dollar mark in construction value. This milestone represents building projects in the residential, institutional, commercial, and industrial sectors.
2021 marks the first time the City has reached the billion-dollar mark in the first half of the year. Previously, the earliest this milestone was reached was August 2019. The City has now reached the $1 billion milestone eleven out of the past twelve years.
City staff have continued to work remotely throughout the COVID-19 pandemic to provide alternative service delivery options in order to continue supporting building within the city. The construction and development industry is key to Hamilton’s ongoing success and economic recovery. The building industry supports Hamilton’s economic growth, provides employment opportunities, new housing, and places for businesses to thrive.
- Total construction value to up and including June 2021, is comprised of 65.6% residential, 32% industrial/commercial/institutional, and 2.4% miscellaneous.
- Residential has increased 55.7% over the previous 3-year average for a total of $725 million.
- Industrial, commercial, institutional has increased by 74% over the previous 3-year average for a total of $359 million.
“Reaching the milestone of $1 billion worth of building permits issued so far in 2021 through the continued global pandemic is a significant achievement that speaks of the continued momentum in Hamilton. I am proud of our City staff and their dedication as they continue to work with developers, builders, and our business partners to create more jobs for our community. By continuing to adapt to current challenges and work together, we will continue to build momentum and emerge from this pandemic a more resilient Hamilton than ever before."
Mayor Fred Eisenberger
“Reaching the $1 billion mark in construction value earlier than we ever have before shows the dedication of City staff as they continue to work remotely during the COVID-19 pandemic. This success has helped with Hamilton’s economic growth as it directly contributes to providing employment opportunities and new housing in the city. Thank you to our development community for your perseverance through the pandemic, your efforts are celebrated through reaching this milestone."
Jason Thorne, General Manager, Planning and Economic Development
“Through reaching the $1 billion milestone eleven out of the past twelve years is a clear indicator of growth the construction industry has seen in Hamilton, and the staff who work to make our city a better place. 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 despite the new challenges the pandemic has created.”
Ed VanderWindt, Chief Building Official, Director, Building Division