The City of Hamilton hits historic $2 billion in building permit values, shattering all past records
The City of Hamilton has surpassed $2 billion worth of construction, making 2021 the first time the city has ever reached the $2 billion-dollar mark in construction value in one year. This milestone represents building projects in the residential, institutional, commercial, and industrial sectors.
- The $2-billion mark was reached on Monday, November 22, 2021, after staff issued new residential construction permits in Glanbrook.
- Total construction value up to and including October 2021 is comprised of 59% residential, 39% industrial/commercial/institutional, and 2% miscellaneous.
- Residential has increased 53.3% over the previous 3-year average for a total of $1,143,411,173.
- Industrial, commercial, institutional has increased by 86% over the previous 3-year average for a total of $746,840,407.
- 2021 marks the first time the city reached the $1 billion-dollar mark in the first half of the year (June 2021).
- The city has reached the $1 billion milestone eleven out of the past twelve years.
- The building industry supports Hamilton’s economic growth, provides employment opportunities, new housing, and places for businesses to thrive.
Reactions from within the City.
“Reaching this historic milestone of $2 billion worth of building permits within a single year, and doing so during a world-wide pandemic, not only demonstrates the growth, opportunity and overwhelming interest to invest and develop in Hamilton, it is a testament to our resiliency as a community as a whole. Hamilton has boundless opportunity, as well as creative hubs and historic structures and neighbourhoods. Thank you to our City staff for their tremendous work who, together with developers, builders, and business partners, are helping to create more jobs and prosperity for our community.”
– Mayor Fred Eisenberger
“Reaching $2 billion in building construction value in one year is not only a historic achievement, but also a clear indication of Hamilton’s ongoing success and economic recovery. I am extremely proud of all the City staff who have worked remotely throughout the COVID-19 pandemic in order to continue supporting development in the city. I also want to thank and acknowledge the development community, including the builders, planners, architects, engineers and tradespeople, for their perseverance and hard work throughout the pandemic to keep development moving in the city.”
– Jason Thorne, General Manager, Planning and Economic Development
“The historic milestone of reaching $2 billion in building construction value in one year is a clear indicator of the tremendous growth the development industry is experiencing in Hamilton, who along with the effort of municipal staff are working hard to make our city a better place to live, work and play in.”
– Ed VanderWindt, Chief Building Official, Director, Building Division