Hamilton is celebrating its biggest construction year in the city’s history.
“On Sept. 11, 2018, the City of Hamilton has, for the very first time, hit the billion dollar mark as early as September,” said Hamilton chief building official Ed VanderWindt.
“We have also almost reached our all-time 12-month record of construction value of $1,499,627,394 set by year’s end 2012.”
According to Glen Norton, City of Hamilton director of economic development, this represents the largest increase by percentage in the ICI (industrial, commercial, institutional) sector, which is up by 40 per cent or $100 million over the previous three-year average.
Residential continues to be the largest sector by $699 million for the year-to-date, which is 14.7 per cent or $90 million over the previous three-year average.
“Basically, the city is firing on all cylinders,” said Norton.
According to the Monthly Permit Report from the city’s Planning and Economic Development Department’s Building Division, there was a total of $1.06 billion in building in the first nine months of 2018 compared to $975.6 million over the same period last year.
For the month of September, the largest non-residential projects are the $4.2 million and $1.68 million for McMaster University; $4 million for the City of Hamilton Woodward Wastewater Plant; $2 million for a greenhouse on Safari Road; $1.95 million for the public school board; and $850,000 for a renovation of St. Joseph’s Health Care.
Other recent major projects are a $47 million apartment complex at 20 George St., $26 million for Hamilton Health Sciences at 711 Concession St. and $11 million for an elementary school on Lincoln Road in Stoney Creek.
Notable numbers include:
In the 12-month period ending September 2018, 8,350 building permits were issued, up from 8,301 from the same period in 2017.
Compared to the average of the last three-years of $0.87 billion, construction activity in the first nine-months of 2018 was up by 21 per cent.
In a summary of Hamilton construction from January to September for the indicated years, the totals are as follows:
- 2018 — $1.06 billion
- 2017 — $0.98 billion
- 2016 — $0.80 billion
Commenting on the numbers to date VanderWindt said, “This milestone is a testament of how much our residents, businesses and the communities are invested in Hamilton. Further, it speaks to the outstanding work of our council and municipal staff in supporting the work of creating a healthy, safe and prosperous community.”