The City of Hamilton announced it has surpassed $1 billion worth of construction since the beginning of the year. June 17, 2022 now marks the earliest the City has reached the billion-dollar mark in construction value. This milestone represents 3761 building projects in the residential, institutional, commercial, and industrial sectors.

This is the second time the City has reached the billion-dollar mark in the first half of the year, thirteen days earlier than the previous record set in 2021. The City has consistently reached the $1 billion milestone for over ten years in a row.

“Surpassing $1 billion in construction value already this year, the earliest time on record, and coming after we achieved the historic milestone $2 billion worth of building permit value last year, is a strong indication that Hamilton’s economy is roaring ahead,” said Mayor Fred Eisenberger.

“Reaching the $1 billion so early in the year is a strong indication that the city has weathered the COVID-19 Pandemic and the development industry remains optimistic about Hamilton’s future,” said Alan Shaw, Chief Building Official, Director, Building Division. “Having hit this milestone for the last 10 years, it remains clear, that Hamilton is a provincial leader in construction activity and is a prosperous community where business and people come to grow and develop. This achievement is made possible through the dedication of the many developers, owners, and contractors who support Hamilton’s growth.”

After two years of remotely supporting building within the city, the Building Division re-opened to the public on April 25, 2022.  The ability to return to both in-person and electronic building permit services has been a positive change, providing more options for the public to apply for building permits.

See also  Lindsay to advise Ontario on subway upload

“This milestone is made possible by the collaboration, dedication and hard work of our city staff, development community, skilled trades, businesses and investors, and community stakeholders, each of whom are direct contributors to this achievement.”  said Jason Thorne, general manager, Planning and Economic Development.

Featured image: (City of Hamilton)

LEAVE A REPLY

Please enter your comment!
Please enter your name here