Hamilton Highlights Newsletter – November/December 2017
In the November/December 2017 edition of Hamilton Highlights…
- Hamilton Breaks $1 Billiob in Record Time
- McMaster Faculties Partner with Stanford on Digital Cities Program
- Ship it in Hamilton
- McMaster Named Canada’s Most Research-Intense University
- Exporting to the EU? Please join us on December 13th
- Happy Holidays
Hamilton Highlights Newsletter – October 2017
In the October 2017 edition of Hamilton Highlights…
- The Amazon Bid is in
- Stryker Canada Invests in Hamilton
- Synapse Life Sciences Competition
- Nix Wins Again
- Hire an Apprentice
- Hamilton Health Sciences receives honour for health quality and safety in Ontario
Don’t look now Toronto, but Hamilton just topped $1 billion in new construction in record time
Steeltown is booming as the affordable alternative to Toronto across the real estate spectrum.
Hamilton said Tuesday it reached $1 billion worth of construction in 2017, at the fastest pace in its history, as Steeltown continues to prove itself as an affordable alternative to Toronto across the real estate spectrum.
Hamilton says it hit $1,003,737,444 on Sept. 29 based on 6,606 building projects in the residential, institutional, commercial and industrial sectors. It was the seventh and sixth consecutive time over the past eight years the city has hit the billion dollar mark.
“This record-setting pace of development is further evidence of the continued boom that Hamilton is experiencing,” said Jason Thorne, general manager of planning and economic development with the City of Hamilton.
The $1 billion of activity through nine months of 2017 compares with $797,117,186 in 2016 for the same period of time and $844,597,780 in 2015.
Hamilton’s housing has been booming as people priced out of Toronto continue to look for affordable alternatives. Canada Mortgage and Housing Corp. has singled out Hamilton as one of five markets with strong evidence of overall problematic conditions.
The city has been impacted by Ontario’s 16-point plan to create affordable housing, including a 15 per cent tax non-resident speculation in the Greater Golden Horseshoe, an area that is home to nine million people and includes Hamilton.
The Canadian Real Estate Board reported in September that the average sale price of a home sold in the Hamilton-Burlington area was $580,195 over the first eight months of year, a 20 per cent increase over the same period a year earlier. By comparison, the average Toronto sale price was $846,379 over that same eight-month period, a 16 per cent increase from a year ago.
Canada Mortgage and Housing Corp. said that as of the end of August, 2017, Hamilton has had 1,852 new construction starts which is down from 1,926 a year earlier. There were 1,669 completions over the first eight months, which is up from 1,233 a year earlier. The average single detached home price that has been absorbed into the market climbed to $706,735 from $553,582.
City officials say the record level of construction is beyond just the housing sector and crosses into commercial activity.
“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 per cent 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,” said Glen Norton, director of economic development with the City of Hamilton.
Article courtesy of Garry Marr, Financial Post
Music Entrepreneurs: Build Your Own Brand
This free event is dedicated to helping young and emerging artists from Hamilton to build their brands and enhance their marketing skills.
Date: October 21, 2017
To attend this session register here.
Hamilton Highlights Newsletter – September 2017
In the September 2017 edition of Hamilton Highlights…
- Stryker Canada invests in Hamilton
- Doing Business with Government
- Five Innovative Startup Companies Win Big at LiON’S LAIR Competition
- Hamilton Wins Big
- Time to NOSH Again in Hamilton
Hamilton Brings Home Seven National and International Marketing Awards
For Immediate Release
September 20, 2017
Hamilton Brings Home Seven National and International Marketing Awards
HAMILTON, ON – The City of Hamilton’s Economic Development Office (EDO) won seven prestigious national and international marketing awards over the past two weeks. The office was celebrated for its foreign direct investment work as well as several marketing initiatives from both the International Economic Development Council (IEDC) and the Economic Developers Association of Canada (EDAC).
From website marketing, investment strategy to special event marketing, connectivity and business friendliness, the City of Hamilton covers it all.
“This recognition is proof once again that the team in Hamilton’s Economic Development Office is truly one of the best, not only in Canada, but also the world, as judged by these results,” said Mayor Fred Eisenberger.
At the International Economic Developers Council annual conference, Hamilton was honoured with four awards from fDi Magazine (a subsidiary of the Financial Times in London, England):
Category: Mid-sized cities (North America)
- Winner for best Foreign Direct Investment strategy
- A Top 10 City Overall
- A Top 10 City for Connectivity
- A Top 10 City for Business Friendliness
The office also won the following awards at the IEDC International Marketing Awards:
- Gold Award – Special Event – “Nosh”
- Bronze Award – General Purpose Website – www.investinhamilton.ca
The previous week, EDO won the top promotional video at the EDAC National Marketing Awards for “Ambition is in Our Blood.”
“Time and again, the team at Hamilton Economic Development are turning out fantastic work both from an investment side and promotional side, and I am proud to lead such a talented group,” said Glen Norton, Economic Development Director of the City of Hamilton.
As well, Norton was elected to the Board of the Directors for the Economic Developers Association of Canada and the Consider Canada Cities Alliance (comprised of 13 largest cities in Canada).
Hamilton’s Economic Development Office is the central point of contact for business assistance. Its services are geared to serve new start-up companies, corporate relocations, and the expansion and retention of existing business. Its mission is to serve as the catalyst for continued economic growth, job creation and revitalization in Hamilton.
The International Economic Development Council (IEDC) is a non-profit, non-partisan membership organization serving economic developers. With more than 5,000 members, IEDC is the largest organization of its kind.
The Economic Developers Association of Canada (EDAC) is Canada’s national organization of economic developers pursuing excellence in the field since 1968. The association offers its members professional development, networking opportunities and a comprehensive offering of resources, both on and offline.
The Consider Canada City Alliance (CCCA) unites 13 of Canada’s largest municipal regions to build a sustainable and globally competitive national economy built upon the collective strength of each member’s ecosystem. As an established network of Investment Promotion Agencies from coast to coast, the CCCA works with national and international networks of partners to make Canada the preferred location for foreign investment and trade.
Michael R. Marini MA, Cert. PR, APR, Ec.D.
City of Hamilton
Advisor to the Mayor, Communications and Media Relations
Office of Mayor Fred Eisenberger
City of Hamilton
City sells its technology centre to tenant firm
The city-owned Hamilton Technology Centre (HTC) has been sold to a private company called Clearcable, one of the centre’s tenants.
Hamilton Highlights Newsletter – August 2017
In the August 2017 edition of Hamilton Highlights…
- Strategic Innovation Fund: $1.26B in New Funding for Business Growth and Innovation
- Don’t Miss the Seventh Annual LiON’S LAIR Awards Gala!
- Competition to Select the Design for Hamilton’s Newest Waterfront Park
- Business Improvement Area (BIA) Happenings
Hamilton Highlights Newsletter – July 2017
In the July 2017 edition of Hamilton Highlights…
- Hamilton Health Sciences and IBM Launch Health Innovation Hub in Downtown Hamilton
- Advancing Water Technologies
- Immigrant Entrepreneurship in Focus
- 13 Teams Vie for Development Rights as the City RFQ process for Pier 8 Lands Closes
Hamilton Highlights Newsletter – June 2017
In the June 2017 edition of Hamilton Highlights…
- Hamilton Consulate in Toronto
- Office Space in Hamilton
- NOSH 2017
- CME SMART Green Fund
- Meet Ted Scott