Are You Wondering About All The Construction Activity In Halton....

Well just as suspected things have slowed down a bit in the ladder part of 2013, with respect to construction activity. Could it be the weather?

But reading in to the details it looks like Oakville seems to be the hot bed for building permit compared to the many years Milton owned this right, while Burlington and Halton Hills keep trucking along at the same pace.

So what's in the numbers have a read below....

Construction Activity

Halton's total value of new construction and expansions fell 46 percent during the 3rd quarter of 2013 from the same period in 2012, dropping to just over $440.9 million in building permit value. The decrease is attributable to significant declines in institutional investments during the period ($375.4 million to $206.9 million), residential construction ($295.9 million to $155.1 million) and commercial investments ($99.6 million to $43.9 million). Meanwhile, investments in industrial construction rose from the 3rd quarter of 2012 to 2013 by 32 percent, from $12.1 million to $16.0 million.

Contributing to the growth in industrial construction activity were permits issued for two industrial warehouses in Halton Hills: a 225,765 square foot distribution warehouse (Building C) at the Gateway Business Park ($7.5 million) and an expansion at 30 Armstrong Avenue by IAD Capital ($1.9 million), renovations at Gordon Food Service in Milton ($1.35 million), and an expansion at Zook Canada's industrial manufacturing facility in Burlington ($1.3 million).

Commercial office developments initiated during the quarter include an office building retrofit in the Great Lakes Business Park in Oakville ($1.5 million). Remaining commercial developments were primarily retail and included a new Lexus car dealership in Oakville ($7 million) and an expansion to Georgetown Volkswagen in Halton Hills ($3 million).

The largest building permit issued during the quarter was for the new Oakville Hospital, totalling $168.2 million. Other significant investments made in the institutional sector included: an addition and renovation at Mountainside Recreation Centre in Burlington ($10 million), a new elementary school on Savoline Blvd. in Milton ($10 million), and an addition to Forest Trail Public School in Oakville ($3 million).

A total of 1,687 building permits were issued in Halton during the 3rd quarter, representing a decrease of 32 percent from the same period in 2012. Residential permits accounted for 39 percent of all building permits issued, while 19 percent of permits issued were attributable to non-residential developments.

Source: Local Municipal building departments Information provided by Halton Region, Business Development https://www.halton.ca/doing_business_in_halton

 

Tags