DataInsights – 2017 Halton Region Economic Review

LPS-1810161_Halton Economic Review_2018_Page_01Just released!  The 2017 Halton Region Economic Review provides a comprehensive overview of Halton’s economy and real estate development during the past year, along with highlighting Halton-related business news, employment lands servicing progress and Halton’s competitiveness within the Greater Golden Horseshoe Area.  Here are some highlights of the Review:

  • The total value of building construction reached nearly $3.1 billion – breaking last year’s record high of $2.1 billion in building permits and representing a 42 per cent increase year over year.
  • Commercial building construction across Halton reached its second highest recorded levels in 2017. The total value of new commercial construction in 2017 reached $467.8 million.
  • Halton reached full employment with a 4 per cent unemployment rate – well below the provincial average of 6 per cent. Halton’s labour force is in-demand by top employers with 75 per cent of residents having attained a post-secondary education – these are among the highest levels in Canada.
  • Business confidence within the region remained strong in 2017. Four out of five businesses are optimistic about the future and expect economic conditions to remain stable or improve and one third of businesses intend to hire additional staff in the next 12 months.

Also in 2017, Halton was pleased to have collaborated with Toronto Global, Halton’s Local Municipalities and the municipalities of Toronto, Mississauga, Brampton, Durham and York, to submit a bid for Amazon’s second headquarters. With three preferred sites right here in Halton, the Toronto the Toronto Region bid has been shortlisted by Amazon.  Read the 2017 Economic Review for a list of other national and international companies that have also taken notice and are looking at Halton as a place to invest.

For more details on why companies choose Halton to relocate, establish or expand a business, visit www.halton.ca/whyhalton.

 WE’RE HERE TO HELP!  

Contact us for assistance in expanding your business in Halton Region, or for additional information on the Halton economy.  Explore our Resource Library to view a variety of reports, publications and videos.  For more detailed statistics and historical trends, visit our Data Centre.

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This entry was posted in Data Insights, Economic Development, Halton building permits, Halton commercial real estate, Halton economic performance, Halton industrial real estate, Halton labour market, Uncategorized and tagged , , . Bookmark the permalink.

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