DataInsights – Halton’s Q4 2018 Economic Performance

Halton Region Economic Development’s quarterly newsletter reports on Halton’s economic performance with respect to development, labour force, and real estate markets. Download the report from the Invest Halton Resource Library and sign-up here to receive Economic Updates delivered to your inbox.

Highlights from the 2018 Q4 Economic and Development Activity Report:

The pace of development across Halton remained steady throughout 2018, as total building permit construction value landed within the $400-$500 million range per quarter.

Significant projects underway in the fourth quarter:

  • A new distribution warehouse by QuadReal at 20 Westbridge Drive in Halton Hills ($36 million)
  • A Hampton Inn and Suites Hotel at 1215 Appleby Line in Burlington ($15 million)
  • an office expansion at Elm Corporate Centre at 2800 High Point Drive in Milton ($13 million)

building_hero_crop_20-westbridge-drive (1)

Also, a ground breaking was held in Q4 2018 for DSV Canada’s future Canadian head office and state-of-the-art logistics complex. The 1.1 million square foot facility will be the largest of its kind in the DSV network worldwide.

Halton’s talented workforce is in demand

The region’s Q4 unemployment rate of 4.8% was slightly lower than the national (5.4%), provincial (5.3%) and overall Greater Toronto and Hamilton area (GTHA) (5.3%) figures.

We’re here to help.  Contact us for assistance in expanding your business in Halton Region, or for additional information on the Halton economy. For more detailed statistics, visit our Invest Halton Data Insights webpage.

 

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