Promoting Halton Region to Toronto’s Real Estate Community

Halton Region Economic Development along with staff from the local municipal economic development offices of Burlington, Halton Hills, Milton and Oakville were once again invited to exhibit at REALTOR® QUEST Canada’s largest REALTOR® Trade Show and Conference May 29th and 30th, presented by the Toronto Real Estate Board.  We enjoyed the opportunity to speak to the real estate community about the exciting things happening in Halton.

If you are in the real estate industry, Halton Region offers many exciting residential and non-residential opportunities, services and resources.  Visit our webpages for information about our growing, dynamic communities and information about current and upcoming plans for commercial and residential real estate development in the Burlington, Halton Hills, Milton and Oakville or contact us directly at ecdev@halton.ca.  We’re here to help!

Save the Date!

Commercial and industrial real estate brokers and developers are invited to attend the Halton Real Estate Forum on Tuesday, Oct. 30 from 7:30 a.m. to 10:30 a.m. at Rattlesnake Point Golf club in Milton.  Guests will learn about Halton’s economic activity and performance, regional infrastructure projects and office and industrial development trends and opportunities.  Sign up here  to receive further information about the Real Estate Forum and to receive regular economic updates delivered to your inbox.

 

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Halton Celebrates National Economic Development Week!

EcDevWeek2018_logo (10)On May 7th, Halton Economic Development celebrated National Economic Development Week (May 7-12) with an Open House to engage, inform, and educate our colleagues about the programs and services we offer to help new and existing businesses flourish in Halton region. The event also provided an opportunity to showcase our successful clients and community partners who work with us to make Halton a place of opportunity and economic growth.

National Economic Development Week was created by the International Economic Development Council (IEDC) in 2016 in order to increase awareness of local programs that create jobs, advance career development opportunities and increase the quality of life.  Over the last two years, more than 450 campaigns have been created throughout the United States and Canada, creating excitement and interest through social media, videos, events, and more.

To learn more about the importance of economic development, and those who are on the front lines building sustainable, prosperous communities, check out this video or follow #EDW2018.

Halton Economic Development supports businesses of all sizes and stages by providing a range of entrepreneurship and investment services through our Economic Development team and our Small Business and Global Business Centres.  We’re honoured to celebrate the profession and professionals in communities across North America.

For more information about how we can support your business, please contact us.

Posted in Announcement, Economic Development, Global Business Centre, Halton Small Business Centre, Programs, Uncategorized | Tagged , , | Leave a comment

DataInsights – Q1 2018 Labour Force Rates

Statistics Canada’s Labour Force Survey findings indicate that the Halton labour force is in high demand and continues to outperform its neighbouring municipalities.

Halton Region’s unemployment during Q1 2018 was 4.2%, remaining lower than those witnessed in Q1 2017 (4.4%) and lower than the ten-year 2009-2018 average (5.2%).

Unemployment Rate Trend

Halton Region’s unemployment rate (4.2%) in Q1 2018 was substantially lower than Hamilton’s average (5.1%), the Provincial average (5.4%), the Greater Toronto Area (5.5%) and the National average (5.9%).

Unemployment Rate Comparisons

Halton’s labour participation rate in Q1 2018 was 66.3%.  In comparison, the Greater Toronto Area’s participation rate during Q1 2018 was 65.7% and the Provincial average was 63.9%.

Q1 Participation Rate Comparisons

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 and historical trends, visit halton.ca/datacentre.

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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.

Continue reading

Posted in Data Insights, Economic Development, Halton building permits, Halton commercial real estate, Halton economic performance, Halton industrial real estate, Halton labour market, Uncategorized | Tagged , , | Leave a comment

Halton is Helping Local Businesses Go Global

Chair Carr GBC LaunchOn February 28th, Halton Economic Development officially launched its new Global Business Centre (GBC).

The event featured the unveiling of the GBC and remarks from Regional Chair Gary Carr, which was followed by a reception and tour of the new space located at 1151 Bronte Rd. in Oakville.

The GBC is a new hub of free resources and support for local, small to medium sized businesses that are looking to export, scale up and take advantage of national and international market opportunities. Continue reading

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DataInsights – Halton’s 2017 Q4 Economic Performance

Q4 2017

Halton Region Economic Development issues a quarterly report that provides a snapshot of Halton’s economic performance with respect to development, labour force, and real estate markets. Sign-up here to receive the quarterly report delivered to your inbox.

Highlights from the 2017 Q4 Economic and Development Report:

Record-breaking construction activity

Halton achieved record-breaking levels of construction activity in 2017 for the second consecutive year, reaching $3.1 billion. During the final quarter of 2017, the total value of construction in Halton was $601 million, the highest fourth quarter level on record.

Several large-scale projects were initiated during the quarter which boosted overall construction value including:

  • The new Sherwood Community Centre and Library in Milton ($38 million).

Sherwood Communicty Centre

  • Construction of a new six-storey residential and commercial mixed use building in Burlington ($35 million).

Continue reading

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Wellness Programs in Halton Workplaces: Results from 2017 Business Conditions Survey

Social Services 4Each year, Halton Region sends out the Business Conditions Survey to businesses across the region. This annual survey provides insight into Halton’s business landscape and provides an understanding of the economic outlook for the upcoming year.

Workplace Wellness Programs in Halton

In the 2017 survey, businesses were asked if they had a workplace wellness program in place and 445 responded. A workplace wellness program was defined as: “programs that address health behaviours such as poor nutrition, physical inactivity, stress, obesity and smoking, and do not include legislated health and safety programs.”

What were the results?

Less than 1 in 4 businesses (22%) reported having a wellness program in place

  • Workplace wellness programs are more common in larger workplaces (i.e., 100+ employees)
  • There were no differences in the frequency of workplace wellness programs by municipality
  • More than 50 respondents requested to be contacted by the Halton Region Health Department to discuss our workplace wellness services

 What do the results mean?

There is an opportunity for many more Halton organizations to focus on workplace wellness and develop a program for their employees.

  • The opportunity is greatest among small and medium-sized businesses, as they were least likely to report having a wellness program in place.
  • Many workplaces were looking for support from the Working Well in Halton program to get started on building a wellness program for their staff.

 Working Well in Halton is here to help!

 The Halton Region Health Department’s Working Well in Halton program is here to help you build a healthy workplace! Book a free consultation with one of our staff members who can help walk you through the steps of setting up a wellness program at your workplace.

For more information about our resources and services, please contact Kirsten Sears at kirsten.sears@halton.ca; 905-825-6000 ext. 7499.

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