Economic Update & Market Overview

BREB Economic Update for Real Estate Professionals

September 26, 2016 prepared by the Brampton Economic Development Office

• Economic Development Office Services

• Economic And Market Overview

• Established Companies

• Population and Employment

• Brampton Economic Indicators

• Brampton - Construction Value Rankings

• Brampton’s Employment Base

• Construction Activity: Industrial Development

• Construction Activity: Commercial Development

• Construction Activity: Institutional Development

• Construction Activity: Residential Development

• Economic Development Office: Stories of Note

• Open Data Catalogue

• Economic Development Stories

• Social Media

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Table of Contents

City of Brampton

economy has been

performing very well

Canada’s 9th largest City

in population

3rd largest City in the

Greater Toronto Area

(City of Toronto,

Mississauga)

Forecast for continued

economic growth to 2041

Supply of employment

land will play an

important role in

accommodating future

growth

Economic base

continues to transform;

knowledge employment

is growing

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Economic Development Office Services Mission Statement Strengthen Brampton’s outstanding quality of life by encouraging economic growth, innovation and entrepreneurship that enhance the City’s brand

and residents’ lifestyles.

Services for Business Market

Information

• Market Reports

• Local Economic Indicators

• Socio-economic Reports

• Demographic Statistics

• Business Establishment Inventory

• Industry Sector Reports & Profiles

• Labour Force and Occupation Data

• Salary and Benefits Information

• Training Programs & Providers serving

Brampton

Location Services

• Corporate Relocation Services

• Community Information for Employees (Health care, education, daycare, shopping)

• ICI Site Selection Services

• ICI Real Estate Inventory and Costs

• ICI Construction Statistics

• Film and TV Location & Permitting

• Municipal and Utility Services and Costs

• Familiarity Tours of Brampton

• Introduction/Liaison with Municipal Depts

Micro and SME Advisory Services

• Guidance on Permits, Licences, other

requirements

• One-on-one Launch and Growth

Counselling

• Business Planning Assistance

• Summer Company Program for Youth

• Start-up and Micro Business Seminars,

Workshops, Professional Development

Events

• Access to Research Innovation and

Commercialization Experts and Programs

Financial Assistance

• Liaison with Federal,

Provincial and Municipal

Incentives and

other Programs

• Access to government

programs for business

• Promote and Facilitate

City of Brampton

Incentives for Brampton

Businesses

Business Expansion Opportunities

• Networking events to bring businesses

together

• Facilitate Strategic Alliances (Match local

opportunities with domestic/global needs)

• Recognize, Showcase & Promote Brampton

Products, Services, Best Practices

• Promote business celebrations, such as

grand openings, anniversaries

• Connect business networks with social

media

Facilitation Services

• Key point of contact for

businesses at Brampton

City Hall

• Support businesses on

policy Issues that affect

local competitiveness

The City of Brampton’s

Economic Development

Office was developed

as a “one-stop shop” for

business development

information and helps

businesses build,

expand, develop, and

start up faster and more

efficiently.

We are here to support

existing Brampton

businesses in their

quest for success, as

well as to encourage

new businesses to set

up and soar in the

thriving business

environment our city

has to offer.

AND……EVERYTHING IN

BETWEEN

For further information go to:

www.peoplepoweredeconomy.ca

• Highly competitive and successful economic location

• Concentration of infrastructure generates demand

• Economic advantages of proximity to transportation

gateways and corridors: Pearson International Airport,

400 series highways, land ports (CN/CP), transit

• Labour force is young, growing, intelligent,

multicultural

• Higher education - Home to internationally

recognized Sheridan College Centre of Advanced

Mfg and Design Technology and Algoma University’s

BBA Program

• Industrial sector diversity - creates stability

• Outstanding Community Services – Modern Health

Care System (Osler), Police, Fire, Ambulance, Social

Services, Parks, Sports, Recreation, Arts and Culture

• Excellent local business support services, networks

and resources (BBOT; City of Brampton; Region of

Peel)

The City economy contributes $33 billion per year to

the GDP, or approximately 10% of the GTA

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Economic Overview

Brampton – Established Companies

4

Population and Employment – Brampton

Employment in Brampton is expected to have growth of over

Population in Brampton is expected to have growth of over

40% over the next 25

years

50% over the next 25

years

Source: Preliminary forecasts prepared for the City of Brampton by Hemson Consulting Ltd.

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207,350

244,030

268,460

292,430 307,110

321,960

614,300

686,800

760,700

836,800 863,800

888,600

0

50,000

100,000

150,000

200,000

250,000

300,000

350,000

400,000

450,000

0

100,000

200,000

300,000

400,000

500,000

600,000

700,000

800,000

900,000

1,000,000

2016 2021 2026 2031 2036 2041

Employment Population

Growth Rate 2011 – 2041

184% 2011: 76,551 2021: 145,669 2031: 201,340 2041: 217,646

Growth Rate 2011 – 2041

139% 2011: 40,209 2021: 65,949 2031: 90,198 2041: 96,234

Growth Rate 2011 – 2041

128% 2011: 104,136 2021: 127,283 2031: 147,532 2041: 154,603

Growth Rate 2011 – 2041

304% 2011: 13,156 2021: 32,167 2031: 49,903 2041: 53,134

Growth Rate 2011 – 2041

114% 2011: 32,390 2021: 39,545 2031: 53,777 2041: 69,216

Population and Employment – Brampton

Source: Preliminary forecasts prepared for the City of Brampton by Hemson Consulting Ltd.

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69% Population

Growth 2011 – 2041 Brampton

BRAMPTON 2021: 686,800 2026: 760,700 2031: 836,800 2036: 863,800 2041: 888,600

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Brampton – Economic Indicators

16.3% Increase in

RESALE ACTIVITY across all

housing types

By August 2016, Brampton Economic Development Office recorded 128 new businesses (on par with last year)

and 710 new jobs (17.4 per cent increase from 2015).

The unemployment rate decreased to 8.4 per cent (from 8.5 per cent in 2015).

Average house price is up 17.7 per cent compared to last year. Housing resale activity is up 16.3 per cent.

Sources 1. City of Brampton Economic Development Office 2. Statistics Canada, Labour Force Survey, custom tabulation S0516_15_LFS.ivt 3. City of Brampton Building Division, August 2016 4. Monthly MarketWatch (Toronto Real Estate Board) August 2016 5. GTA Q2 2016/2015 Industrial Statistics - (Colliers International) **Unadjusted 3 months moving average Complied by the Brampton Economic Development Office

Brampton Indicators YTD August 2016 YTD August 2015

Variance

(16/15)

Total New Employment1 710 605 17.4%

Total New Business1 128 139 -7.9%

Unemployment Rate % (Region of Peel)2** 8.4 8.5 -0.1

Total Construction Value3 $1,227,631,279 $1,934,450,751 -36.5%

Residential Construction Value3 $957,780,883 $1,549,191,429 -38.2%

Industrial Construction Value3 $144,672,136 $155,709,185 -7.1%

Commercial Construction Value3 $64,179,947 $58,526,729 9.7%

Institutional Construction Value3 $58,535,581 $167,172,188 -65.0%

Housing Resale Activity4 7,893 6,787 16.3%

Average House Price4 $574,400 $487,822 17.7%

Housing Permits (units)3 2,384 3,793 -37.1%

Industrial Vacancy Rate % (Q2-2016/2015)5 2.6 4.6 -2.0

710 New Employees

(Jan –Aug)

128 New Businesses

(Jan –Aug)

Source: Statistics Canada, Catalogue no. 64-001-XWF, June 2015-2016 Compiled by the Brampton Economic Development Office

NATIONAL RANKINGS

TORONTO CMA RANKINGS

Brampton - Construction Value Rankings (Mid Year 2016)

TOTAL

CONSTRUCTION INDUSTRIAL COMMERCIAL INSTITUTIONAL RESIDENTIAL

NON-

RESIDENTIAL

8th (6th Mid-Year

2015)

3rd (2nd Mid-Year

2015)

23nd (22st Mid-Year

2015)

17th (10th Mid-Year

2015)

14th (11th Mid-Year

2015)

5th (4th Mid-Year

2015)

2nd (2nd Mid-Year

2015)

2nd (2nd Mid-Year

2015)

6th (5th Mid-Year

2015)

4th (2nd Mid-Year

2015)

5th (3rd Mid-Year

2015)

2nd (2nd Mid-Year

2015)

As of June 2016, the City of Brampton issued building permits

valued at $0.9 billion, an decrease of 25.2 per cent from 2015.

The total value of building permits rose 114.8 per cent from Q1

to Q2. The increase was attributed to increased construction

activity in residential and commercial .

Brampton’s industrial construction

value from January to June 2016

was worth over $69 million, a

decrease of 26.0 per cent from the

same period 2015.

Brampton ranks 3rd nationally in

2016 in the industrial category.

8th (8th Mid-Year

2015)

2nd (2ND Mid-Year

2015)

RESIDENTIAL

UNITS

1,921 UNITS

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Brampton’s Employment Base

153,335 Employment

94% firms have

less than 50 Employees

17.28 Employees

per Business

Services-producing Industries

Goods-producing Industries

6%

19%

75%

CONTRACT

PART-TIME

FULL-TIME

Total Employment

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As of September 2016, total employment was 153,335, of which 115,208 were full-time, 28,542 were part-time and 9,587 were contract-based. In 2016, the average number of employees per business establishment was 17.28, compared to 17.08 in 2015. The three largest private sector employers in Brampton were Rogers Communications Inc., FCA Canada Inc. and Loblaw Companies Ltd.

Complied by the Brampton Economic Development Office

73%

27% Goods-producing Industries

Services-producing Industries

The services-producing industry in Brampton employed 111,444 individuals or 73 per cent of total employment, while 39,610 or 27 per cent were employed in the goods-producing industry. Service industries represent a significant component of Brampton’s economic base. Retail, wholesale trade, transportation and warehousing are major employers in Brampton’s growing service economy.

Major Economic Sectors Advanced Manufacturing

Business Services Creative Economy Food and Beverage

Information and Communication Technology

Human Health Sciences Retail Administration and

Logistics

Construction Activity: Industrial Development

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Significant Industrial Projects

Brampton had 18 new industrial projects commence construction as of 2016 (YTD August), adding close to 2.3 million square feet of industrial floor space.

55 54

65

55

20

32 28

49

31

42

20 18

0

10

20

30

40

50

60

70

0

1,000,000

2,000,000

3,000,000

4,000,000

5,000,000

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 YTD AUG2016

New Industrial Building Sq.Ft. Industrial Building Expansion Sq.Ft. Number of Projects

1.3 Million Square

Feet per year average

Source: 2005 – 2016 Building Permit s– City of Brampton; Complied by the Brampton Economic Development Office

Applicant Location Construction Value Square Feet User

Old Navy (Canada) Inc 9500 McLaughlin Road N $20,000,000 333,272 Gap Canada

Anatolia Capital Corp 9 West Drive $16,000,000 453,967 Logistics Company

Great-West Life Assurance & London Life

Insurance Company 3495 Steeles Avenue E $13,361,085 159,797 Logistics Company

Chiefton Investments Limited

7825 Winston Churchill

Boulevard $35,345,700 422,720 Logistics Company

Airport Road (STG) Portfolio Inc 15 Production Road $17,976,702 214,996 Solutions 2 Go (Video Games)

Construction Activity: Commercial Development

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Significant Commercial Projects

Brampton had 13 new commercial projects commence construction as of 2016 (YTD August), adding over 150 thousand square feet of commercial floor space.

720 Thousand Square

Feet per year average

Source: 2005 – 2016 Building Permit s– City of Brampton; Complied by the Brampton Economic Development Office

19

36

20

28

35

15

20

12 11 11

23

13

0

5

10

15

20

25

30

35

40

0

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

1,600,000

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 YTD AUG2016

New Commerical Building Sq.Ft. Commerical Building Expansion Sq.Ft. Number of Projects

Applicant Location Construction Value Square Feet User

Polco Investments Limited 2250 Queen Street E $7,000,000 60,242 Acura 2000

Brampton Town Centre Ltd / 1552262 Ontario Inc

20 Maritime Ontario

Boulevard $5,500,000 47,984 Multiple tenants

HJMT Holdings Inc 15 Fandor Way $3,205,200 28,750 Multiple tenants

Bramgate Properties Inc 25 Coachworks Crescent $7,000,000 62,710 Audi Brampton

McVean Plaza Inc 9985 McVean Drive $2,611,328 17,568 Multiple tenants

Construction Activity: Institutional Development

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Significant Institutional Permits List

Brampton had 7 institutional projects by August 2016, totaling over 200,000 square feet of floor space.

Applicant Location Construction Value Square Feet Use

Sheridan College Institute of Technology and

Advanced Learning 7899 McLaughlin Road $41,386,763 131,234

Sheridan College (Davis Applied

Engineering Centre)

Peel District School Board

500 Elbern Markell Drive

(Bovaird and Mississauga) $38,800,000 208,928 Credit Valley No 2 Secondary School

Erin Oak Kids Centre for Treatment and

Development 10145 McVean Drive $38,154,000 123,311 Erin Oak Kids

Baybridge (Brampton) Inc 223 Main Street South $30,810,000 132,654 Traditions at Peel Village

Ahmadiyya Muslim Jama'at Canada Inc 10545 Hurontario Street $7,930,720 30,488 Ahmadiyya Muslim Jama'at (Mosque)

630 Thousand Square

Feet per year average

Institution

Source: 2005 – 2016 Building Permit s– City of Brampton; Complied by the Brampton Economic Development Office

26

17

30

37

17

21 20 20

26 29

17

7

0

5

10

15

20

25

30

35

40

0

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

1,600,000

1,800,000

2,000,000

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 YTD AUG2016

New Institutional Building Sq.Ft. Institutional Building Expansion Sq.Ft. Number of Projects

Construction Activity: Residential Development

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Brampton had 27 non-residential projects by mid 2015 of which six were institutional projects , totaling over 500,000 square feet of floor space. New projects included 131,000 square foot - Sheridan College Davis Applied Engineering Centre, a Peel Regional Paramedic Services Building and Secondary School.

741K Square Feet

per year average

Institution

Source: 2005 – 2016 Building Permit s – City of Brampton; Source: Monthly MarketWatch (Toronto Real Estate Board) August 2016 Complied by the Brampton Economic Development Office

3.1M Square Feet

per year average Non-

Residential

By Builder Total # of Dwelling Units

Royal Pine Homes 192

The Conservatory Group 164

Greenpark Homes 136

Landmart Homes 122

Muirland Homes 118

Lindvest Properties 107

Kaneff Homes 92

Regal Crest Homes 84

Aspen Ridge Homes 82

Paradise Homes 77 0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

2014 YTD August 2015 YTD August 2016 YTD August

Multiple Unit Building

Townhouse

Semi-Detached

Detached

2,384

3,793

2,907

$3

78

,19

6

$4

04

,38

1

$4

21

,82

2

$4

43

,22

8

$4

87

,82

2

$5

74

,40

0

5,436 6,099 5,690 6,048

6,787 7,893

0

2,000

4,000

6,000

8,000

10,000

$0

$200,000

$400,000

$600,000

$800,000

2011 2012 2013 2014 2015 2016

Average Home Price

Resale Activity

Type of Dwelling Unit – Brampton Building Permit

Average House Price and Housing Resale Activity

Top 10 Builders by Dwelling Unit

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Economic Development Stories

Brampton’s newest luxury auto mall located at Mayfield Road and Highway 410, currently home to

Mercedes-Benz Canada, BMW Canada, and Bramgate Volkswagen, saw construction begin on a

new $2 million, 16,000 square foot Infinity Dealership at 60 Coachworks Crescent.

In addition, Acura 2000 added 60,000 square feet of dealership floor space at 2250 Queen Street

East. Gateway Chevrolet added 2,600 square feet to its dealership at 2 Gateway Boulevard and

Adesa Auctions Canada* added 9,500 square feet at 75 Auction Lane.

*Adesa Auctions is recorded as an industrial permit.

Canon Canada’s new 190,000 square foot,

$66 million* headquarters at Mississauga

Road and Steeles Avenue West continued

with its ongoing construction. The new

five-storey facility will replace the

company’s current office on Dixie Road in

Mississauga and is scheduled to open in

the fall 2016.

*Construction costs plus land value

Automotive Retail Investment Canon Canada Inc.

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Economic Development Stories

Sheridan College made a $47.5 million

investment at its Davis Campus with the

construction of a new facility dedicated to the

skilled trades. Construction has begun on the

three-storey, 130,000 square foot building,

scheduled to open in September 2017. This

new location will allow students

direct access to Sheridan’s engineering

programs located in the adjacent Davis Applied

Engineering Centre (DAEC).

ErinoakKids broke ground in May of 2015 on its

new Brampton facility located at 10145 McVean

Drive. The 122,000 square foot, 26- bed facility will

house what will be Ontario’s largest respite centre

for children who are medically fragile, technology

dependent or have complex care requirements. The

cost of design and construction for the project

is $163 million.

Sheridan College’s Skilled Trades Centre ErinoakKids Centre for Treatment and Development

Peel Memorial Centre for Integrated Health and Wellness

The new facility is on track to be

completed by the fall 2016. In early

2017, after a period of equipment

installation, training and orientation, it

will be fully operational. The new Peel

Memorial will provide a range of

specialties, clinics, day programs and

services – including high-tech

diagnostics, surgery and women’s

and children’s health. Space will also

be created for education classrooms

where patients and family members

can learn from health professionals

about how to take a more active role

in managing their own health.

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Open Data Catalogue

Registered Plan of Subdivision

Site Plan Applications

Heritage Points

Brampton Business Directory

Registered Plan of Condominium

Development Applications

Registered Two-Unit Dwellings Schools

Public Facilities

Pathways

Parks

Brampton Transit Schedule Data

DANIEL BISHUN BUSINESS INFORMATION AND COMPETITIVE POLICY COORDINATOR

Economic Development Office 2 Wellington Street West, 2nd floor Brampton, ON Canada L6Y 4R2 T: 905.874.2650 F: 905.874.2670 E: edo@brampton.ca W: www.peoplepoweredeconomy.ca

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