presentation to brampton real estate board€¦ · population represents one of the youngest...
TRANSCRIPT
City of Brampton October 2017
Presentation to Brampton Real Estate Board
Economic Development and Cultural Department
Expeditor
Advance Manufacturing
Human Health & Sciences
Economic Development
Health and Life Science
Innovation and Technology
Central Area Brampton
Entrepreneur Centre (BEC)
Research & Poicy Marketing &
Special Events
Cultural Services
Theatres Festivals & Special
Events
Culture Tourism
1. Brampton within the Greater Toronto Area (GTA)
2. Population and Employment
3. Growth Areas
4. Latest Economic Indicators
5. Economic Indicators: 2012 to 2016
6. Construction Value Ranking (Mid Year 2017)
7. Employment Base
8. Construction Activity: Commercial Development
9. Construction Activity: Industrial Development
10. Construction Activity: Institutional Development
11. Residential Activity
12. Economic Development Stories
Table of Contents
For further information go to: www.peoplepoweredeconomy.ca
The City of Brampton is located in the Region of Peel and is the 3rd
largest city in the Greater Toronto Area (GTA) within Ontario, Canada.
Brampton is approximately 45 kilometres northwest of downtown Toronto.
According to Statistics Canada’s 2016 Census of Canada, Brampton’s
population is approaching 600,000 people making it the 9th largest city
in the nation.
Brampton is strategically positioned as one of Canada’s fastest growing municipalities with an average growth rate between the years of 2011 to
2016 of 13.3 per cent; with an average age of 36.5, Brampton’s population represents one of the youngest demographics in the GTA.
Brampton is just north of Toronto Pearson International Airport – Canada’s largest international gateway.
The Brampton market is served by major 400 series highways, including
ETR 407, 410, 427, 403, and 401.
Brampton within the Greater Toronto Area (GTA)
Population and Employment
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.
Brampton-Specific scenario (May 22, 2015)
244,0
30
268,4
60
292,4
30
307,1
10
321,9
60
686,800
760,700
836,800 863,800 888,600
0
100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
900,000
1,000,000
0
50,000
100,000
150,000
200,000
250,000
300,000
350,000
2021 2026 2031 2036 2041
Population Employment
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
64.9% Population Growth
2011 – 2041
Brampton
BRAMPTON 2021: 686,800
2026: 760,700
2031: 836,800
2036: 863,800
2041: 888,600
Source: Preliminary forecasts prepared for the City of Brampton by Hemson Consulting Ltd. Brampton-Specific scenario (May
22, 2015)
Compiled by Brampton Economic Development Office
**Including Net Undercoverage
Growth
Areas
Latest Economic Indicators
Brampton Indicators YTD September 2017 YTD September 2016 Variance (17/16)
Total New Employment1 1,356* 791* 71.4%
Total New Business1 104* 147* -29.3%
Unemployment Rate % (Region of Peel)2 6.5 8.6 -2.1
Total Construction Value3 $1,120,238,591 $1,464,038,664 -23.5%
Residential Construction Value3 $810,060,744 $1,173,309,411 -31.0%
Non-Residential Construction Value3 $307,680,338 $287,880,521 6.9%
Industrial Construction Value3 $144,759,992 $154,524,793 -6.3%
Commercial Construction Value3 $101,360,709 $70,518,697 43.7%
Institutional Construction Value3 $61,559,637 $62,837,031 -2.0%
Housing Resale Activity4 6,901 8,817 -21.7%
Average House Price4 $710,323 $579,205 22.6%
Housing Permits (units)3 2,123 2,825 -24.8%
Industrial Vacancy Rate % (Q3 2017/2016)5 2.1 3.1 -1.0 Sources
1. City of Brampton Economic Development Office
2. Statistics Canada, Labour Force Survey, custom tabulation September 2017
3. City of Brampton Building Division, September 2017
4. Monthly MarketWatch (Toronto Real Estate Board) September 2017
5. GTA Q3 2017/2016 Industrial Market Statistics - (Colliers International) * Please note these are only estimates compiled by the Economic Development Office Compiled by: City of Brampton - Economic Development Office - Business Information & Competitive Policy
Economic Indicators: 2012 to 2016
Sources
1. City of Brampton Economic Development Office
2. Statistics Canada, Labour Force Survey, custom tabulation
3. City of Brampton Building Division
4. Monthly MarketWatch (Toronto Real Estate Board)
5. GTA Industrial Market Statistics - (Colliers International)
Compiled by: City of Brampton - Economic Development Office - Business Information & Competitive Policy
Brampton Indicators YTD December 2016 YTD December 2015 YTD December 2014 YTD December 2013 YTD December 2012
Total New Employment1 2,405 1,466 2,171 1,423 1,725
Total New Business1 218 208 197 219 256
Unemployment Rate % (Region of Peel)2 7 7 8 8 8
Total Construction Value3 $1,961,406,292 $2,748,226,792 $2,260,648,985 $1,392,371,481 $2,655,224,190
Residential Construction Value3 $1,620,072,469 $2,199,427,993 $1,610,833,913 $958,043,543 $2,172,524,763
Industrial Construction Value 3 $175,502,603 $210,476,550 $105,285,725 $194,210,450 $181,287,855
Commercial Construction Value3 $65,425,807 $83,493,369 $145,475,986 $122,618,082 $194,533,064
Institutional Construction Value 3 $96,792,681 $249,822,628 $395,503,901 $114,306,140 $104,067,600
Housing Resale Activity4 10,964 9,365 8,332 7,909 7,956
Average House Price4 $584,676 $488,497 $444,007 $420,847 $404,140
Housing Permits (units)3 4,044 5,449 4,366 3,071 5,940
Industrial Vacancy Rate % (Q4)5 3.2 3.9 5.5 6.4 5.7
National Rankings
9th
11th
13th
18th
13th
9th
Construction Value Ranking (Mid Year 2017)
Sources: Building Permits, Statistics Canada
Total
Commercial
Industrial
Institutional
Non-Residential
Residential
Toronto CMA Rankings
3rd
4th
5th
2nd
4th
3rd
As of June 2017, the City of Brampton has
issued building permits valued at $0.8
billion. Total construction value decreased
9.8% since June 2016.
In terms of national rankings, the City of
Brampton dropped from 8th to 9th for total
construction value.
In terms of rankings amongst cities in
Toronto Census Metropolitan Area (CMA),
the City of Brampton dropped from 2nd to
3rd for total construction value.
Goods-producing
25%
Service-producin
g 75%
Employment Base
Sources: Employer Survey, Economic Development Office
75%
19%
6%
Full-Time
Part-Time
Contract
Over
157,000 Employment
Over
9,000 Employers
As of September 2017, total
employment was 157,471, of
which 118,011 were full-time
and 39,460 were either part-
time or contract.
Total employer count was
9,194 as of September 2017.
Over 90 per cent of the
employers had less than 50
employees.
Major Sectors: • Innovation &Technology
• Health & Life Science
• Advanced Manufacturing
• Food and Beverage
The three largest private sector
employers in Brampton are
Rogers Communications Inc.,
FCA Canada Inc., and Loblaw
Companies Ltd.
Construction Activity: Commercial Development
Sources: Building Permits, City of Brampton
Location Permit Type Value Square Feet User
200 Steelwell Road New $27,000,000 145,549 Hilton Garden Inn
30 Ace Drive New $2,676,674 26,553 Brampton Honda
76 Quarry Edge Drive New $2,170,000 17,997 Pet Smart
20 Rivermont Road New $1,500,000 15,357 Shell building
2979 Bovaird Drive East New $1,487,400 10,673 LMC Diabetes and Endocrinology
As of September 2017,
Brampton had
27commercial projects,
adding over 400,000
square feet of commercial
floor space.
31
39
28
42
23
18
27
0
5
10
15
20
25
30
35
40
45
0
100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
900,000
1,000,000
2011 2012 2013 2014 2015 2016 2017(YTD September)
Num
ber
of
Pro
ject
s
Square
Foota
ge
New Commercial Sq. Ft. Commercial Building Expansion Sq. Ft. Number of Projects
Construction Activity: Industrial Development
Sources: Building Permits, City of Brampton
16
21
16
11
20 22
14
0
5
10
15
20
25
0
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
3,500,000
2011 2012 2013 2014 2015 2016 2017(YTD
September)
Num
ber
of
Pro
ject
s
Square
Foota
ge
New Industrial Sq. Ft. Industrial Building Expansion Sq. Ft. Number of Projects
Location Permit Type Value Square Feet User
307 Orenda Road New $38,030,400 341,130 Shell Building
7845 Heritage Road New $16,680,000 149,632 Shell Building
130 Sandalwood Parkway West Addition $12,136,800 50,246 Brampton Transit
33 West Drive New $3,782,000 16,506 Canadream
85 Parkshore Drive Addition $2,200,000 19,730 Can Art Aluminum Extrusion
26 Westwyn Court Addition $1,648,000 14,787 Promax Auto Parts
As of September 2017,
Brampton had 14
industrial projects,
adding almost 650,000
square feet of industrial
floor space.
Construction Activity: Institutional Development
Sources: Building Permits, City of Brampton
Location Permit Type Value Square Feet User
7755 Hurontario Street Addition $35,795,200 137,606 Brampton Courthouse
7875 Mayfield Road New $5,446,448 20,938 Jain Temple
8870 McLaughlin Road South Addition $508,000 3,165 Flower City Senior's Centre
As of August 2017,
Brampton had 3
institutional projects,
adding over 160,000
square feet of
institutional floor space.
20 20
26
29
17
13
3
0
5
10
15
20
25
30
35
0
200,000
400,000
600,000
800,000
1,000,000
1,200,000
2011 2012 2013 2014 2015 2016 2017(YTD September)
Num
ber
of
Pro
ject
s
Square
Foota
ge
New Institutional Sq. Ft. Institutional Building Expansion Sq. Ft. Number of Projects
Residential Activity
Sources: Toronto Real Estate Board, Canada Mortgage and Housing Corporation and City of Brampton
Single-Detached Average Home Prices
New Home Prices (Single-Detached) YTD August 2017: $690,625 YTD August 2016: $706,727 Average Home Prices - Resale YTD September 2017: $710,323 YTD September 2016: $579,205 Resale Prices (Single-Detached) September 2017: $766,132 September 2016: $726,223
New Single Detached Units by Price
(YTD August 2017)
$500,000 to $649,999
35.4% $650,000 to $799,999
32.5%
$800,000 to $999,999
16.9%
< $500,000 $500,000 -$649,999
$650,000 -$799,999 $800,000 -$999,999
$1,000,000 +
$1,000,000 + 4.6%
< $500,000 10.7%
988
1,692
86
262
586
299
463
572
0
500
1,000
1,500
2,000
2,500
3,000
3,500
2017 2016
Townhouse
Multiple UnitBuildingSemi-Detached
Detached
New Units by Type Building Starts (YTD September)
Uni
ts
6,901
8,817
0 5,000 10,000
2016
2017
Housing Resale Activity (YTD September)
Units
Economic Development Stories
Atlas Healthcare
Atlas Global Healthcare Ltd is a Canadian real estate development and consulting company that aims to finance,
develop, build and manage privately-owned, world class medical-surgical centres. The City recently approved a new 6
storey medical office building for Atlas that will bring 150 jobs and represents an $80 million investment in the Health
Cluster emerging around Peel Memorial.
Automotive Retail
A new 62,700 square feet Audi dealership is located in Brampton’s newest luxury auto mall at Mayfield Road and Highway 410. Total construction cost is estimated at $7 million. In addition, Infinity dealership also invested $2 million in
the construction of a brand new 16,000 square feet facility. Brampton Honda is the newest addition to the auto mall.
They are planning to invest $2,676,674 on the construction of a new 26,553 square feet facility.
Mixed-Use Developments in the Central Area
Redwood Properties is planning to build a 25-storey tower and a 27-storey tower on top of a 3-storey podium
accompanied by 10,800 square feet of commercial use. This will result in a $140 million investment in terms of land
value and construction cost. Moreover, Cumberland Development is also constructing a 5-storey, 55,700 square feet
office tower along with a 23-storey residential tower with 156 units.
Economic Development Stories
A. Grenville and William Davis Court House
Infrastructure Ontario lead the project to construct a 110,000 square foot, six-storey addition to the
already existing courthouse. Two floors will be outfitted immediately to contain new courtrooms and
support spaces such as waiting areas and judicial chambers. The remaining floors will provide space for
future courthouse developments.
Springdale Public Library
A new 27,500 square feet library will be located at north-east corner of Bramalea Road and
Sandalwood Parkway East. RDH Architects won an award of excellence from Canadian Architect for the
design of this facility. This resulted in a $17 million investment for the purchase of land and construction
of building.
Bramalea Logistics Centre
Brand new design-build distribution centre on a 15.2 acre parcel of land with potential for
approximately 6,800 square feet of office. The facility will be 341,130 square feet and have over 50
loading doors (with potential for more). The construction cost for this facility is estimated at $38 million.
The building will have energy efficient design, 95 trailer parking, 38 feet ceilings, 54’ wide bays,
THANKS! Any questions?