Hamilton has already surpassed $1 billion worth of new construction for the year as of June 17th.
This means that 2022 marks the earliest the city has reached the billion dollar mark in construction value, and the second time ever that Hamilton has reached this milestone in the first half of a year.
On June 17, 2022, the City of Hamilton surpassed $1 billion worth of construction since the beginning of the year. 2022 now marks the earliest the City has reached the billion-dollar mark in construction value.
Release>> https://t.co/6QpXeiAZVK #HamOnt
— City of Hamilton (@cityofhamilton) July 11, 2022
The previous record was set in 2021, but 2022 has surpassed it by hitting this milestone 13 days sooner than it was hit in 2021. Notably, Hamilton has hit $1 billion in construction within a full calendar year for more than 10 years in a row.
This year’s milestone represents 3,761 construction projects in residential, commercial, industrial, and institutional sectors.
“Year after year, Hamilton continues to achieve historic milestones in construction value. With 2022 marking the earliest the City has achieved $1 billion in new construction, it is clear Hamilton continues to be an attractive place for people to live, work and invest,” said Jason Thorne, Hamilton’s general manager of planning and economic development.
“This milestone is made possible by the collaboration, dedication and hard work of our city staff, development community, skilled trades, businesses and investors, and community stakeholders, each of whom are direct contributors to this achievement.”
Read the full release here.
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