Monday, July 22, 2019

Hamilton construction boom continuing despite drop in permits

Hamilton has had a whopping 35 per cent increase in construction this year compared to last, according to a new report from the city.

More than $724 million in construction value has taken place over the first six months of this year compared to $535 million over the same period last year.

The values are calculated from information provided on building permit applications that require an estimate of the cost of the work.

The actual number of building permits is down slightly, to 4,326 this year compared to 4,788 last year.

But Dio Ortiz, the manager of building engineering and zoning, said that shows the actual projects are bigger this year.

Most notably, he said, is a recently started $88-million expansion project at the water and wastewater treatment plant. It’s a first phase of a five-year renovation and that will eventually total of more than $300 million.

Construction for the second phase of the project — valued at $76 million — is expected to start later this year or early next year.

The residential construction sector has been hot as well, with a 22 per cent increase, driven largely by condominium and apartments, said Ortiz.

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