The 4th Quarter of 2011 has been huge for Halton in terms of construction activity. The value of construction was up 62% from $202 Million to $369 Million the bulk of the increase was in Oakville and Burlington . Noted John Davidson, Director, Economic Development. “The increase was partly attributable to an increase in commercial investments, which included Siemens Canada’s new head office building in Oakville and a new parking garage at the Oakville GO Station.”
The report also noted:
• Vaughan-based Calloway Real Estate Investment Trust, in partnership with Indianapolis-based retail developer Simon Properties Group, Inc., plans to build a 400,000 sq. ft. Premium Outlet Centre at Highway 401 and Trafalgar Rd. in the Town of Halton Hills, expected to attract over 2.5 million visitors a year.
• The Government of Ontario announced that it will be investing $3.3 million in Oakville-based aircraft landing gear manufacturer Goodrich Corporation over the next five years, which should help add 31 new jobs and retain another 37 in Oakville, and support a more than $90 million R&D investment Goodrich is making over the next five years.
• Construction of several multi-unit dwellings by Valery Homes in Milton contributed to the 86 per cent increase in residential construction values during the quarter, over the same period last year, as did a construction of a new, four-storey condominium on Upper Middle Road in Burlington.
The unemployment rate in Halton sat at 4.8%.