sustainable growth and development in brampton local economic indicators
DESCRIPTION
Sustainable Growth and Development in Brampton Local Economic Indicators. West End Economic Forum Presented by Brian Stittle. Wednesday, June 29, 2005. Overview of Presentation. Brampton, the GTA, and Canada: Performance Indicators Focus on Brampton: Population and Employment - PowerPoint PPT PresentationTRANSCRIPT
Sustainable Growth and Development in Brampton
Local Economic Indicators
Wednesday, June 29, 2005
West End Economic ForumPresented by Brian Stittle
2
Overview of Presentation
• Brampton, the GTA, and Canada:– Performance Indicators
• Focus on Brampton: – Population and Employment– Industry Sectors– Local Economic Indicators– Construction and Development Activity
3
Definition of the GTA
Includes: City of Toronto,Durham, York, Peel and Halton, plus 24 municipalities.
Excludes-Mexico
Source: GTMA, 2003
4
Factors Driving Growth in the GTA
• High Concentration of Employment, Business Investment, Consumer Spending and Large Sectors Dominated by Manufacturing and Financial Sectors
• Cost Competitiveness (labour; construction; leasing and transportation)
• Population Factors (Natural Increase; Immigration)• Existing Public Infrastructure and Renewal Initiatives• Quality of Life (Education; Medical Community;
HACE; Multiculturalism; Theatre Market)• Location in relation to US Markets• The GTA is an international urban centre
5
666.104
878.866
1,039.534
619.544
2,481.494
774.072
612.925
545.671
490.268
359.111
190.399
193.954
196.811
208.402
208.615311.902
325.428
336.539
343.005
347.825
0 500 1,000 1,500 2,000 2,500 3,000
Burnaby
Saskatoon
Windsor
Markham
Burnaby
Victoria
Brampton
London
Laval
Surrey
Halifax RGM
Hamilton
Vancouver
Mississauga
Winnipeg
Edmonton
Ottawa
Calgary
Montreal
Toronto
Source: Statistics Canada, 2001 Census
Thousands
National Performance – Population
Top 5 Municipalities in GTA
1. Toronto2. Mississauga3. Brampton4. Markham5. Vaughan
6
3.75
2.702.48 2.43
1.63 1.601.36 1.27
1.030.88
0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
4.00
Toron
to
Bram
pton
Mon
treal
Calga
ry
Ottawa
Vanco
uver
Mis
sissa
uga
Edmont
on
Surre
y
Vaugha
n
National Performance - Construction
Billions ($) Total Value of Building PermitsJanuary – December 2004
Source: Statistics Canada, 2005
7
2.051.89
1.591.44
1.12 1.09
0.880.78
0.69 0.65
0.00
0.50
1.00
1.50
2.00
2.50
Bram
pton
Toron
to
Calga
ry
Mon
treal
Vanco
uver
Ottawa
Surre
y
Edmont
on
Mis
sissa
ugaLav
al
National Performance - Residential
Billions ($) Total Value of Building PermitsJanuary – December 2004
Source: Statistics Canada, 2005
8
332
181
148 146
110
6853 52 46 44
0
50
100
150
200
250
300
350
Mis
sissa
uga
Toron
to
Vaugha
n
Mon
treal
Bram
pton
Edmont
on
Calga
ry
Terre
bonn
e
Cambrid
ge
Oakvi
lle
National Performance - Industrial
Millions ($) Total Value of Building PermitsJanuary – December 2004
Source: Statistics Canada, 2005
9
947
600
519
404335
269 257199 194 193
0
100
200
300
400
500
600
700
800
900
1000
Toron
to
Calga
ry
Mon
treal
Ottawa
Edmont
on
Vanco
uver
Bram
pton
Mis
sissa
uga
Win
nipe
g
Vaugha
n
National Performance - Commercial
Millions ($) Total Value of Building PermitsJanuary – December 2004
Source: Statistics Canada, 2005
10
Population Growth, 2003-2013
2013: 214,000 (8.5%)
2013: 130,000 (36%)
2013: 62,000 (32%)
2013: 59,000 (32%)
2013: 50,000 (8%)
GTA Growth – 2013: 894,000 (17%)
High Growth Poles: Actual #
Source: Centre for Spatial Economics, 2003
11
Population Growth, 2003-2013
2013: 34,700 (37%)
2013: 29,200 (37%)2013: 32,400 (35%)
2013: 45,000 (31%)
2013: 43,800 (29%)
GTA Growth – 2013: 894,000 (17%)
Secondary Growth Poles
2013: 29,600 (71%)
Source: Centre for Spatial Economics, 2003
12
Employment Projections, 2003-2011
Industry 2003 2011
Manufacturing 545,900 573,600 Trade 431,400 474,700 Professional, Technical Services 277,200 356,100 F.I.R.E. 254,700 278,500 Health Care 217,300 261,200 Educational Services 159,900 166,700 Accommodation and Food 157,900 184,300 Information, Culture, Recreation 154,000 193,400 Construction 151,500 165,400 Transportation and Warehousing 143,800 163,600 Mgt, Admin Servcies 136,600 177,400 Other Services 107,900 132,100 Public Administration 85,600 93,800 Utilities 22,000 23,100 Agriculture, Forestry, Fishing 7,300 8,500 Mining 3,700 3,500
Total 2,856,700 3,257,911 Growth 401,211
14.0%
2011/2003(%)
5.1%10.0%28.5%9.3%
20.2%4.3%
16.7%25.6%9.2%
13.8%29.9%22.4%9.6%5.0%
16.4%-5.4%14.0%
Source: Centre for Spatial Analysis, 2003
13
GTA Summary
• The GTA experienced 12 consecutive months of employment growth in 2003-2004.
• Approximately 100,000 people are added to the GTA population each year and 50,000 new jobs.
• The GTA will grow by 1 million people in the next decade. • Toronto and Brampton exceeded $2 billion in Building Permit
activity in 2004. • Brampton and Toronto will experience the highest rates of real
population, employment and real estate growth in the next decade.
• Subject to unpredictable geopolitical conditions, the current economic and financial indicators support stable national, regional and local growth in 2005.
14
Focus on Brampton• 14th Most Populated City in Canada (10th in 2004)• 3rd Most Populated City in GTA• 2nd Fastest Population Growth of Canada’s Largest Cities• Land area equal to Mississauga• 50% Build-out (Half the City to develop in next 30 years)• Growing infrastructure (410 extension; New GO station; over $1
billion in transportation spending over next 10 years)• 39% of Population represented by new Canadians• A survey of 66 municipalities across Ontario found Brampton to
have lower than average tax rates in all property classes, amongst the lowest taxes as a percentage of income.
• The City of Brampton is debt-free.• Challenges include: managing growth in a manner whereby city
services are delivered and funded in a timely manner.
15
412,503
100,000
149,090
188,498
234,445
268,251
325,428
-50,000
50,000
150,000
250,000
350,000
450,000
1976 1981 1986 1991 1996 2001 2005
Brampton Historic Population 1976-2005
Source: Statistics Canada, 1976-2001, City of Brampton Planning Design and Development
16
14
.2
12
.6
8.2
8.1
7.3
6.7
6.2
5.4
4.8
4.7
4.0
1.63
.3
20
.3
21
.3
2.3
37
.3
0.2
3.8
14
.4
0
5
10
15
20
25
30
35
40
Vaughan
Bram
pton
Markham
Calg
ary
Surrey
Mis
sis
sauga
Burnaby
Edm
onton
Ottaw
a
Kitchener
Vancouver
Win
dsor
Ham
ilton
Halifax
Toronto
Laval
London
Montreal
Saskatoon
Win
nip
eg
% Growth 1996-2001
Brampton: Population Growth, 1996-2001
Source: Statistics Canada, 2001
17
687678640
582
511
433
325
269235
323308289
263228
176134
0
100
200
300
400
500
600
700
1991 1996 2001 2006 2011 2016 2021 2026 2031
Population Employment
Brampton Population-Employment Projection
Source: Statistics Canada, 1991-2001; Hemson Consulting Ltd; Planning, Design and Development
Thousands
18
Population Forecast
2006: 40,1002011: 44,2002021: 46,1002031: 44,900
2006: 1222011: 7,3002021: 22,1002031: 21,500
2006: 51,2002011: 67,5002021: 72,7002031: 70,800
2006: 12,4002011: 14,7002021: 14,1002031: 13,700
2006: 2,2002011: 18,8002021: 34,4002031: 33,500
2006: 15,5002011: 26,5002021: 41,4002031: 40,400
2006: 1782011: 1742021: 4,0002031: 33,500
Total Population2006: 432,7002011: 510,9002021: 639,6002031: 687,200
2006: 7,5002011: 20,3002021: 46,1002031: 45,000
Source: Hemson Consulting Ltd; City of Brampton Planning, Design and Development
19
Employment Projections
2006: 6,5002011: 20,6002021: 37,2002031: 43,000
2006: 4,0002011: 6,0002021: 10,5002031: 12,200
2006: 38,5002011: 45,8002021: 48,8002031: 49,000
2006: 3182011: 3,8002021: 12,5002031: 17,400
Total Employment2006: 176,1002011: 227,6002021: 288,9002031: 322,900
2006: 7,7002011: 11,4002021: 12,4002031: 12,800
2006: 1002011: 1002021: 3,3002031: 17,600
2006: 25,8002011: 29,9002021: 35,8002031: 37,300
Source: City of Brampton Planning, Design and Development
20
8,271
8,394
8,678
17,598
33,707
481
1,310
2,152
2,270
2,789
3,558
4,329
4,798
5,315
6,365
7,411
0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000
Information & Cultural Industries
Educational Services
Real Estate, Rental & Leasing
Finance & Insurance
Arts, Entertainment & Recreation
Other Services (Except Administration)
Public Administration
Construction
Professional, Scientific & Technical Services
Accommodation & Food Services*
Admin & Support, Waste Mngt & Remediation Services
Transportation & Warehousing
Health Care & Social Assistance
Wholesale Trade
Retail Trade
Manufacturing
# of Employees
NAICS
Brampton: Industry Sectors
Source: Brampton Economic Development Office, 2003 Brampton Employers Survey
21
Source: Brampton Economic Development Office, 2003 Brampton Employers Survey
7,217
5,112
4,462
2,864
2,223
1,805
1,492
1,274
1,182
1,177
0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000
Beverage & TobaccoProduct
Non-Metallic MineralProduct
Paper
Miscellaneous*
Machinery
Chemical
Plastics & Rubber Products
Food
Fabricated Metal Product
Transportation & Equipment
# of Employees
Brampton: Manufacturing Clusters
* These establishments manufacture a diverse range of products such as medical equipment and supplies, jewellery, sporting goods, toys and office supplies.
22
Nortel Networks (Global Headquarters) Maple Lodge Farms Zellers Inc Bombay Company Aston Martin Jaguar Land Rover Canada Magna Technical Training Centre Velcro Canada Bacardi Canada Brita Canada Italpasta Atlantis Aerospace Corporation Loblaw Companies Limited Clorox of Canada Blue Giant Limited Concord Elevator Nacan Products Brampton Brick Limited ACCO Canada Mandarin Restaurant Limited
Source: Brampton Economic Development Office, 2005.
This list is a sample of the largest employers with a national or global headquarters presence in
Brampton.
Brampton: Corporate Headquarters
23
Local Economic Indicators
Source: City of Brampton Economic Development Office, 2005
Brampton Indicators YTD Mar 2005 YTD Mar 2004 Variance (05/04)
Total New Employment 361 376 -4.0% Total New Business 52 56 -7.1% Unemployment Rate (Toronto CMA) 7.4% (Mar only) 7.1% (Mar only) 4.2% Average Active Employment Insurance Claims 34,006 27,778 22.4% Total Construction Value $427,012,626 $488,499,690 -12.6% Residential Construction Value $87,448,978 $374,350,155 -76.6% Industrial Construction Value $173,810,858 $66,484,200 161.4% Commercial Construction Value $21,100,500 $23,428,200 -9.9% Housing Resale Activity 1,685 1,792 -6.0% Average House Price $274,371 $250,716 9.4% Housing Permits (units) 372 1,762 -78.9%
Industrial Vacancy Rates (4th Qtr) 4.4% 6.1% -27.9%
24
Industrial and Office Lease Rates
Source: Compiled by Brampton Economic Development Office
Brampton Industrial Lease RatesSource Net Rental Rate (PSF)
CB Richard Ellis – Brampton Industrial Market - 1Q05 $5.40
Colliers Greater Toronto Industrial Report - 1Q05 $5.86
Royal LePage Market Focus: Toronto Industrial Market - 4Q04 $5.84
Average $5.70
Brampton Office Lease RatesSource Advertised Lease Rate
(PSF)
Canadian Real Estate Association – (www.icx.ca - average of listed properties) $10.55
GTA West Office Lease RatesSource A B C
CB Richard Ellis – Toronto Office Market View - 1Q05 $13.67 $11.09 $9.59
Colliers Office Quarterly Update - 1Q05 $13.91 $11.19 $9.02
Royal LePage – Weighted Average Net Rental Rate - 1Q05 $14.39 $10.68 $11.58
25
Total Construction ActivityValue of Building Permits, 1980-2004
273.
834
350.
39
495.
32
546.
14
658.
69
995.
12
608.
48
767.
63 1,00
1.2
120.
000
64.4
06
112.
791
67.0
22
72.6
84
111.
808
123.
292
166.
409
287.
463
250.
318
314.
073
266.
695
265.
051
73.6
27
120.
321
125.
400
209.
604
194.
772
2,73
0.40
1,79
1.40
1,41
8.06
175.
700
234.
146
171.
150
157.
600
211.
032
286.
638
413.
256
547.
120
578.
134
509.
622
389.
300
220.
000
362.
962
176.
053
284.
538
262.
208
329.
408
525.
823
1,12
5.16
1,04
4.15
$0
$500
$1,000
$1,500
$2,000
$2,500
$3,000
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
Total to June 30 Total to December 31
Current Dollars ($Millions)
2004 continued to set construction records.
Source: City of Brampton Planning, Design and Development Department, 1980-2004
26
Industrial Construction ActivityTotal Construction Value, 1980-2004
Source: City of Brampton Planning, Design and Development Department, 1980-2004
$209
$191
$91
$120
$47$62
$19$12
$23
$96
$75
$130
$100
$146
$97
$42
$21$12
$24$32 $38
$84
$162
$208
$258
$0
$50
$100
$150
$200
$250
$300
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
Current Dollars ($Millions)
27
Commercial Construction ValueTotal Construction Value 1980-2004
Source: City of Brampton Planning, Design and Development Department, 1980-2004.
$164
$109
$69
$40
$20 $20$12 $8
$18$8
$41
$56$50 $51 $48
$18$20$15
$32
$51$56
$64
$44
$82
$62
$0
$20
$40
$60
$80
$100
$120
$140
$160
$180
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
Current Dollars ($Millions)
28
Institutional Construction ValueTotal Construction Value, 1980-2004
$17 $15$23 $22
$12$5$13
$42$54
$18$35
$39$28
$11 $14$26
$6 $10
$67
$20
$55
$112
$153
$104
$292
$0
$50
$100
$150
$200
$250
$3001
98
0
19
81
19
82
19
83
19
84
19
85
19
86
19
87
19
88
19
89
19
90
19
91
19
92
19
93
19
94
19
95
19
96
19
97
19
98
19
99
20
00
20
01
20
02
20
03
20
04
Current Dollars ($Millions)
Source: City of Brampton Planning, Design and Development Department, 1980-2004
29
Residential Construction ValueTotal Construction Value, 1980-2004
$98$115$102 $102
$145$163
$277$305 $370$275
$195$110
$288
$132 $201$146
$221$354 $321
$435
$736$759
$1,089
$1,366
$2,042
$0
$500
$1,000
$1,500
$2,000
$2,500
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
Brampton will continue to represent a significant portion of the regional new home construction market over the next 15 - 30 years.
Current Dollars ($ Millions)
Source: City of Brampton Planning, Design and Development Department, 1980-2004
30
New Housing Units1980-2004
2.338
3.0292.509
2.2102.072
2.553
2.923
3.445 3.524
1.905
1.554
1.053
2.260
1.4411.826
1.489
2.027
2.9222.479
3.239
5.1454.861
6.3676.670
9.657
0.000
1.000
2.000
3.000
4.000
5.000
6.000
7.000
8.000
9.000
10.00019
80
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
Units (Thousands)
The new housing units include detached, semi-detached, townhouse, and apartment.Source: City of Brampton Planning, Design and Development Department, 1980-2004
31
The total value of construction to March of 2005 was $427.0 million, down slightly from $488.5 million for the same period last year, showing a 12.6% decrease.
Exceeding $2.7 billion in total construction activity in 2004 moved Brampton into position as the second largest construction market in Canada behind Toronto.
The City of Brampton has achieved over $1 billion in construction value for the last five years. With over $2.7 billion achieved in 2004, Brampton’s sustained growth continues to highlight its place as a significant national urban centre.
Residential construction values at $87.4 million are over 75% less than last year.
Brampton’s growth to date in 2005 is being led by a strong industrial construction market with 12 new buildings commenced to date showing a 100% increase over the same period last year.
Construction Update
32
Brampton’s industrial construction value to date is $173.8 million, up over 160% over last year, the majority of which is attributed to new speculative development.
Industrial speculative construction has to date accounted for close to 2.8 million square feet of new space totalling over $102 million in construction value.
Commercial construction at $21.1 million is down less than 10% and on par with 2004.
Institutional construction value at $140.9 million is up substantially over last year at this time (over 700%). The new hospital permit released in March accounts for $117.7 million itself.
Over 675,000 square feet of new non-residential site plan applications are in process to date in 2005.
Construction Update
33
Top Non-Residential Construction ProjectsYTD March 2005
Source: Brampton Planning, Design and Development Department, 2005
Rank Applicant Location Size (Sq Ft) User Permit Type Date1 Brampton Property Investments Inc. 9263 Airport Rd 704,424 Speculative Construction Industrial New Mar2 William Osler Health Centre 2100 Bovaird Dr. E. 543,165 William Osler - Inpatient Bldg Institutional New Mar3 Orlando Corporation 15 Hereford St 458,404 Speculative Construction Industrial New Mar4 Brampton Property Investments Inc. 9283 Airport Rd 413,933 Speculative Construction Industrial New Mar5 Orlando Corporation 1 Hereford St 323,462 Speculative Construction Industrial New Mar6 Airport 407 Campus Inc. 30 Pedigree Court 274,972 Speculative Construction Industrial New Mar7 Millard Refrigerated Services - Canada 745 Intermodal Dr 241,175 Millard Refrigerated Services Industrial Addition Mar8 Precidio Court West Developments Inc. 14 Precidio Court 177,595 Speculative Construction Industrial New Mar9 Great West Life & London Life 3485 Steeles Ave E 175,650 Speculative Construction Industrial New Mar
10 Great West Life & London Life 3495 Steeles Ave E 159,806 Speculative Construction Industrial New Mar11 Giampaolo Investments 850 Intermodal Dr 122,121 Matalco Inc. Industrial New Mar12 Jaipur Gore Plaza Inc. 8887 The Gore Rd 87,062 Retail Development Commercial New Mar13 Peel District School Board 80 Redwillow Road 59,257 Bram East #2 Public School Institutional New Jan14 Rutherford Properties Limited 321 Rutherford Rd S 43,305 Speculative Construction Industrial New Mar15 Peel District School Board 65 Mount Royal Circle 40,904 Vales North Elem. School Institutional New Jan16 New Spaces Inc. 3A Edvac Dr 32,809 Speculative Construction Industrial New Mar17 Bramalea & Bovaird Holdings Inc. 10095 Bramalea Road 26,542 Retail Development Commercial New Jan18 1539108 Ontario Limited 9499 Airport Rd 26,365 Speculative Construction Industrial New Mar19 Minuk Developments Inc. 351 Parkhurst Sq 24,745 Retail Development Commercial New Mar20 Jaipur Gore Plaza Inc. 8917 The Gore Road 21,227 Retail Development Commercial New Jan21 Peel District School Board 105 Richvale Dr. N. 18,511 Robert H Laguerquist Sr P.S. Institutional Addition Mar22 Jaipur Gore Plaza Inc. 8907 The Gore Road 17,455 Retail Development Commercial New Jan23 Orlando Corporation 1 President's Choice Cir 16,346 Loblaws Commercial Addition Feb24 Peel District School Board 95 Richvale Dr. N. 15,727 Terry Fox Public School Institutional Addition Mar25 Jaipur Gore Plaza Inc. 8897 The Gore Road 14,209 Retail Development Commercial New Jan26 A. Mantella & Sons Limited 95 Biscayne Crescent 9,045 Amcor Pet Packaging Industrial Addition Feb27 City South Limited 7700 Hurontario St 7,008 Brampton Guardian Commercial Addition Mar28 Minuk Developments Inc. 341 Parkhurst Sq 6,760 Retail Development Commercial New Mar29 The Regional Municipality of Peel 2625 Steeles Ave E 5,348 Region of Peel Industrial New Feb30 Minuk Developments Inc. 361 Parkhurst Sq 5,070 Retail Development Commercial New Mar31 D & F Ruso Limited 2462 Queen Street E 4,812 Imperial Garden Centre Commercial New Jan32 John Joseph O'Connell 9981 Chinguacousy Rd 3,778 Petro Canada Commercial New Mar33 D & F Ruso Limited 2456 Queen Street E 3,000 Imperial Garden Centre Commercial New Jan34 Svazic Realty Inc. 5 Strathearn Avenue 1,356 Tabco Brake Company Industrial Addition Feb
Thank You!
For further information, please contact:
Brian StittleEconomic Development Co-ordinator
City of Brampton, 33 Queen Street WestBrampton, Ontario, L6Y 1L9
Tel: 905-874-2642Fax: 905-874-2670