The Conference Board of Canada, a not-for-profit Canadian organization dedicated to researching and analyzing economic trends expects Hamilton’s economy to grow by 4.5% this year, the city’s strongest this decade. Read about the full article from the Hamilton Spectator here
Too busy to read the whole article?
Here are my takeaways:
- The city is on track is approaching 1 billion in building permits mostly driven by home construction, and will be a new record by almost 200 million over the previous record set in 2008
- Hamilton’s economic resurgence fuelled by a strong recovery in manufacturing, construction and retail trade but the board does warn of a slowdown for the remainder of this year and next
- The city’s move to diversity its industries away from steel is the reason for growth