In just one year, the Hamilton City Planning Department managed to successfully design and deploy an enviable list of accomplishments including a design competition to reimagine an aging pier along the waterfront. With a framework in place to expand the transit system, the development of McMaster Innovation Park, Red Hill Business Park, and expansions to Hamilton's International Airport – will further contribute to retaining and attracting a skilled workforce, becoming a national center for excellence in life sciences and maintaining its status as the fastest-growing economy in Ontario.
Canada's most diversified and one of Ontario's fastest-growing economies, which is continually ranked as one of the best places to invest in the nation - Hamilton is investment-ready. From manufacturing to life sciences, to a renewing downtown core, Hamilton is home to world-class companies. Over the past several years, investments have included Amazon, IBM, Nokia, Maple Leaf, Fraunhofer, and Stryker.
Hamilton's Economic Growth Rate has regularly outpaced national averages.
Conference Board of Canada rates Hamilton as Ontario's fastest-growing economy.
Hamilton is located in the heart of Ontario's highly prosperous agri-business belt and is Top 3 in North America for food and beverage processing.
Hamilton's tech scene has grown by 52% over the course of 5 years and was named Canada's fastest the growing mid-sized city for tech talent by CBRE.
Hamilton is located under an hour away from 5 major border crossings into the US.
Hamilton is within commuting distance of Canada's largest city and within a 1-hour drive of a workforce of 2 million+ people.
REAL ESTATE MARKET FACTS
125% THE AVG. CONDO PRICE IN 2010 WAS $310,258 WHICH REPRESENTS A 125.4% INCREASE OVER A 10 YR. PERIOD
84% OF HAMILTON'S AVERAGE CONDO RENT IN 2020 WAS 84% OF TORONTO'S 2020 AVERAGE RENT
59% OF HAMILTON'S AVERAGE CONDO SALE PRICE IN 2020 WAS 59% OF TORONTO'S 2020 AVERAGE SALE PRICE
33% FASTER GROWTH IN HAMILTON VS. TORONTO (AVG. PRICE IN TORONTO IN 2020 WAS UP 13.5% FROM 2019)
27% IN OCT. 2021 HAMILTON CONDO PRICES INCREASED BY 27% YEAR-OVER-YEAR TO $481K
18% THE AVERAGE PRICE OF A HAMILTON RESIDENTIAL PROPERTY IN 2020 WAS UP 18% FROM 2019
Industrial manufacturing in Industrial manufacturing in Hamilton/Niagara represents an estimated $12 Billion annual effect.
CBRE ranked Hamilton Top 2 in North America for tech cities of opportunity.
Hamilton is in the Top 3in North America for food and beverage processing.
Agribusiness contributes One Billion to Hamilton's economy annually.
Hamilton is a city with a cinematic soul. Adaptable and diverse, gritty and beautiful, it's a
city that offers a wide range of great quality resources for film crews. In fact, a massive
new Film & TV Production Hub is coming to Hamilton: A coalition of industry leaders to build
500,000 sq. ft. of sound stage and a 15-acre live-work-play community.
Hamilton's McMaster University, Mohawk College, and additional top-rated schools attract
over 68,000 students annually from over 162 countries.
LOCATION
Hamilton has been awarded 3.4 Billion in funding from Ontario and Canada to build a new LRT. The LRT will offer frequent and reliable connections on the 14-kilometer line from McMaster University through downtown Hamilton to Eastgate Square.