Brampton Economic and Market Snapshot 2013

Transcription

1 D4-1 prepared by the Brampton Economic Development Office Business Attraction and Retention Committee February 18, 214 Business Attraction and Retention Advisory Committee Date: February 18, 214 Brampton Economic and Market Snapshot 213

2 TABLE OF CONTENTS D4-2 Brampton Economic Indicators Brampton New Employment and Business Construction Activity: New Industrial-Commercial Construction Activity: Industrial-Commercial Expansion Constructions Activity: Institutional 213 Residential Activity 213 International Business Strategy Population Market Demand NHS Demographics Electronic Resources The Economic Development Office Sources (Endnotes) Economic Development Office Contact Information

3 Brampton Economic Indicators: December 213 Brampton Indicators YTD Dec 213 Total New Employment1 YTD Dec 212 1, % % Total New Business1 Unemployment Rate % (Region of Peel)2 Total Construction Value $1,392,371,481 $2,655,224, % $958,43,543 $2,172,524, % Residential Construction Value3 Industrial Construction Value3 $181,287, % $122,618,82 $194,533,64-37.% Value3 $114,36,14 $14,67,6 9.8% 7,99 7, % $42,847 $44,14 4.1% 3,71 5, % Housing Resale Activity4 Average House Price4 Housing Permits (units)3 Industrial Vacancy Rate % (Q3-213/212)5 Employment rate (%) Participation rate (%) Unemployment rate (%) 3.% 7.6% 8.% Industrial 6.% Q4 213: Q4 212: 6.4% 5.7% 62.6% 67.7% 62.6% 68.1% 62.6% 69.% 61.9% 69.1% 62.% 69.3% 61.8% 68.4% 61.7% 68.% 61.4% 67.7% 61.7% 68.% 62.4% 68.6% 63.6% 69.5% 64.7% 7.1% 65.5% 7.8% 65.7% 71.4% 65.3% 71.5% 64.6% 7.7% 63.8% 69.8% 63.2% 69.4% 63.% 69.6% 62.1% 69.2% 61.8% 68.7% 61.6% 68.6% 62.4% 68.8% 4.% 63.% 69.5% 2.% 1.% Vacancy Rates City of Brampton 1.% 8.1% 9.3% 1.4% 1.4% 9.7% 9.2% 9.3% 9.3% 9.% 8.4% 7.7% 7.5% 8.% 8.6% 8.7% 8.6% 8.9% 1.2% 9.5% 4.% 1.1% 5.% 1.3% 12.% 9.3% 14.% 6.% 9.3% 7.%.% 2.%.% J F M A M J J A S O N D J F M A Employment Region of Peel M J J A 6 S O N D Office Q4 213: Q4 212: 7.6% 6.4% ICI Market Endnotes can be found on page In 213, Brampton was able to attract 219 new businesses and 1,423 new jobs. The unemployment rate rose slightly to 7.6 per cent (from 7.5 per cent in 212). At close to $1.4 billion, the total construction value was on par with projections. D4-3 $194,21,45 Value3 Commercial Construction Institutional Construction Variance (13/12) 1,423 Industrial construction activity was up just over 7 per cent, institutional construction was up almost 1 per cent, while commercial construction activity was down 37 per cent.

4 Brampton New Employment and Business ,174 1,538 1,725 1, Total New Employment Total New Business Significant New Businesses2 Company Jones Contract Packaging TARGET Canada TARGET Canada TARGET Canada The Works Ever Eco Plastics Pulis Investment Group Haco Canada Gamma Dynacare West Block Distributers Location 55 Walker Drive 499 Main Street South 8 Great Lakes Drive 25 Peel Center Drive 8 Queen St East 4 Holtby Avenue, Unit 2 1 Nelson ST West 4 Holtby Avenue, Unit 7 1 Cottrelle Blvd, Suite Steeles Ave E Unit 13 Description Packaging of Pharmaceutical Products Retail Store Retail Store Retail Store Gourmet Burgers, Poutine, Nachos, Milkshakes Transparent & Plastic Bags Investment Group Metalworking Machinery and Parts Laboratory Services Distributers of Specialty Concrete Products 4 Brampton s new employment and new business figures are returning to prerecession totals. In 213 Brampton attracted a mix of new businesses including head office, manufacturing, distribution and retail facilities. Air Canada completed its new Operations Centre and will bring 4 new high tech jobs in January 214. D4-4 2, 1,8 1,6 1,4 1,2 1,

5 Construction Activity: New Industrial-Commercial 5,, ,, ,, ,, New Industrial Building Sq.Ft New Commerical Building Sq.Ft Number of Projects Significant New I-C Permits List2 Industrial Industrial Office Retail Retail Applicant Location Orlando Corporation 85 Heritage Road 79 Airport Road Developments Inc 79 Airport Road Canon Canada Inc. 8 Mississauga Road Brampton (Northeast) Shopping Centres Limited 585 Mayfield Road Rutherford Properties Ltd 15 Resolution Drive 5 Projects of note include Phase I of Canon Canada s new headquarters facility, Unilever Canada s new Distribution Centre and continued investment in speculative (spec) construction by Orlando Corporation. Construction Value Square Feet Use $43,, $42,, $42,364,9 $11,, $8,65,35 92,18 Spec Industrial Building 744,922 Unilever Canada Distribution Centre 25,13 Canon Canada Headquarters 154,512 Wal-Mart 17,534 Wal-Mart D4-5 1,, Building Type Brampton had 31 new Industrial/Commercial (I-C) projects commence construction in 213, adding close to 2.5 million square feet of new floor space.

6 Construction Activity: Industrial-Commercial Expansion 7, , , , , , Industrial Building Expansion Sq.Ft. Significant Expansion I-C Permits List Commerical Building Expansion Sq.Ft Number of Projects Orlando Corporation added close to 14, square feet to Excel Logistics and Sota Glazing joined two existing industrial buildings on Van Kirk Drive with a two storey office addition. D , Brampton had 11 Industrial/Commercial (I-C) expansion projects start construction in 213, adding over 27, square feet of floor space. 2 Building Type Applicant Location Construction Value Square Feet Use Industrial Industrial Industrial Industrial Retail Industrial Orlando Corporation Vankirk78 Inc Canada Inc Dependable Truck & Tank Repairs Ltd Ontario Inc. Kathleen Troost 1 Sandalwood Pkwy W 8 Van Kirk Drive 131 East Drive 275 Clarence Street 28 Rutherford Road South 49 Rutherford Road South $7,, $1,, $2,5, $1,725, $325, $9, 138,919 33,844 31, 18,299 15,339 7,599 Excel Logistics Sota Glazing Action Force Transport Dependable Truck & Tank Repairs Teletime Superstore Peel Plastic Products Limited 6

7 Construction Activity: Institutional 2,, ,8, 1,6, 26 1,2, 8, 3 3 1,4, 1,, , 5 2, New Institutional Building Sq.Ft Institutional Building Expansion Sq.Ft Number of Projects New projects included three schools, a place of worship and a paramedic satellite station while additions to existing facilities included nine schools three fire stations and two places of worship. Significant Institutional Permits List2 Applicant Location Construction Value Square Feet Use Peel District School Board 1 Pinestaff Road $15,34,6 49,665 Walnut GrovePublic School Peel District School Board 4 Ross Drive $14,84, 47,437 Springdale 73 Public School Peel District School Board 1125 Chinguacousy Road $14,6, 45,37 Fletcher's Meadow #7 Public School The Corporation of the City of Brampton 1975 Williams Parkway $16,5, 2,6 Williams Pkwy Ops Centre & Works Yard Dominus/Citizen Brampton SWQRP Inc. 33 Queen Street West $3,645,4 17,836 New Shell building The Corporation of the City of Brampton 1775 The Gore Road $4,3, 13,746 Fire Station No D , 24 Brampton had 26 institutional projects start construction in 213, totaling close to 288, square feet of floor space.

8 213 Residential Activity Single-Detached Average Home Prices1 Resale Activity by Type3 (YTD Dec) New Home Prices (Single-Detached) YTD Dec 213: $ 576,924 YTD Dec 212: $ 562,491 Resale Prices (Single-Detached) December 213: $ 53,346 December 212: $ 474,46 New Single Detached Units by Price2 (YTD Dec) 6, Att/Row/Townhouse 1, 542 Condo Apt Townhouse Semi-Detached 8, Multiple Unit Building Other , 1, , <$45, 17.3% Resale activity by type of dwelling was generally on par with 212 with a slight increase over the previous year. 3, 4, 2, 36 3, ,486 4,479 2, $55, to $649, % SemiDetached Detached 6, $8, + 4.2% $65, to $799, % 572 5, Detached 213 residential activity saw increases to average home prices for both new homes and resale. 1, $45, to $549, % 1, In 213 new home starts by type saw a significant decrease over 212 in all categories with the exception of Townhouse dwellings. Detached dwelling starts were down over 6 per cent from the previous year. D4-8 Average Home Prices - Resale YTD Dec 213: $ 42,847 YTD Dec 212: $ 44,14 New Units by Type Building Starts4 (YTD Dec)

9 213 International Business Strategy D4-9 As part of its International Business Strategy, in 213 the Economic Development Office participated in trade missions to Brazil, Spain, Germany, Hong Kong, India and the Philippines. Inbound missions saw Economic Development host seven delegations from China, two from Turkey and one from India. Outbound Missions Inbound from China Inbound from India Inbound from Turkey 9

10 Population Market Demand Top 15 Largest Canadian Cities1 Rank 211 Rank 26 2,615,6 2,53, Montréal 1,649,519 1,62, Calgary 1,96, , Ottawa 883, , Edmonton 812,21 73, Mississauga 713, , Winnipeg 663, , Vancouver 63,52 578, Brampton 523, , Hamilton 519,949 54, Québec City 516, , Surrey 468, , Laval 41, , Halifax 39,96 372, London 366, , Brampton is the 9th largest city in Canada (Brampton ranked 11th in 26); 4th largest in Ontario; and 3rd largest within the Greater Toronto Area. 2 Brampton 3 Year Population Growth and 2 Year Projection With Percentage Change over Previous Census 738, 8, 6, 433,86 4, 2, 3 149,9 188, , , , , % 5.% 4.% 3.% 2.% 1.%.% 231 Census Year Population 1 % Population Change over previous Census D4-1 Toronto In May, 211, Statistics Canada commenced the 211 Census of Population and the 211 National Household Survey (NHS). Conducted every five years, the Census survey collects demographic and linguistic information on every person living in Canada. % Change Population % Population 211 Population Municipality

11 NHS Demographics 2, 4,7 42,89 34,48 34,14 3,72 15,495 4, 8,915 6, 39,54 Brampton's Immigrant Population by Period of Immigration Before to to to to to 2 21 to to 211 Over the past 5 years (Census periods from 1961 to 211), a total of 237,965 people immigrated to Brampton. Of the total recent immigrants who arrived between 26 and 211, the majority (52.49 per cent or 21,365 persons) arrived from India, followed by Philippines (6.78 per cent or 2,76 persons) and Pakistan (6.31 per cent or 2,57 persons). Immigration Characteristics Canadian-born population Foreign-born population Non-permanent residents Total ,11 263,67 4, ,315 % of Total 48.55% 5.58%.87% 1% ,8 26,19 3,35 431,575 Absolute Chg, ,3 57,48 1,23 89,74 %Chg, % 27.88% 37.22% 2.79% 11 18,54 19,46 24,3 27,78 33,61 34,65 38,23 5,355 62,29 2, 15, 1, 5, 159,6 Top 1 Ethnic Origins in Brampton, 211 (Total Population) In 211, per cent (down from per cent in 26) of Brampton s population were Canadian-born, 5.58 per cent (up from per cent in 26) were foreign-born (immigrant population) and.87 per cent were non-permanent residents in 211. Brampton saw 29 different ethnic origins reported in the 211 NHS. Brampton s top ten ethnic origins from 211 and 26 are provided below. In 211, East Indian, the most frequent ethnic ancestry reported, accounted for 3.61 per cent of Brampton s total population. D4-11 Brampton s Population by Immigration, 26 and 211

12 NHS Demographics (continued) Brampton - Employed labour force by age groups Brampton Labour Force by Occupations Unique to primary industry 2,35 14, 129,685 12, Art, culture, recreation and sport 4,425 1, Health occupations 11,415 21,425 57,34 4, Natural and applied sciences and related occupations 18,14 2, 32,37 29,445 5,755 Management occupations Unique to processing, manufacturing and utilities 15 to 24 years 27,215 Trades, transport and equipment operators and related occupations 5,21 Sales and service occupations 61,54 Business, finance and administration occupations 51, ,54 1, 2, 3, 4, 5, 6, 7, to 34 years 35 to 54 years 55 to 64 years 65 years and over The largest segment of the labour force was years old, accounting for 73.4 per cent of the work activity. Brampton s Labour Force Activity, 26 and 211 Change 26- Change (%) Labour Force Activity Total population - 15 years + 74, % 332,235 46,95 In the labour force 4, % 24, ,25 Employed 29, % 225,8 254,595 Unemployed 1, % 15,95 26,65 Not in the labour force 34, % 91,25 125,655 Participation rate % 69.1% Employment rate % 62.6% Unemployment rate.3 6.6% 9.5% D4-12 Brampton s labour force grew from 24,985 in 26 to 281,25 in 211, an increase of 4,265 persons or 16.7 per cent during the five year period. 8, 6, Social science, education, government service and religion According to the 211 NHS, the largest occupational group in Brampton was Sales and service occupations which accounted for 61,54 workers or 22.7 per cent of all occupational groups.

13 NHS Demographics (continued) Median after-tax income in 21 $73,751 $4, $3, $29,697 $5, $5,872 $6, $73,45 $7, $77,954 $8, $2, $1, $All economic families Couple families Lone-parent families Brampton Ontario Other economic families Persons not in economic families Canada Total Private Households and Average Household Income $78,63 $83,379 $89,1 $1, 81,8 97,55 125, ,27 $62,738 $63, $8, 8.% $6, 6.% $4, 4.% $2, 2.% $ Total Private Households 1.% 18.3% 7,685 16, 14, 12, 1, 8, 6, 4, 2, Brampton - Homeownership Rate Avg. Household Income 81.7% 28.4% 3.6% 71.4% 69.% Ontario Canada.% Brampton (CY) Owner 13 Renter The average household income in Brampton was $89,1 in 21, up 6.8 per cent from $83,379 in 25, above the national average of $79,12 and provincial average of $85,772. D4-13 According to the 211 National Household Survey, the average beforetax family income was $93,817 and the median before-tax family income was $82,935. The average after-tax family income was $81,66 and median aftertax family income was $73,45. The aggregate total income for Brampton was $13.3 billion in 21. $9, The number of households in Brampton was 149,27. The homeownership rate in Brampton was 81.7 per cent - higher than the Ontario homeownership rate of 71.4 per cent. Number of tenant households in Brampton was recorded at 27,255.

14 Electronic Resources Websites Small Business Enterprise Centre (SBEC) Tourism Brampton Brampton Maps Property Tax Account Information Building Permit Information Sign Permit Information Social Media Economic Development Office on Twitter Bramfacts T.V. LinkedIn 14 D4-14 Economic Development Office (EDO)

15 The Economic Development Office EDO Mission: Strategic initiatives: Attract and Support Knowledge-based jobs Increase Domestic and Foreign Direct Investment Expand the Inventory of Lifestyle Amenities Prosperity through Creative Economy, Tourism and Sport 15 D4-15 Strengthen Brampton s outstanding quality of life by encouraging economic growth, innovation and entrepreneurship that enhances the City s brand and residents lifestyles.

16 Sources (Endnotes) Construction Activity: Institutional (page 7) 1. City of Brampton Building Division, compiled by City of Brampton Economic Development Office 2. City of Brampton Building Division 212 Residential Activity (page 8) 1. Canada Mortgage and Housing Corporation, Dec 213 and Toronto Real Estate Board, December Canada Mortgage and Housing Corporation, December Toronto Real Estate Board, December City of Brampton Building Division, December 213 Brampton New Employment and Business (page 4) 1. City of Brampton Economic Development Office 2. City of Brampton Economic Development Office Population Market Demand (page 1) 1. Statistics Canada, 211 Census 2. Statistics Canada, 211 Census 3. Brampton City-Wide Population and Employment Forecasts, 29 Construction Activity: New Industrial-Commercial (page 5) 1. City of Brampton Building Division, compiled by City of Brampton Economic Development Office 2. City of Brampton Building Division NHS Demographics (pages 11 to 13) 1. Statistics Canada, 211 National Household Survey 2. Statistics Canada, 211 National Household Survey 3. Statistics Canada, 211 National Household Survey 4. Statistics Canada, 211 National Household Survey 5. Statistics Canada, 211 National Household Survey 6. Statistics Canada, 211 National Household Survey Construction Activity: Industrial-Commercial Expansion (page 6) 1. City of Brampton Building Division, compiled by City of Brampton Economic Development Office 2. City of Brampton Building Division 16 D4-16 Economic Indicators (page 3) 1. City of Brampton Economic Development Office 2. Statistics Canada Labour Force Survey, December 212- December City of Brampton Building Division, December Monthly MarketWatch (Toronto Real Estate Board) December GTA Q4 213 Industrial Statistics - (Colliers International) 6. Labour Force Survey Statistics Canada, G19_24_M3M, Peel 7. GTA 21 Industrial Statistics - (Colliers International) Q4-213 Office Statistical Cushman & Wakefield Ltd.

17 Economic Development Office D Wellington Street West, 2nd floor Brampton, ON Canada L6Y 4R2 T: F: E: edo@brampton.ca W: brampton.ca/b-more 17