On October 8, 2025, the City of Hamilton surpassed $2 billion in construction value for building permits issued this year. This is the third time since 2021 the City of Hamilton has hit the $2 billion mark. This year’s record was reached five days earlier than the previous record set in 2023, making it the new benchmark.

The over $2 billion construction value represents 4038 building permits and is composed of:

• 67 per cent residential permits (75 per cent of the overall construction value),
• 12 per cent industrial/commercial permits (16.5 per cent of the overall construction value),
• 2 per cent institutional permits (7.5 per cent of the overall construction value), and
• 19 per cent miscellaneous permits (1 per cent of the overall construction value), including signs, demolitions, fire repair, tents, sewage systems, protective plumbing.

Notably, 3417 dwelling units have been issued as of October 8, 2025 – the highest number on record by this date.

Residential projects continue to make up the majority of building permits that the City issues. These projects add to the housing supply across the City, driving economic growth and creating jobs

“Hamiltonians are feeling the pressure of the housing crisis – it’s clear we need more homes people can afford, and we need them built faster,” said Mayor Andrea Horwath. “At the same time, Hamilton’s strong industrial growth is creating new jobs and strengthening our local economy. By streamlining development processes, removing barriers, and implementing new measures such as development charge exemptions, we’ve unlocked stalled projects and spurred new investment. Surpassing the $2 billion milestone reflects that momentum, it’s proof that Hamilton is growing, attracting opportunity, and building a city where everyone can thrive.”