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Town of Milton: Q1 2015 economic results


  • May 15, 2015
  • John Rich

A Town of Milton Economic Development report indicates industrial activity started strong in the first quarter of 2015 and projections are looking favourable for the rest of the year. Commercial activity is on par with last year's quarter and should see further development as the year presses on.

Indicators

Q1 2014

Q1 2015

Total Construction Value3

$125,206,109

$67,857,202

Residential Construction Value1

$82,632,910

$68,625,167

Industrial Construction Value3

$14,885,400

$54,364,152

Commercial Institutional
Construction Value3

$10,171,329

$13,493,050

Average House Price2

$522,399

$539.738

Housing Permits (Single
Family Units)1

214

14

New Industrial, Comm. and
Inst. Space (sq.ft.)3

602,949

859,527

Unemployment Rate
(Toronto CMA)4

8.0%

7.0%

SOURCES:
1. Monthly Building Report, Town of Milton Planning Department, Month End April 2015.
2. Toronto Real Estate Board, Market Watch Report April 2014, April 2015.
3. Economic Development Office, Town of Milton.
4. Labour Force Characteristics, Seasonally Adjusted, by Census Metropolitan Area 3 Month Moving Average Toronto CMA. March 2014, March 2015.