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 |
$10,171,329 |
$13,493,050 |
Average House Price2 |
$522,399 |
$539.738 |
Housing Permits (Single |
214 |
14 |
New Industrial, Comm. and |
602,949 |
859,527 |
Unemployment Rate |
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.