Comment 72953

By ScreamingViking (registered) | Posted January 10, 2012 at 23:40:28

Did my own "back of envelope" inflation adjustments to the historical table you linked to, which looked like it was probably in nominal dollars (simply assumed a 2.5% rate). If not, what I've written below is bunkum.

Overall, not a great year, similar to 2009 in terms of total value.

Industrial is way down, well below the real average from 2001-2010 and about half the previous worst year of 2004. I would think continued economic uncertainty is the biggest reason for that. But 2012 will massively benefit from the Maple Leaf plant (and perhaps more, as noted in The Spec today about the "unidentified company" in the ML supply chain that the city is wooing)

Institutional permits are still quite high, a trend of the last 3 years that also applies to Miscellaneous (which is where the new stadium will probably fit this year?). Residential, while down, is still about average, as is commercial.

One important thing to note - from the historical data there is a huge jump between 2000 and 2001 which I would bet is due to amalgamation. Prior to that, the city numbers probably reflect the old City of Hamilton alone.

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