annual economic report 2003 - brampton in west brampton, inox industries and taro pharmaceuticals...
TRANSCRIPT
2003 – A Year for Continued GrowthTrends in local and national economies and real estate impact the City of Brampton everyyear. The Brampton Economic Development Office keeps an eye on these trends and howthey’re shaping our city. The insights we gather, we strive to share with you.
One insight is that Brampton is a big city, and it’s growing bigger every year. In fact, Brampton isquickly bearing in on Canada’s Top Ten. Which means that in order to serve you best, we haveto think, behave, and deliver like a big city Economic Development organization. And we are.
We effectively troubleshoot by anticipating the impact of economic and policy cycles on the localmarketplace and the municipal government. Our dedication to taking our information andresearch capabilities to the next level helps us stay on top of – and show leadership in – instantservice trends. As a result, Brampton is home to strong corporate commitment. For the past fouryears, the city has seen more than $1 billion in construction activity per year and an increasein job opportunities. And it continues to set the pace for investment activity across Canada.
2003 has set a clear and impressive benchmark for 2004. To reach it, we will continue to profile Brampton to outside industries as an attractive and prosperous location to set up shop. We will rely on our strong research program and smart relationship and network
management strategies to deliver our economic development program. And we will see the Small Business EnterpriseCentre, Tourism Brampton, and the Film Liaison Team flourish as demand for their services grows.
With its success and growth over the past four years, Brampton now owns and portrays a strong and resilient brand. Our goal is to continue to nourish that brand and watch it grow by expanding our services, resources, and support to our residents, business partners, and industry investors.
We take pride in making things happen for you. We are especially proud of ourdedicated Economic Development staff who provide you with the expertise andleadership you need to get the job done. Call us for project assistance or for moreinformation. And experience how we take care of business everyday.
Dennis Cutajar, Executive DirectorEconomic Development & Public Relations
CONTENTSINDUSTRIAL MARKET OVERVIEW 2-5STATSLand PricesNew Industrial ProjectsBuilding TransactionsOther News
COMMERCIAL MARKETOVERVIEW 6-8StatsTotal Commercial ValueOther News
RESIDENTIAL MARKET OVERVIEW 9-10StatsTotal Residential ValueHousing PricesOther News
COMMUNITY DEVELOPMENT OVERVIEW 11NewsAwards
Total Construction Value in Canada 2003Ranked by Dollar Value The following table ranks total building activity across the country
Rank City Construction Value (’000s)1. Toronto, C $3,725,9792. Calgary, C $2,441,2503. Montréal, V $2,131,9984. Brampton, C $1,781,2255. Ottawa, C $1,576,4346. Mississauga, C $1,476,4917. Vaughan, C $1,061,2798. Edmonton, C $1,043,1649. Vancouver, C $1,011,13610. Surrey, C $957,30811. Markham, T $722,70612. Québec, V $706,43313. Oakville, T $703,87514. Hamilton, C $657,02315. Winnipeg, C $630,426
Source: Statistics Canada, Catalogue no. 64-001-XIE, Revised Annual 2003
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INDUSTRIAL MAWith 2003 industrial construction back up to 1998-2000 levels and an impressivefourth place finish overall in national industrial construction rankings, Bramptoncontinues to be the location of choice for investment. New industrial building activ-ity showed an increase of 125 percent ($97.2 million) while expansions jumped132 percent ($59.5 million) over 2002 levels.
Brampton’s five main industry sectors; Advanced Manufacturing, Food & Beverage, LifeSciences, Information & Communication Technology and Retail Administration & Logistics,all experienced substantial growth in 2003. DaimlerChrysler’s $1.4 Billion investment inthe Brampton Assembly Plant, General Mills Canada’s 443,000 square foot distributionfacility in west Brampton, Inox Industries and Taro Pharmaceuticals growth and expansion,Brampton’s CaseBank Technologies identified as a Canadian Innovation Leader by theNational Research Council of Canada (NRC), and Clorox of Canada’s new head office anddistribution facility are good examples of the importance of these key sectors.
Brampton continues to benefit from its locational attributes in the GTA, logistical access tokey markets, competitive land and market rates, skilled labour pool, a high quality of lifeand a city committed to fostering a dynamic and prosperous economy.
Brampton Salutes Reinvestment in our FutureBrampton’s corporate leaders continue to show confidence in a highly competitive market. DaimlerChrysler’s announcement of a $1.4 Billion (Cdn)investment to launch the new Chrysler 300 Series and Dodge Magnum at itsBrampton Assembly Plant is representative of this confidence.
Brampton’s strong automotive sectoralso saw continued expansion and rein-vestment from Benteler Automotive’s126,000 square foot addition at 9195Torbram Road, the ABC Group adding70,000 square feet at 303 OrendaRoad, Royal Laser Tech’s 61,000 squarefoot expansion at 1995 WilliamsParkway and both Collins & Aikmanand SKD Brampton again expanding.
Food and beverage production also saw growth from Santa Maria Foods,Maplehurst Bakeries, European QualityMeat and Galco Foods who added an average of 5,000 square feet to each oftheir facilities in Brampton.
Other notable reinvestment includedRecall Total Management adding 70,000
square feet at 50 Driver Road, APLLogistics adding 60,000 square feet at 190Summerlea Road, Kord Products’ 55,000square feet at 390 Orenda Road, andSimpson Strong Tie Connectors expand-ing by another 54,000 square feet.
All together, these reinvestments totalled close to $60 million and added950,000 square feet of industrial space to Brampton’s inventory. Upcoming reinvestment news includes MorguardInvestments’ announcement of a redevel-opment and expansion plan to the formerAMC plant in south central Brampton.Known as the Steeles & RutherfordBusiness Park, Morguard plans to begindevelopment with three new buildings onthe east half of the site totalling 350,000square feet on 22 acres in 2004.
Speculative IndustrialDevelopment UpdateBrampton’s continued speculative develop-ment serves to punctuate an impressiveindustrial construction market. In 2003,Brampton’s best year to date in total con-struction activity, a quarter of the industrialconstruction market was speculative; closeto 1 million square feet developed over 55 acres of industrial land, totalling $36 mil-lion in investment. Since 2000, Brampton’sspeculative industrial market has added 3.6million square feet on 300 acres totallingover $125 million in construction investment.
Menkes lead the speculative pack withthree projects (12 Baker Road, 5Intermodal Drive and 165 Orenda Road)translating to almost 250,000 square feet.A Mantella & Sons added 115,000 squarefeet to 300 Kennedy Road South, attract-ing sporting goods supplier HuffyCorporation and more recently NationalCable Specialists. Northlea Corporation’s83,000 square foot speculative facility at 7Kenview Boulevard is the new home ofYazaki North America, a world leader in automotive electronics. Other notablespeculative developments include TexranInvestment’s 195,000 square foot buildingat 7649 Bramalea Road, GPM’s 173,000square foot Parkhurst Square project,Acapella Land Corporation’s 90,000square feet at 100 Westcreek Boulevard.
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RKET OVERVIEW
Brampton Indicators2003 2002 Variance (03/02)
Total New Employment 2,100 2,664 -21.2%Total New Business 260 172 51.2%Unemployment Rate (Toronto CMA) 6.7% (Dec only) 6.7% (Dec only)Average Active UIC Claims 7,192 (Dec only) 7,269 (Dec only) -1.1%Total Construction Value $1,791,423,430 $1,418,061,675 26.3%Residential Construction Value $1,365,921,140 $1,088,675,499 25.5%Industrial Construction Value $190,848,340 $90,658,107 110.5%Commercial Construction Value $108,852,477 $69,078,873 57.6%Housing Resale Activity 11,055 9,749 13.4%Average House Price $242,119 $223,028 8.6%Housing Permits (units) 6,670 6,367 4.8%
Industrial Vacancy Rates (4th Qtr.) 1.6% 3.1% -48.4%
Source: Brampton Economic Development Office, Jan 04
Industrial Building Permit Addition Summary 2003Applicant Location Permit Type Value Sq Ft Date UserCanadian Waste Services Inc. 117 Wentworth Crt Addition $5,000,000 16,222 Jan Canadian Waste ServicesTaro Pharmaceuticals Canada Inc. 130 East Dr Addition $105,000 5,181 Jan Taro PharmaceuticalsAirport 407 Business Campus Inc. 10 Pedigree Crt Addition $70,000 83,352 Jan Carina Furniture Industries1201258 Ontario Inc. 14 Automatic Rd, Unit 30, 31 Addition $50,000 1,539 Jan Med Science91 Delta Park Holdings Inc. 91 Delta Park Blvd, Unit 2 Addition $40,000 1,604 Jan C & A WarehousingIKO Industries 71 Orenda Rd Addition $17,000 538 Jan IKO IndustriesThe Region of Peel 4137 Mayfield Rd Addition $17,500,000 1,378 Feb North Brampton Pumping StationCanroof Corporation Inc. 309 Rutherford Rd Addition $2,100,000 19,710 Feb Canroof CorporationHoopp Realty Inc. 9195 Torbram Rd, Unit 2 Addition $1,900,000 125,974 Feb Benteler AutomotiveCanadian Waste Services Inc. 117 Wentworth Crt Addition $250,000 16,760 Apr Canadian Waste ServicesA Mantella & Sons Ltd. 300 Kennedy Rd S Addition $5,848,315 114,456 Apr Tenant UnknownPar Pak Ltd. 26 Victoria Cres Addition $120,000 1,839 Apr Par Pak LimitedAir Liquide Canada Inc. 1700 Steeles Ave E Addition $100,000 258 Apr Air Liquid Canada Inc.NMC Canada Inc. & 2515080 Nova Scotia 40 Holtby Ave Addition $75,000 685 Apr SKD BramptonBrampton Hardwood Floors Limited 59 Bramalea Rd Addition $61,400 1,102 Apr Brampton Hardwood FloorsSummerlea Clark Road Inc. 165 Summerlea Rd Addition $50,000 3,186 Apr York WarehousingKord Products Inc. 390 Orenda Rd Addition $2,786,000 54,523 May Kord ProductsTexran Enterprises Inc. 7657 Bramalea Rd Addition $200,000 1,999 May Collins & AikmanPar Pak Limited 26 Victoria Cres Addition $76,000 1,776 May Par Pak LimitedCostco Wholesale Canada Limited 8495 Goreway Dr Addition $20,000 3,036 Jun Costco Distribution WarehouseMenkes Brampton Holdings Inc. 12 Baker Rd Addition $3,000,000 100,614 Jun Tenant UnknownAirport 407 Business Campus Inc. 50 Driver Rd Addition $2,100,000 69,677 Jun Recall Total Management733907 Ontario Ltd. 14 Westwyn Crt Addition $285,600 5,124 Jun European Quality MeatsHydroform Solutions 1995 Williams Pkwy Addition $3,000,000 61,249 July Royal Laser Tech CorporationRoberts Company Canada Limited 2070 Steeles Ave E Addition $1,600,000 41,823 July Roberts Company Canada LimitedGG & D Properties Limited 60 Summerlea Rd Addition $900,000 24,596 July Inox IndustriesBeatrice Foods 16 Shaftsbury Ln Addition $120,000 915 July Parmalat CanadaNorwall Group Inc. 1055 Clark Blvd Addition $70,000 495 July Norwall Group Inc.Pension Fund Realty Limited 5 Precidio Crt Addition $250,000 6,889 Aug Acco BrandsCanadian Waste Services Inc. 117 Wentworth Crt Addition $220,000 237 Aug Canadian Waste ServicesVan Der Graaf Inc. 2 Van Der Graaf Crt Addition $700,000 9,015 Sept Van Der Graaf Inc.392285 Ontario Limited 8 Bram Crt Addition $10,000 312 Sept Vital AireCooperative Federee De Quebec 320 Orenda Rd Addition $482,000 3,606 Oct Galco FoodsMike Schmidt Holdings Ltd. & Ben Elgner Holdings Ltd. 303 Orenda Rd Addition $3,500,000 70,689 Oct ABC Group376082 B. C. Limited 30 Midair Crt Addition $1,000,000 26,954 Oct Lochers Evers International3535886 Canada Inc. 87 Glidden Rd Addition $550,000 19,548 Oct Argo SteelHoopp Realty Inc. 9195 Torbram Rd, Unit 2 Addition $20,000 861 Oct Benteler AutomotiveMinuk Developments Inc. 5 Kenview Blvd Addition $1,500,000 53,541 Nov Simpson Strong-Tie ConnectorsSanta Maria Foods Corporation 10 Armthorpe Rd Addition $350,000 6,426 Nov Santa Maria Foods2007916 Ontario Inc. 2350 North Park Dr Addition $30,000 4,343 Nov Harman TransportCase Canada Corporation 190 Summerlea Rd Addition $2,850,000 60,151 Dec APL LogisticsWeston Foods Inc. 379 Orenda Rd Addition $350,000 4,004 Dec Maplehurst BakeriesSarasota Investments Limited 21 Selby Rd Addition $160,000 4,082 Dec Alston Cartage LtdBasran Sarabjeet 2575 Steeles Ave E, Unit 4 Addition $15,000 210 Dec Kwick FicksSource: Brampton Economic Development Office, Jan 04
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INDUSTRIAL MAIndustrial Building Prices 2003Location Total Price Total Sq Ft8550 Airport Rd, 1615 Clark Blvd & 40 Summerlea Rd $24,875,000 505,45030 Bramtree Crt $14,943,316 238,813195 Walker Dr $12,681,056 333,7131895 Williams Pkwy E $12,500,000 159,5062 Shaftsbury Lane $8,530,400 174,00027 Automatic Rd $5,125,000 31,730325 Orenda Rd $4,947,677 113,721230 Orenda Rd $4,700,000 100,000152 East Dr $4,700,000 99,552170 Steelwell Rd $4,200,000 54,11668 Eastern Ave $3,395,231321 Orenda Rd $3,352,323 45,7608 Abacus Rd $3,262,708 64,5962090 Steeles Ave E $2,725,000 42,00014 Tilbury Crt $2,700,000 44,039Airport Rd $2,500,000106 Summerlea Rd $2,496,000 34,00070 West Dr $2,315,000 32,1578 Chelsea Ln $1,600,000 32,754220 Clarence St $1,425,000 19,400110 Rutherford Rd S $1,230,000394 Deerhurst Dr $1,230,000 17,900221 Wilkinson Rd $1,120,000 18,000125 Nuggett Crt $1,045,000 11,182Total $127,598,711 2,172,389Average $/square foot $58.74Source: Marsh and Brampton Economic Development Office, Jan 04(Transaction > $1 million)
Total Industrial Value in Canada 2003 The following table ranks total building activity across the countryRank City Construction Value (’000s)1. Toronto, C $227,3682. Vaughan, C $199,5253. Mississauga, C $190,2644. Brampton, C $154,2235. Montréal, V $104,2486. Oshawa, C $92,8317. Oakville, T $82,1198. Calgary, C $80,8599. Hamilton, C $57,03810. Cambridge, C $43,00211. Burlington, C $39,03812. London, C $38,53213. Edmonton, C $36,81014. Trois-Rivières, V $32,08715. Halifax, RGM $30,781Source: Statistics Canada, Catalogue no. 64-001-XIE, Revised Annual 2003Compiled by the Brampton Economic Development Office
New Industrial Projects 2003Applicant Location Permit Type Value Acres Sq Ft Date UserD & S Gill Investments Inc. 7 Kenview Blvd New $4,263,325 3.72 83,439 Apr Tenant Unknown200791 Ontario Inc. 2350 North Park Dr New $198,000 1.30 3,960 Apr Harman TransportTexran Enterprises Inc. 7649 Bramalea Rd New $6,000,000 8.77 194,656 May Tenant UnknownAcapella Land Corporation 100 Westcreek Blvd New $4,617,800 5.03 90,377 May Tenant UnknownGiffels Developments Inc. 350 First Gulf Blvd New $4,500,000 5.93 118,267 Jun ArvinMeritor Inc.Hopewell Development Corp. 9250 Airport Rd New $18,600,000 23.82 557,643 July Best Buy Distribution WarehouseFirst Gulf Business Park Inc. 150 Biscayne Cres New $15,000,000 24.90 334,596 July Clorox of CanadaOrlando Corporation 100 Edgeware Rd New $12,500,000 21.29 443,154 July General Mills Canada1485873 Ontario Ltd. 13 Automatic Rd New $1,900,000 2.66 37,804 July Brampton Plate &
Structural Steel Rolling Inc.Sun Pac Development Inc. 145 Sun Pac Blvd New $900,000 4.15 27,701 July Tenant UnknownMenkes Brampton Holdings Inc. 165 Orenda Rd New $1,800,000 18.19 57,057 July Tenant UnknownMetrus Properties Limited & Kizzmar Developments Inc. 389 Deerhurst Dr New $1,200,000 19,395 Sept Tenant Unknown1554517 Ontario Inc. 30 Lethbridge Dr New $1,100,000 3.70 11,281 Sept Canamex Trucking System Inc.United Association Local Union 787 419 Deerhurst Dr New $21,700 2,596 Sept Local Union 787Eden Oak Industrial Inc. 10 Auction Ln New $3,400,000 16.73 100,000 Oct Nolan TransportationParadise Homes Mahogany Inc. 24 Neopolitan Rd New $800,000 376 Oct Paradise Homes Mahogany Inc.
(Temporary Pumping Station)The Region of Peel 38 Edvac Dr New $12,000,000 49,333 Nov Pumping Station reservoir (temp. address)Menkes Industrial Holdings Inc. 5 Intermodal Dr New $3,000,000 5.21 87,223 Nov Tenant UnknownPM Real Property (9) Limited and Mondow (9) Inc. 350 Parkhurst Sq New $5,400,000 8.03 173,315 Dec Tenant Unknown
Source: Brampton Economic Development Office, Jan 04
Industrial Land Prices 2003Location Total Price Total AcresIntermodal Dr $11,589,564 41.24Intermodal Dr $7,998,805 28.986Precidio Crt $6,268,561 16.555Auction Ln $4,329,000 16.72Parkhurst Sq $3,010,500 7.894Railside Dr $2,001,220 6.726Van Kirk Dr $1,632,120 3.886141 Clarence St $1,050,000 2.4162847 Embleton Rd $1,000,000 10.38Total $38,879,770 134.803Average $ / Acre $288,419Source: Marsh and Brampton Economic Development Office, Jan 04(Transaction > $1 million)
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ABB/Braintech PartnershipSecures Contracts with Delphi and Ford Brampton’s ABB and North Vancouver’sBraintech Inc. partnered to create VisionGuided Robotics (VGR) systems. This revo-lutionary system combines the best ofrobotic technologies to bring the real benefits of lower production costs and quality improvements. Delphi will be usingthis new system for the picking and assem-bly of axle brake parts. Ford will be usingthis system for the picking and assembly ofheavy engine parts. ABB is a leader inpower and automation technologies thatenable utility and industry customers toimprove performance while lowering environmental impact. The ABB Group ofCompanies operates in more than 100countries and employs 139,000 people.
Millard Refrigerated Services Builds FirstCanadian Facility in BramptonOmaha Nebraska based Millard Refrigerated Services,one of North America’s largest providers of refrigeratedservices, announced they will be developing a 400,000
square foot facility at the north-east corner of Goreway Drive and Highway 407. Thefacility will be Millard’s first Canadian facility.
Millard has developed a network of over 27 state-of-the-art distribution centres inkey population and geographic centres throughout North America. This facility willbring Millard’s total real estate holdings to approximately 7 million square feet ofwarehouse and production space.
ArvinMeritor Inc. ConsolidatesOperations in Brampton
ArvinMeritor moved into a new120,000 square foot facility at350 First Gulf Boulevard.ArvinMeritor Inc., headquar-tered in Troy Michigan, is a global supplier to the automo-tive industry providing a broadrange of integrated systems,
modules and components to leading OEMsincluding Daimler Chrysler, GM and Ford.Constructed by Giffels Design Build, the $4.5 million facility consolidated three opera-tions previously located in Brampton andMississauga. This investment has created 52new jobs in Brampton.
Noranda Expands Electronic Recycling Business Into CanadaNoranda Inc. announced on March 5,2003 that it was investing in a new elec-tronic hardware recycling facility inCanada. The state-of-the-art operation,the only one of its kind in Canada, islocated in a new 82,200 square-footindustrial facility.
The expansion is a direct response toincreasing volumes of end-of-life elec-tronics in Canada. Capital investment inthe project is expected to be $3 millionand will create 20 new jobs during initialstart-up. Noranda’s Brampton recyclingfacility enhances the company’s commit-ment to environmental sound recyclingof end-of-life electronics.
Clorox of Canada Head Office Comes to BramptonClorox of Canada’s head office and logistics will operate out of a new 335,000 square footfacility at 150 Biscayne Crescent in the Orion Gate Business Park. First Gulf DevelopmentCorporation entered into a design/build/lease agreement with The Clorox Company. The$22 million facility employing 200 is scheduled for completion in March 2004.
RKET OVERVIEW
New Centre for Advanced Manufacturing and Design Receives Go Ahead FundingThe Sheridan College Institute of Technology and Advanced Learning’s Davis Campus in Brampton will be the homeof a multi-million dollar Centre for Advanced Manufacturing and Design Technologies. The Honourable Joe Cordiano,Ontario Ministry of Economic Development and Trade, announced that Sheridan had been selected to receive $2.9million from the Strategic Skills Investment Fund to support the Centre. Earlier in 2003, the City of Bramptonannounced that they would be designating $ 2.5 million towards the development of this project.
The Centre for Advanced Manufacturing and Design Technologies is set to open in September 2005. It will feature new academic programming that responds to the emerging needs of employers. The Centre will also initiate related applied research projects in partnership with the manufacturing industry. Manufacturing is thelargest employment sector in Brampton with over 30% of the employment being generated by this sector.
IN OTHER BRAMPTON NEWS
New Warehouse HighlightsContinued Growth for Best Buy
Best Buy’s new 558,000 squarefoot distribution centre near thenorthwest corner of AirportRoad and Queen Street East, isa key part of a centralized ware-housing plan for both the BestBuy and Futureshop brands.This facility, physically linked
with an adjacent 440,000 square footFutureshop warehouse will serve as BestBuy’s Eastern Distribution Centre servingcentral and eastern Canada and will enablethe corporation to take advantage ofreduced costs, equipment and duplicationof efforts. The Best Buy facility, part of theHopewell Distribution Campus, was thelargest industrial project undertaken inBrampton in 2003.
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COMMERCIALMAThe commercial sector of Brampton continued to grow in 2003. Bramptonhas risen from 18th in total value of commercial building permits in 2002 to11th in 2003, just behind Vancouver. A total of 980,000 square feet worth ofcommercial building permits were taken out in 2002, totalling $75.5 million.That is up $27.7 million or 36% from 2001.
The retail sector of the Brampton economy has been growing steadily to keep up with theincreasing residential demands from across the city. With an additional $20.8 million of newretail space, as well as the Bramalea City Centre committing to a $30 million renovation project beginning in late 2004, the city continues to provide increased retail investments.
The City of Brampton continues to support a greater commercial sector as the growth ofthe city’s population matures and expands.
RetailRetail continues to grow steadily in Brampton, keeping up with the city’s residential surge.To meet the demand, existing shopping centres are maximizing their sites by creatingcapacity for pad developments and new centers are sprouting across the city.
First Gulf’s, Fletcher’s Meadow is a new,one-level neighbourhood shopping centeranchored by Fortino’s and located atHighway 7 and Brisdale. This 225,000square-foot shopping centre is home to anumber of new businesses, including theLCBO, Vanderburgh Florists, Subway, TDCanada Trust, and Pizza Pizza.
On Hurontario Street, another new shop-ping center — Main Street Village South —has popped up, bringing an eclectic mix ofbusinesses to its 21,000 square foot facility.Among its tenants are two franchises new tothe city: Cora’s Restaurant and Booster Juice.
One of the most exciting retail develop-ment initiatives of 2003 was the announce-ment by Morguard Investments Limited tobegin a $30 million renovation of the 1.2million square foot Bramalea City Centre.Scheduled for completion by December2004, the renovation will see the addition
of a 30,000 square-foot Best Buy store andan extensive interior redesign, includingnew floor tiles, ceiling tiles, entrances, andlighting fixtures. Morguard Investmentsacquired the Centre two years ago. Sincethen, it has invested more than $20 millionto upgrade infrastructure, improveambiance, and expand retail opportunities.Continuing its mission to redefine the retailexperience, Morguard Investments has alsopurchased the 410 & 7 Shopping Centre.And plans for change are underway.
RioCan Retail Value purchased BramroseSquare last year for $26.8 million.Anchored by No Frills and Sears, the235,715 square-foot plaza is located atHighway 410 and Queen Street East, on Brampton’s main commercial strip.Twenty-seven other tenants in the two one-story buildings offer a continuing hub ofshopping activity in the city.
OfficeLoblaw Companies Ltd. is coming to Brampton! The grocery giant is amalgamating its administrative functions and relocating its nationalhead quarters to the 500-acre Churchill Business Community owned by Orlando Corporation and located at Mississauga Road andHighway 407. The new head office is a $41.6 million investment and the cornerstone project in the Churchill Business Community.
Loblaw owns Loblaw Supermarkets, No Frills, Valumart, Zehrs Markets, Fortinos, Your Independent Grocer, Provigo, Atlantic Superstores,and The Real Canadian Superstore in Western Canada. Loblaw Companies Ltd. employs 119,000 nationwide.
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ARKETOVERVIEWCommercial Building Permit Summary 2003Applicant Location Permit Type Value Acres Sq Ft Date User
1387626 Ontario Limited 45 Coventry Rd New $7,532,850 2.29 62,374 Jan Monte Carlo Hotel
1493267 Ontario Inc. 11 Steeplebush Ave New $1,000,000 1.48 5,226 Jan Jaipur Bazaar Commercial Plaza
1235856 Ontario Inc. 160 West Dr New $800,000 1.92 1,829 Jan Outback Steakhouse
Petro Canada 9878 Dixie Rd New $326,190 0.91 3,046 Jan Petro Canada
123586 Ontario Inc. 152 West Dr Addition $6,000 160 Jan Tim Hortons
Toronto and Region Conservation Authority 7855 Finch Ave W Addition $10,000 200 Jan Wild Water Kingdom
Sentry Realty Holdings Limited 295 Queen St E, Suite 26 Addition $45,000 3,337 Jan Mr. Wong's Buffet
LML – 70328 225 Vodden St E Addition $12,500 160 Jan Tim Hortons
612713 Ontario Limited 194 Main St S Addition $5,000 140 Jan Tim Hortons
Adesa Auctions Canada Corporation 3365 Queen St E Addition $80,000 1,440 Feb Adesa Auctions Canada
Costco Wholesale Corporation 100 Biscayne Cres Addition $2,700,000 38,811 Feb Costco Wholesale
Mountain Springs Limited 55 Mountainash Rd Addition $1,500,000 34,532 Mar Addition to existing multi- tenant building
Imperial Oil Limited 10010 McLaughlin Rd New $875,000 1.40 5,049 Apr Esso
North American Corp Et Al 10098 McLaughlin Rd New $500,000 3.06 6,228 Apr The Royal Bank
Cabbage Patch Developments Inc. 10 Brisdale Dr Addition $300,000 333 Apr Gas bar - Fortino's
JTS Foods Limited 10178 Hurontario St Addition $400,000 6,179 Apr Tenant Unknown
Donato Fava 8550 Torbram Rd, Unit 5A Addition $85,000 1,399 Apr Dentistry on Torbram
Local 1285 CAW Building Corporation 23 Regan Rd New $832,140 1.98 11,943 May Local 1285 CAW Union Hall
Main Street Village South Limited 11 Ray Lawson Blvd New $770,700 2.12 5,531 May East Side Mario's
Costco Wholesale Canada Limited 100 Biscayne Cres Addition $185,000 1,291 May Costco Wholesale
Ironton Holdings Limited 10725 McLaughlin Rd Addition $45,000 1,001 May Tenant Unknown
Orlando Corporation 7700 Mississauga Rd New $41,626,072 24.42 597,427 Jun Loblaws Corporate Headquarter
Main Street Village South Ltd. 17 Ray Lawson Blvd New $1,197,280 2.12 16,099 Jun Tenant Unknown
2012111 Ontario Inc. 2638 Steeles Ave E Addition $2,500,000 2,530 Jun Pearson Convention Centre
Petro Canada 10565 Heart Lake Rd New $2,000,000 1.26 3,076 July Petro Canada
Acktion Capital Corp & Bramalea City Investments Inc. 100 Peel Centre Dr, Unit 8 Addition $200,000 664 July Rabba Fine Foods
Centre Fund (Brampton) Corporation 54 Quarry Edge Dr New $600,000 10,500 Aug A Buck or Two
1176909 Ontario Inc. 238 Biscayne Cres Addition $20,000 161 Aug Mandarin Restaurant
North American Corp Et Al 10068 McLaughlin Rd New $500,000 3,455 Oct KFC/Taco Bell Restaurant
City South Ltd. 7694 Hurontario St New $489,000 0.77 3,509 Oct Golden Griddle
Oshawa Property Holdings Inc. 8975 Chinguacousy Rd New $400,000 6.87 49,623 Oct Sobeys
Acktion Capital Corp & Bramalea City Investments Inc. 25 Peel Centre Dr Addition $1,800,000 24,220 Oct Bramalea City Centre
Mei Hei Chuang 143 Queen St E Addition $680,000 2,971 Oct Queen Street Medical Building
1198042 Ontario Inc. 119 Kennedy Rd S Addition $250,000 3,412 Oct Kennedy Coin Car Wash
Acktion Capital Corp & 25 Peel Centre Dr,Bramalea City Investments Inc. Unit 134 Addition $20,000 215 Oct Hair Dynasty
Riotrin Properties (Brampton) Inc. 210 Great Lakes Dr New $1,000,000 11,991 Nov Tenant Unknown
1552363 Ontario Inc. 80 Pertosa Dr New $2,400,000 34,661 Dec Tenant Unknown
1552363 Ontario Inc. 110 Pertosa Dr New $960,000 13,832 Dec Tenant Unknown
1387389 Ontario Inc. 49 Hillcrest Ave New $892,000 12,002 Dec Tenant Unknown
Source: Brampton Economic Development Office
Convention CentreThere’s a new building on the northwest corner of Airport Road and Steeles Avenue.It’s phase one of the Pearson ConventionCentre, a 54,000 square-foot facility for both corporate and social events that canaccommodate up to 2,000 people.
Downtown Downtown Brampton continues to movesteadily forward in a progressive effort tobuild on its strengths. Sixty-six new busi-nesses opened in 2003, luring another206 employees to the downtown core.
Cyclepath, the largest of eight retailersthat opened downtown last year, made asignificant impact on the commercial corewhen it renovated both the interior andexterior of a 4,750-square-foot buildingon Main Street North.
The Olde Shoe Factory (formerly theHeweston Shoe Company) also under-went extensive renovations. Today, it’shome to several loft-style offices. Withbricked interior walls and 80 year-old timbers, the building’s redesign stays trueto its original architecture and maximizesits 43,000-square-foot space to accom-modate 17 businesses. Located at 57 MillStreet North, this former factory turnedtrendy office space has restored pride inits downtown neighbourhood.
Soon to be located in the heart of thedowntown business district is thePerforming Arts Centre, an 850-seat theatre and community space for meet-ings and small performances that isalready under construction. Its spacious,multi-purpose, two-level atrium lobby willhost large meetings, conventions,public assemblies, receptions, and civicand private functions. As a cultural andtourist hotspot for the city, the new Centreis expected to attract 55,000 visitors a year. The renovation will cost an esti-mated $33.4 million, representing a significant portion of Brampton’s $55 million downtown revitalization budget.Once completed, the Centre is expectedto create 300 new and permanent jobsand $20 million in new spending overfive years.
Commercial Land Prices 2003Location Total Price Total AcresHighway 50 $9,000,000 20.121
The Gore Road $3,350,000 10
Chinguacousy Road at Highway 7 $2,200,000 2.1
175 Main St. N. $2,000,000 1.176
501 Main St. S. $1,200,000 0.52
Fernforest Drive $1,072,500 2.872
Total $18,822,500 36.789Average $ /Acre $511,634Source: Marsh and Brampton Economic Development Office, Jan 04(Transaction > $1 million)
Total Commercial Value in Canada 2003Ranked by Dollar Value
The following table ranks total buildingactivity across the country
Rank City Construction Value (’000s)
1. Toronto, C $872,323
2. Montréal, V $611,864
3. Calgary, C $510,014
4. Ottawa, C $464,507
5. Edmonton, C $253,040
6. Winnipeg, C $215,008
7. Vaughan, C $208,806
8. Québec, V $197,381
9. Mississauga, C $196,914
10. Vancouver, C $192,385
11. Brampton, C $150,89112. Laval, V $149,347
13. London, C $116,543
14. Longueuil, V $114,953
15. Halifax, RGM $112,785
Source: Statistics Canada, Catalogue no. 64-001-XIE, Revised Annual 2003Compiled by the Brampton Economic Development Office
8
COMMERCIALMARKET OVERVIEW
Hotel Investment
The Monte Carlo Inn Toronto, BramptonSuites, a brand new hospitality centre,recently opened its doors at 45 CoventryRoad at Airport Road. The $7.5 million dollarhotel investment in Brampton’s east endoffers 108 suites and 6 meeting rooms rang-ing in size from 500 to 1400 square feet andaccommodating a maximum of 150 people.
The Rosetown Inn underwent a number ofchanges in 2003; it received a new look anda new (and famil iar) name: HowardJohnson’s. The new hotel introduces customers to 100 completely renovatedrooms and offers an affordable and comfort-able upscale lodging alternative to theQueen Street corridor at Kennedy Road.
9
A RESIDENTIALMARKET OVERVIEW
Total Residential UnitsCreated in Canada 2003 The following table ranks total residentialactivity across the country
Rank Municipality # of Residential Units
1. Toronto, C 13,7252. Calgary, C 12,0723. Montréal, V 9,7314. Edmonton, C 8,4905. Brampton, C 6,6716. Ottawa, C 6,3737. Mississauga, C 5,7108. Vancouver, C 4,2019. Québec, V 4,17210. Surrey, C 3,844Source: Statistics Canada, Catalogue no. 64-001-XIE, Revised Annual 2003Compiled by the Brampton Economic Development Office
Total Residential Units Createdin Toronto CMA 2003 The following table ranks total residentialactivity across Toronto CMA
Rank Municipality # of Residential Units
1. Toronto, C 13,7252. Brampton, C 6,6713. Mississauga, C 5,7104. Markham, T 3,7565. Vaughan, C 2,7356. Oakville, T 2,1087. Milton, T 1,9208. Richmond Hill, T 1,8249. Ajax, T 1,42310. Aurora, T 1,160Source: Statistics Canada, Catalogue no. 64-001-XIE, Revised Annual 2003Compiled by the Brampton Economic Development Office
Brampton’s residential sector saw continued growth in 2003 resulting in thethird largest residential market in Canada and the second largest residentialmarket in the Greater Toronto Area.
A total of 6,671 residential units were created at a value of $1.38 Billion. This is a 25.5%increase over residential development that occurred in 2002. The real estate market inBrampton also showed growth in 2003. According to the Toronto Real Estate Board(TREB), Brampton recorded 3470 sales of single-family residential dwellingson the resalemarket, by year-end 2003 with an average selling price of $242,119. Sales in Bramptonincreased by 11% with an average sale price increase of approximately 8.8%.
Total Residential Value inCanada 2003 The following table ranks total buildingactivity across the country
Rank City Construction Value (’000s)
1. Toronto, C $1,933,094
2. Calgary, C $1,477,954
3. Brampton, C $1,382,034
4. Montréal, V $1,068,084
5. Ottawa, C $957,864
6. Mississauga, C $885,128
7. Surrey, C $815,911
8. Vancouver, C $763,335
9. Edmonton, C $659,370
10. Markham, T $593,484
11. Vaughan, C $536,296
12. Québec, V $434,326
13. Oakville, T $424,376
14. Whitby, T $416,458
15. Halifax, RGM $398,157Source: Statistics Canada, Catalogue no. 64-001-XIE, Revised Annual 2003Compiled by the Brampton Economic Development Office
Housing Starts Top 10 GTA Municipalities
Source: Canada Mortgage and Housing Corporation, 2002-2003Compiled by the Brampton Economic Development Office
16,000
14,8
95
11,6
16
5,84
9
6,68
9
3,98
5
3,57
8
2,55
7
4,49
6
2,44
2
1,827 2,1
07 2,37
2
2,03
4
2,30
6
1,973
1,765
1,363
1,427
6,42
5
6,28
7
14,000
12,000
10,000
8,000
6,000
4,000
2,000
0
Toronto City
Brampton
Mississa
uga
Markham
Vaughan
Whitby
Oakville
Richmond Hill
Milton
Burlington
2003 2002UNITS
10
RESIDENTIALMARKET OVERVIEWResidential Land Prices 2003Location Total Price Total Acres1 Franceschini Dr $47,004,786 187.7610054 Creditview Rd $26,673,371 183.4Creditview Rd $22,273,800 148.49Creditview Rd $16,025,900 94.2710268 Creditview Rd $15,760,000 98.5311285 Creditview Rd $14,049,218 97.2711630 Creditview Rd $13,783,700 95.041930 Wanless Dr $13,387,545 99.372Mississauga Rd $11,569,649 85.52027 Highway 7 $9,994,178 99.979521 Mississauga Rd $9,776,000 97.762378 Embleton Rd $9,750,000 100.13Castlemore Rd $8,426,466 47.487800 Mavis Rd $7,550,000 49.3988636 Mississauga Rd $7,413,438 62.11Creditview Rd $6,900,000 66.0311180 The Gore Rd $5,658,000 57.0411598 The Gore Rd $5,586,120 47.34Clarkway Dr $5,475,340 24.8459564 The Gore Rd $4,916,700 24.16Queen St W $4,800,000 409654 Highway 50 $4,480,000 63.74245 Steeles Ave W $4,300,000 13.7739349 The Gore Rd $4,100,000 26.698878 Heritage Rd $4,009,029 41.29Torbram Rd $3,929,450 20.05The Gore Rd $3,823,000 22.09McLaughlin Rd N $3,750,000 24.805McLaughlin Rd N $3,749,220 20.8210737 Mississauga Rd $3,740,250 24.92Mississauga Rd $3,738,600 24.9211985 Highway 7 $3,600,000 49.854Mississauga Rd $3,446,300 29.689240 Creditview Rd $3,312,800 30.5Castlemore Rd $2,475,221 23.11710916 Mississauga Rd $2,326,275 31.01710612 Goreway Dr $2,300,000 10.54McLaughlin Rd N $2,099,400 10.5McVean Dr $2,000,000 10.03McVean Dr $1,920,000 9.98911624 McLaughlin Rd $1,900,000 16.411McVean Dr $1,800,000 7.862Mayfield Rd $1,786,500 9.9259499 The Gore Rd $1,650,000 12.47Goreway Dr $1,606,000 10.27Countryside Dr $1,600,000 26.316McVean Dr $1,455,953 21.37Wanless Dr $1,400,000 11.23Wanless Dr $1,298,220 11.852375 Embleton Rd $1,260,000 9.75McVean Dr $1,100,000 1011772 McLaughlin Rd N $1,100,000 10.482Mayfield Rd $1,040,000 16.826Total $348,870,429 $2,469
$141,301Source: Marsh and Brampton Economic Development Office, Jan 04(Transaction > $1 million)
New Home Sales Top 10 GTA Municipalities
Source: Canada Mortgage and Housing Corporation, 2002-2003Compiled by the Brampton Economic Development Office
Total
UNITS
Low-rise High-rise
10,6
65
6,66
0
4,54
3
2,93
8
2,84
0
2,38
9
2,00
4
1,96
0
1,74
2
12,000
10,000
8,000
6,000
4,000
2,000
0
Toronto City
Brampton
Mississa
uga
Markham
Vaughan
Whitby
Oakville
Richmond Hill
Milton
Burlington
Average Housing Prices by Types City of Brampton
Source: The Toronto Real Estate Board, Market Watch. 2002-2003Compiled by the Brampton Economic Development Office
300,000
250,000
200,000
150,000
100,000
50,000
0
SingleDetached
Semi-Detached
Link Att/Row/Townhouse
Co-op Apt CondoTownhouse
CondoApt
2003 Avg House Price
2002 Avg House Price
283,
264
262,
528
229,
146
206,
615
213,
166
217,
288
203,
300
188,
166
182,
988
181,1
25
171,
019
160,
132
164,
360
151,
424
1,58
5
11
A COMMUNITYDEVELOPMENT OVERVIEW
2003 EDCO Ontario Marketing Awards
FINALISTSBrochureBrampton Lure Brochure
2003 IEDC International Marketing Awards
AWARD WINNERSingle Page AdvertisingRx for Success
HONOURABLE MENTIONSpecial EventsTexMex Trade Mission
Annual ReportAnnual Economic Report 2002
Paid Publication AdvertisingOwl, Shark and Turtle SBEC Ads
2003 EDAC Canadian Marketing Awards
AWARD WINNERSSpecial EventsTexMex Trade Mission
Direct MailB-R-A-M-P-T-O-N Postcards
Special Event CampaignBrampton’s Sesquicentennial Business Event – Memories,Historical Past Prosperous Future
Sector ProfilesAdvanced Manufacturing, Food & Beverage,Life Sciences, Information & CommunicationTechnology, Retail Administration & Logistics
Small Business is Big Business in BramptonIf a generally accepted definition of asmall business is one with less the tenemployees, then it is clear that smallbusiness is big business in Brampton.Results of the recent BramptonEmployers Survey show that this segment of the communities’ economyis represented in over 75% of allBrampton businesses. This accounts for15% of all jobs in the community, or 1.5jobs in every ten.
In ongoing support of the small busi-ness market place the City ofBrampton, the Ministry of EconomicDevelopment and Trade and severalother partners continue to operate theSmall Business Enterprise Centre(SBEC). Designed to provide smallbusiness owners with a single point ofcontact in the community, the SBEChad another successful year in 2003.Over a twelve-month period the SBECreceived 17,769 inquires regardingstarting, running and managing asmall business. That resulted in 338one-on-one business consultationsand more then 14,000 business registrations and renewals.
Small businesses can be found in everysector of Brampton’s economy, fromfood and beverage to logistics, manu-facturing to professional services andeverything in between. As these busi-nesses continue to grow and developthey will move on to be some of themost successful in the community.
New Hospital Means New JobsIt is anticipated that Brampton’s new hospital, setto be completed in 2006 will bring an additional1500 new staff positions and 80 new physicians tothe community. These new positions will berequired to assist with an increase in patient carethat includes many services not presently availablein Brampton.
William Osler Health Centre currently employsclose to 4,000 staff and 700 physicians across thecorporation, which also includes hospitals inEtobicoke and Georgetown.
When complete the new facility will be approximately 1 million square feet on a footprintof 35 acres. Located at the intersection of Bovaird Drive and Bramalea Road the hospitalwill house 608 patient beds.
Following completion of the new facility, and subsequent redevelopment of the existingone located on Lynch Street, Brampton hospitals will be home to 720 patient beds. It isanticipated that combined, the two hospitals will see 90,000 Emergency Room visits and140,000 Outpatient visits annually.
Construction on the state of the art building is scheduled to begin in the spring of 2004.
BRAMPTON34
Although growing annually by leaps and bounds, it is the attachment residents have to their
community that makes Brampton a place so many cherish and proudly call ‘home’.
A P L A C E F O R I N S P I R AT I O N . Some 150 years ago
newcomers chose this area as a land of possibility. Over the years and
decades, with much toil and vision, their hopeful dreams championed a
modern and prosperous community.
LEGACY OF PROSPERITY
As Brampton continues to gain momentum and visibility across Canada,
North America and markets worldwide, it does so successfully because of
the character of its people, the principles of its business community and by
virtue of all it has to offer.
Feel its pull. Sense its charm. Whether you seek economic stability, a diverse
workforce, impeccable infrastructure, close proximity to an international
airport, an unlimited network of suppliers and clients, room for future
expansion, or an attractive place to live, work and play, seek to find out
more about Brampton.
35
A place that inspires aspiring
spirits, discover the
possibilities awaiting...
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