The Hamilton condo boom has arrived

The below article was originally written in Urbanicity, a Hamilton-based news outlet, by Robert Cekan as part of a series of sponsored articles focused on the future of Hamilton and the ambitious city builders continuing its urban resurgence.

The Toronto condo boom that started in the 90’s has made its way to Hamilton.

For the past three years, Hamilton has seen an explosion in its demand for condominiums, both new and old.

According to data from the REALTORS® Association of Hamilton-Burlington (RAHB), since September 2017 the average price of apartment-style properties have increased from $290,575 to $377,004. That increase is equal to 22.9%, which is significant for a Hamilton real estate class that has seen very modest growth for the past two decades.

While this data is a strong indicator of the overall trend toward apartment-style living, what it fails to account for are the sales figures of pre-construction condominiums yet to be completed. This is because the data from RAHB almost exclusively deals with resale properties.

In the Hamilton region, there are at minimum 19 apartment-style condominium projects actively being constructed or selling. There are at least 7 more similar projects currently in registration.

From a city whose skyline has remained unchanged since the 1970s, the 2020s will be the decade Hamilton finally grows tall.

Much of the initial demand for increased housing in Hamilton began in the mid-2010s from Toronto-based families who were priced out of their local market.

As immigration fueled and continues to fuel steady demand for the Toronto metropolitan area, the fastest growing metropolitan area and city in North America, a spillover into surrounding communities forced many residents to travel down the QEW for a price and location better suited to their lifestyle.

The COVID-19 pandemic’s rise in work-from-home offices has opened up many new housing options for those that have GTA-based jobs who no longer feel the need to live close to their workplace. GTA homeowners are using the opportunity to cash out and relocate to nearby cities where their dollar goes farther.

For renters paying over $2,000 per month in rent for a one-bedroom apartment, Hamilton’s average price of $1,500 for the same one-bedroom is mighty attractive when commuting to work is a non-factor.

When looking at Golden Horseshoe cities that offer a lifestyle that’s similar to Toronto, the City of Hamilton truly stands out. It offers historical charm, a vibrant restaurant scene, nightlife, rec centres — all amenities Torontonians are used to and would expect, just on a smaller scale.

Hamilton is also home to the Niagara Escarpment, which has created a network of trails, waterfalls, and outdoor amenities — features many residents of the GTA find persuasive after living amongst busy streets of concrete and glass.

But as is the case of all growing cities, there comes a time when demand exceeds supply and the notion of everyone owning a detached home is no longer feasible. Limited land and the need to be in close proximity to amenities necessitates high-density towers. There’s no way around it — condominium towers are the best answer in accommodating the swaths of incoming residents to Hamilton.

When asked why condo living has become so popular, Rudi Spallacci Jr., Project Manager of Spallacci Group and developer behind the Residences of the Royal Connaught, said that he believes people are looking at ways they can simplify their lives. 

“I believe some people like the convenience of not having to maintain and clean their own yards, I believe some people enjoy having amenities at their doorsteps (gyms, theatre room, party room, outdoor skydeck) without having to drive to those amenities if they live in a home,” said Spallacci. “Not having to drive long distances to run errands or do the things you enjoy simplifies a person’s life.”

On a price per square foot basis – the most commonly used metric of an apartment’s value – the argument is even more compelling.

As of September 1st 2020, there are exactly 247 condominiums in Toronto with an average price per square foot of $1,000 or higher with average prices maxing out at $1,876 per square foot.

Now compare that to Hamilton where the most expensive condominium – 101 Locke Condos – sell on average at just over $800 per square foot, according to recent RAHB stats. This building in particular began its occupancy mid-2019, making it a healthy benchmark for luxury apartments in Hamilton.

The GTA area as a whole averaged $1,108 per square foot in 2019, for comparison. That may indicate that Hamilton is severely underpriced relative to it’s 416-area code counterparts.

In Hamilton, the stretch of King Street E between Wellington Street and James Street has particularly caught the attention of many developers. Along this corridor (or very nearby) can be found the construction sites of KiWi Condos and 1 Jarvis right beside it (currently in review), Residences of the Royal Connaught Phases 3, 4 and 5, Cobalt Towers, Gore Park Lofts, and The Connolly.

Further west at the corner of King & Queen Streets is the site of Coletara’s new 24-storey Platinum Condominiums with Vrancor’s new hotel and residential complex located at the opposite corner. South of this site is Brad J. Lamb’s upcoming Television City condos on the site of the former CHCH headquarters, originally planned to be a 40-storey and 30-storey tower, now revised to be two twin 32-storey towers.

Over the course of the next decade, a community at Pier 8 will slowly take the shape of the winning development Waterfront Shores, which will completely overhaul the city’s waterfront premiere waterfront destination to an area filled with residential, commercial, and recreation all in one. The plans call for 1,292 condo units including 65 affordable housing units spread across 20 buildings. The harbourside community will have themed street-level retail while ensuring that each building is architecturally diverse. 

Toronto has set a high watermark for how expensive condos can rise, and as more people discover the amazing quality of life Hamilton has to offer, it won’t be long until we too pass that $1,000 per square foot benchmark.

If you’re looking to keep your finger on the pulse of all Hamilton residential and commercial real estate projects and trends, subscribe to Forge & Foster’s free weekly newsletter here!


Author: Robert Cekan
Editor-in-chief: Robert Cekan
https://urbanicity.com/

What is Urbanicity?
We are Hamilton’s community hub, publishing news you can use and curating Hamilton’s best local activities. Use Urbanicity to discover everything the city has to offer and make Hamilton truly feel like home

Looking for news on the Hamilton real estate market? Click here to subscribe to our weekly newsletter!

Hamilton’s embrace of bicycles marks the beginning of a new era

The below article was originally written in Urbanicity, a Hamilton-based news outlet, by Michael Kras as part of a series of sponsored articles focused on the future of Hamilton and the ambitious city builders continuing its urban resurgence.

There’s a vehicle that is currently revolutionizing local travel, both in Hamilton and worldwide.

It’s smaller than a Smart Car. The maintenance is minimal. It won’t soak you for $50 of gas money every week. Riding it isn’t just good for the environment; it’s good for you.

Oh, and it’s also over 200 years old.

There’s no denying it: bicycles are back and better than ever, and their popularity in urban centres like Hamilton is only growing stronger.

Part of this new surge of cyclists can be attributed to the current unprecedented realities of the COVID-19 era. As car-less commuters seek safer ways of getting around during the pandemic, bicycles have stood out as a compact, eco-friendly, reliable, and affordable mode of transportation that not only cuts down on carbon emissions, but also provides the safety and flexibility needed to navigate a city in the modern era.

Nowadays, Hamiltonians can’t get enough of these timeless two-wheeled transporters, and there’s no stronger evidence for that than the citywide backlash that emerged as SoBi, the city’s popular bikeshare program, suddenly faced possible extinction after its parent company, Uber Inc., announced that it would be halting operations and maintenance of the program by June of this year.

With SoBi’s clock suddenly ticking loudly, a swift community uprising – which included action from city staff, local advocacy group Cycle Hamilton, and a growing list of over 26,000 local bike share users – ended up raising enough money through fundraising to revive SoBi and support it for at least the next year under the operative hand of not-for-profit group Hamilton Bike Share.

Now, with SoBi bicycles back on the streets and ridership on the upswing, Hamilton is doing more to support a bike-forward vision for the city’s transportation infrastructure.

One of 130+ SoBi bike hubs located in Hamilton.

As the COVID-19 era sees more and more people prone to pedalling their way around, the city is investing just under $50,000 into improving its existing bike lanes with the addition of measures such as bumpers, curbs, and barriers that will keep cyclists safely separated from vehicular traffic.

The construction of the upcoming Jay Keddy Trail along the Claremont Access – a new multi-use trail that will connect cyclists and pedestrians through a continuous route between the escarpment and lower city – is a prime example of City initiatives being put to work.

Pegged at $6 million, construction for the project began July 6th and will open by November, both unifying our city’s geographical elevations and providing some much needed safety barriers for cyclists and pedestrians alike. In fact, the trail pays tribute to Jay Keddy, a cyclist who was killed by a motor vehicle while riding up the Claremont access in 2015.

There’s even the possibility of an extensive, bidirectional bike lane getting temporarily added on a stretch of King Street West between Locke Street and Highway 403; and if bicycles become even more popular in the near future, it’s not unlikely we’ll see Hamilton become increasingly bike-friendly as time goes on.

For prominent Hamilton cycling advocates like Jay Krause, who co-chairs local group Cycle Hamilton, the reasons for a rise in biking are clear; especially relative to this particular moment in time.

Dedicated bike lanes along Cannon Street.

“It has been clear that COVID-19 has been a massive driver for increased numbers in walking and biking trips,” says Krause. “Early on, the City reported massive drops of 60 to 90% in public transit and driving & parking numbers, while cycling trips were stable.”

However, according to Krause, the health implications of cycling go beyond simply avoiding potential exposure to COVID-19 on other modes of local transportation; they’re also a key part of the new ways countless urban residents are adjusting to life and self-care in the middle of a pandemic.

“I live in a small apartment in downtown Hamilton with no outdoor space and work from home full-time. Being able to get out on my bike has been an essential part of my new routines to maintain my physical, mental, and emotional well-being,” he explains.

Those health implications are even larger than some may immediately realize. In fact, a report published this year by Toronto Public Health explains that around $1.6 billion of Canada’s annual health care costs are directly related to health issues stemming from physical inactivity.

Dedicated bike lanes along Bay Street.

With cycling shown to reduce the risk of potentially fatal conditions such as cancer, stroke, diabetes, and cardiovascular disease, as well as improve general physical health & wellness, the impact of a rise in biking could potentially save Canada’s healthcare as much as $150 million annually.

Thankfully, then, Hamilton isn’t the only Canadian locale expecting a bike-forward future. Neighbouring municipalities like Toronto, Kitchener-Waterloo, London, and Newmarket are also investing in developing transportation infrastructure that better accommodates cyclist and pedestrian traffic, building bike lanes and centering bicycles as an unprecedented transit priority.

This trend isn’t just region-wide or nationwide, either: the cycling revolution is becoming a worldwide phenomenon, with cities across Canada, the United States, United Kingdom, Australia, Germany, Hungary, and beyond reporting significant spikes in cyclists for 2020 and responding by pouring resources into building cycling infrastructure.

As the world adjusts its approach to transportation, places like Hamilton can keep the wheels turning by investing further in bike lanes safely separated from vehicular traffic, ensuring the city’s bike network is properly maintained and usable during the harsher winter months, and even incentivizing biking through measures such as reducing insurance premiums for cyclists or tax deductions for related purchases.

A bike box is a designated area at the head of a traffic lane at a signalized intersection that provides bicyclists with a safe and visible way to get ahead of queuing traffic during the red signal phase.

Hamilton has lots of work to do before any of this is made a reality, but local cycling advocates like Krause believe the impact could be substantial.

“Our top priority remains developing a protected and connected cycling network,” he says. “In the short term, there is a massive opportunity for the City of Hamilton to follow the lead of cities such as Toronto, Brampton, Montreal, and now countless others, which have undertaken meaningful initiatives to rebalance streets and find opportunities to develop new infrastructure to meet the immediate need and will continue to pay dividends in the long-term.”


Author: Michael Kras
Editor-in-chief: Robert Cekan
https://urbanicity.com/

What is Urbanicity?
We are Hamilton’s community hub, publishing news you can use and curating Hamilton’s best local activities. Use Urbanicity to discover everything the city has to offer and make Hamilton truly feel like home.

Looking for news on the Hamilton real estate market? Click here to subscribe to our weekly newsletter!

Lights, Camera, Hamilton!

The below article was originally written in Urbanicity, a Hamilton-based news outlet, by Michael Kras as part of a series of sponsored articles focused on the future of Hamilton and the ambitious city builders continuing its urban resurgence.

Crimson Peak. The Shape of Water. IT: Chapter Two. The Handmaid’s Tale. The Umbrella Academy. American Gods. The Good Witch. The Boys. Murdoch Mysteries. The list of film and television content shot right here in Hamilton keeps growing at a thrillingly rapid rate.

Our buildings have been visited by superheroes, malevolent ghosts, historical figures, and Chris freaking Evans. Our streets and neighbourhoods themselves have played parts from major metropolises to small, folksy townships. Academy Award-winning director Guillermo del Toro has repeatedly sung our city’s praises. The movies and television series shot in Hamilton have won Oscars and Emmys, and penetrated pop culture on an international level.

Hamilton is now one of the country’s hottest hubs for the film & television industry.

The overwhelming commitment to cementing our city’s film & TV scene speaks for itself. As a city with plenty of diverse shooting locations and a whole lot of character, the Hammer has long been a spillover spot for film productions coming from the oversaturated film scene in Toronto, quickly turning Hamilton into a major industry hub in its own right. The influx has now made the city the second largest in Ontario and third largest in Canada.

In fact, Hamilton is home to 9,140 talented people who work in the film industry as well as home to 902 film-related businesses. In 2019, Hamilton received $60 million in ‘direct spend’ from productions on things like hotel stays, prop and equipment rentals, and services such as traffic control.

With a glut of heritage buildings, sprawling urban exteriors, and greenery spaces, Hamilton’s appeal for location scouts makes plenty of sense. Recognizable local landmarks regularly show up on large and small screens, like City Hall’s front-and-centre appearance in the Oscar-winning film The Shape of Water, Dundurn Castle’s key role in the gothic horror period piece Crimson Peak, and multiple downtown core locations featured in the Amazon Prime superhero series The Boys.

Hamilton isn’t just a prime spot for on-location film shoots, though. Not only are we also home to some small film studios and production companies, but we’ve recently been singled out by Aeon Studio Group for an over $100 million project to develop a 200,000 square-foot film studio and residential complex sitting on between 12 and 20 acres of the Barton-Tiffany lands.

Upon its eventual completion, the gigantically ambitious Aeon Studios is proposed to not only house multiple soundstages and studio spaces, but also post-production facilities for visual effects and animation, a crew training facility, retail space, residential towers, creative incubation workspaces, and office space for film, media, and tech companies.

Though the finished product is likely a long time coming due to the enormity of its scope, the Aeon Studios project promises resounding impact on our city’s cultural footprint and job market upon its completion.

Until then, the city still has smaller-scale hubs already making major waves in the city, including the Hamilton Film Studios — a newly-established film studio and production supply retailer with an already-sizeable footprint after only a year since they opened their doors.

Camera cases are among some of the many film-related gear you can pick up at Hamilton Film Studios

“As soon as we got the keys, the door was being knocked on,” says Zach Zohr, who co-owns the Hamilton Film Studios with partners Graham Purdy and Ken Woychesko.

All three owners are industry veterans with extensive backgrounds in film & television production, and they noticed an immediate need to fill in Hamilton. Not only that of studio space and location support, but also a local retail shop so production teams shooting in Hamilton would no longer need to make obnoxious trips into Toronto for necessary supplies and equipment.

The daily foot traffic at Hamilton Film Studios speaks to how essential they are to the city’s growing film scene. From shoots in need of space, to location scouting, to emergency shopping trips for supplies, there are “at least a half-dozen” productions that come through the HFS’ doors daily, according to Zohr.

One of Hamilton’s Film Studios television sets

Those productions have been everything from commercial shoots, to music videos, to television series shot for prominent streaming platforms like Netflix and Amazon Prime. Hamilton Film Studios was also home to the production of the independent feature film White Lie, which performed to critical acclaim at the 2019 Toronto International Film Festival and is notable for not only being filmed in Hamilton, but also directly set in our city too.

Hamilton Film Studios isn’t the city’s only production resource, however. Barely a five-minute drive from the HFS building sits Digital Canaries, which resides along Burlington Street East and currently holds the title of Hamilton’s largest shooting space.

A film studio that offers flexible space for productions, Digital Canaries sets itself apart from the neighbouring Hamilton Film Studios by having over 50 impressive standing sets available ranging from office replicas, to prison corridors, to courtrooms, to hospital operating rooms, and beyond. On top of that, Digital Canaries also features green screen facilities, as well as an extensive prop and wardrobe house that carries well over 100,000 items of all sizes and types for production use.

Between the rich offerings of the two current spaces, Hamilton Film Studios and Digital Canaries have jointly made Hamilton an even more attractive locale for local, national, and international film & TV production; even ahead of the construction of Aeon Studios. Growth continues at a rapid rate, and according to the folks at Hamilton Film Studios, it shows no signs of slowing.

“We’re never going to be Toronto; that’s the mecca,” says Zohr, while noting that, as vacancies at Toronto’s film facilities are getting scarcer by the day, Hamilton’s status as Ontario’s second busiest centre for film production will likely continue to hold steady. “Filming permits are up every year. As long as people are watching movies, the industry is going to grow.”

Those filming permits are indeed on the rise. In 2019, the city saw 14% more filming days than it did in 2018, which itself was a record-breaking year that saw a 50% increase over the year before in film permits issued.

Hamilton now gets to play a leading role in that growth, simultaneously attracting huge investment and talent to the city on its way to becoming the new Hollywood.

Click here for our tenant spotlight on Hamilton Film Studios.


Author: Michael Kras
Editor-in-chief: Robert Cekan
https://urbanicity.com/

What is Urbanicity?
We are Hamilton’s community hub, publishing news you can use and curating Hamilton’s best local activities. Use Urbanicity to discover everything the city has to offer and make Hamilton truly feel like home.

The future of tech lies in Hamilton

The below article was originally written in Urbanicity, a Hamilton-based news outlet, by Michael Adebo as part of a series of sponsored articles focused on the future of Hamilton and the ambitious city builders continuing its urban resurgence.

It’s a new decade and looking back, ten years ago seems so far away. Our world, and by extension, our lives have changed at a faster rate than ever before, and we have a boom in technology to thank for that.

For better or for worse, technology is here to stay — and it’s embedded in nearly every facet of our lives. From smartphones, to smart homes, to Bitmojis dancing in your living room — don’t believe for a second that we’re even halfway through the Digital Revolution. This is only the tip of the iceberg.

The way we work is where we’ll feel the impact of technology the most. Technology is changing the landscape of employment as we know it. As we progress into the next decade, we’ll see an abundance of jobs become automated or operate under the watch of artificial intelligence (AI); intelligent machines that work almost like humans — and I’m not talking about Siri.

These alterations in employment are happening all around us. In fact, as we enter the new year, well-known supermarket chain Loblaws announced the closure of two distribution centres in Laval, Quebec, and Ottawa, Ontario respectively, impacting 800 workers. The vacancy will transform distribution centres by adding robotics and machinery, and move away from a traditional warehouse look which Loblaw’s hopes will modernize their business.

In some cases, rather than being replaced, we’ll work alongside technology in the form of robotic arms and AI software. However, this doesn’t come without complications. Our AI co-workers are so efficient that there’s been cause for concern about the pressure it puts on human workers to increase their performance. For Amazon and their warehouse fulfilment centres maintaining one- and two-day delivery means enormous pressure on workers to operate as fast as machines, which is punctuated by growing human burnout and safety concerns.

AI is also capable of operating independently through machine learning. Machine learning provides artificial intelligence systems with the ability to automatically learn by recognizing patterns or characteristics. Anytime you’re recommended a new product on Amazon, a new show or movie on Netflix, or even certain ads on Instagram, machine learning is at work. Conversely, it’s been recorded as early as 2011 that shopping malls have been tracking customer behaviour through their smartphones to determine the length of stay and consumer shopping patterns, such as comparing items and prices between stores and whether or not people go out of their way to visit a specific store. This insight allows companies and those with access to AI technology to better target their intended audience.

If these revelations are stirring mixed emotions and apprehension, that’s understandable. If the popularity of Black Mirror is anything to go by, there’s an endless source of films, television, and other media that have conditioned us to be cautious of the control we relinquish to technology.

But maybe it’s a matter of perspective — rather than dreading how AI and automation will change our industries and displace us in the job market, it may be an opportunity to shift our skills to accommodate a digital future for the better. It’s what we’ve always done after all — change and adapt. When speaking about electronic hotel check-ins and the diminishing amount of human interaction, Toronto real-estate developer Brandon Donnelly stated that the change is inevitable. “We used to have elevator operators. Now we don’t. We used to have people shoveling coal into furnaces. Now we don’t. And I think that’s okay. We created different jobs. The same is likely to happen with Uber/Lyft drivers”.

The collection of skills required to find work in today’s market is indicative of a transition from a jobs economy to a skills economy, one that values critical thinking, interpersonal skills, problem solving, and above all — digital literacy. Digital literacy doesn’t mean that we’ll all become programmers and coders; instead it’s an understanding of and familiarity with tech in the same way that we value reading as a literacy skill. Think of it as the difference between your little cousin and your parents when they get ahold of an iPhone; one flourishes, the other is deeply confused. As it turns out, we’re not prepared for this shift. A 2018 RBC report on the future of work illustrated that neither the Canadian education system or employers are ready to train and help Canadians – specifically youth – navigate a skills economy.

So, where do we go from here? The future is always uncertain, but Hamilton is stepping up as a leader in our new, tech-filled future.

Not only do we have a robust collection of adult learning initiatives that are delivering digital literacy and computer skills programs, like those offered by Mohawk City School and St. Charles Adult Learning Centres across the city, we’ve also seen the beginnings of industries adapting to disruption closer to home.

By now we’ve all heard whispers of self-driving vehicles over the last few years. As of late 2019, an opportunity is on the horizon for Hamilton to be at the forefront of the incoming autonomous car wave. Starting later this year, several Hamilton Mountain streets will become testing areas for research into the cars’ sensor capabilities in a city environment — with a back-up safety driver behind the wheel of course. Research and development in this area continues to be made locally through the McMaster Automotive Resource Centre as well. Following our recent transportation woes, I’m inclined to agree with councillor John-Paul Danko, who’s stated this is a win for the city that “speaks back to our history as a manufacturing city”.

Several Hamilton Mountain streets will become testing areas for autonomous car research in 2020.

Speaking of which, Hamilton’s reputation as a manufacturing city will certainly remain intact. Another opportunity has risen in the form of modular construction. Modular design allows for a building to be 90% completed within indoor facilities, which are then assembled and completed on-site. ED Modular, a subservice of the construction company EllisDon, plans to capitalize on this technology by opening the biggest modular building facility in Canada — right in Stoney Creek (pictured in the cover photo). Modular construction is especially viable because of its environmentally-friendly methods and the speed at which modular buildings can be built at. Furthermore, shortened timelines and indoor construction are great news when confronting long, often harsh Canadian winters.

Stelco, one of Hamilton’s largest employers, is in the business of making steel — not an industry that comes to mind when we think tech. And yet this steel plant is at the forefront of deploying AI in day-to-day steel operations by partnering with Canvass Analytics for optimizing the steel production process using reinforcement learning. Stelco’s CEO, David Cheney, has noted that the implementation of AI has led to “reduced waste, improved quality and optimization of asset utilization.”

Many other industries are being disrupted by tech and several of those tech companies are flocking to Hamilton as their base of operations. Not only has the tech scene in Hamilton been named top 2 in North America for tech opportunity, we’re also Canada’s fastest growing mid-sized city for tech according to a report released by CBRE in 2018. In fact, this past month the techfin company Q4 Inc., a cloud-based investor relations platform, and Ackroo, a customer loyalty and gift card service announced that they will be launching Hamilton offices in 2020.

Then there’s McMaster Innovation Park, which acts as a support network through their affiliate tech hubs The Forge, Innovation Factory, and the soon to be built Emerging Technology Centre, where once finished, will act as a beacon for young professionals from across Canada and the world. McMaster is certainly leading the charge for exciting and fresh ideas, from becoming the new home for law firm Gowling, to biotech start-up Fusion Pharmaceuticals.

Fred Wilson, an American venture capitalist predicts that a shift to automation will lead to “experiments in reallocating wealth and income”. It’s very possible that retooling how we approach tech as workers and as a city is vital going forward. Rather than fear the Digital Revolution, perhaps we should get ahead of disruption, become acquainted with technology and start the decade on the right AI-assisted foot.


Author: Michael Adebo
Editor-in-chief: Robert Cekan
https://urbanicity.com/​

What is Urbanicity?
We are Hamilton’s community hub, publishing news you can use and curating Hamilton’s best local activities. Use Urbanicity to discover everything the city has to offer and make Hamilton truly feel like home.