A Year of Transition 2019 Realtors and Developers Breakfast - - PowerPoint PPT Presentation

A Year of Transition

2019 Realtors and Developers Breakfast

Presented by:

Kyle Benham Director, Economic Development Services November 6, 2019

The Team – Economic Development Services

• Kyle Benham – Director, Economic Development Services
• Brett Murphy - Marketing & Investment Attraction Manager
• Susan Lupton - Downtown & Business Development Manager
• Mary Cousineau - Economic Development Officer
• Laraib Arshad - Business Intelligence Coordinator
• Tracy McCracken - Administrative Assistant

Economic Overview

Oshawa Has Solid Economic Fundamentals

• Balanced/Diverse Economic

Base

• Led by Health Care and

Educational Sector Growth

• Historically Low

Unemployment Rates

• 68,000 Jobs in Oshawa
• Year over Year Change: 2.4%
• 5 Year Change: 7.5%
• 11,144 Companies
• Year over Year Change: 7.31%
• 5 Year Change: 69.34%

Development Activity Slowed in 2019

2019 Building Permit Activity

• $305 Million – (Jan – Oct)
• Strong Industrial

A Really Good Run of Building Permit Activity

• Over $2.3 Billion 2015-2019

Strong Pipeline of Future Projects

Building Permit/ Construction Value 2014 - 2019

2014

$507M

2015

$558M

2016

$455M

2017

$614M

2018

$427M

2019

$ 400M

City is Benefiting From Steady Job Growth

2.4% Annual Job Growth

• Over 1,576 New Jobs
• BMO – Top 10 Labour Markets
• Lowest Unemployment Rate in a

Decade Job Creation Being Led by:

• Health Care Services: 16%
• Retail Trade: 13%
• Education Services: 10%

64,469 65,888 66,395 67,971

62,000 63,000 64,000 65,000 66,000 67,000 68,000 69,000 2015 2016 2017 2018

Oshawa Job Trend

GDP Growth Remains Positive

• 2018 Fifth highest GDP Growth in

Canada: 2.7%

• 2019 Growth Projected for 2019:

1.8%

• GDP is Forecast to fall by 0.6 per cent in

2020

• Economic Growth will quickly resume in

2021, 2.2% (Conference Board)

• Over 750 New Companies in 2018

0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.0%

2016 2017 2018 2019 2020-2023

Real GDP Growth

Conference Board of Canada’s Perspective

• Diverse economy will allow Oshawa to ride out manufacturing

storm

• General Motors’ will affect drag on the economy in 2020
• However, the economy will quickly recover in 2021
• Several attributes that support economic transition
• Steadily moving toward more services-based industries
• Since 2005 - the services sector created 56,600 new jobs
• the goods sector lost 8,700 positions
• Services now account for four out of five jobs.

GM Transformation

GM - Parts Manufacturing

• Investment in excess of $170 million
• Auto Parts Manufacturing
• Stamping
• Related sub-assembly
• Painting
• Other miscellaneous activities
• For GM and other auto customers
• Retain 300 jobs with potential to grow
• 10 year run-way

GM - Test Track

• Test track for autonomous and advanced

technology vehicles

• Supports GM’s Canadian Technical Centre

(CTC), in Oshawa and Markham

• Currently developing software and hardware
• Autonomous Vehicle Systems, Embedded

Controls

• Active Safety Systems
• Infotainment

Reuse of the Lands is a Major Opportunity

• 1,000 Jobs to Remain
• 700+ Acres of Serviced Land
• 9 million sq. ft. of manufacturing space
• GM Assessing its Holdings – Moving toward RFP
• Better Utilization of Lands Could Create More

Jobs Than are Being Lost

• Development Potential
• Current: 3,200 Jobs
• Future: 13,000 Jobs

Industrial Development Driving Growth in 2019

• Record Year for Industrial Development
• 120,000 Sq. M. (1.3 Million Sq. Ft.) of New Industrial Being Built/Proposed
• 1,400 Jobs

Permit Value – Industrial Development

Employment Complex - 900 Farewell St.

• 30,000 s.f Industrial Multiple Complex
• Fully Tenanted Before Construction Completed

Panattoni Industrial Development

Panattoni Phase I 1121 - 1147 Thornton Road South

• Two State-of-the-art Industrial Buildings
• 58,529 Sq. M. (630,000 Sq. Ft.)
• $70 Million Investment
• 300 – 600 Jobs

Phase II 883 Thornton Road South

• 40,988 Sq. M. (441,000 Sq. Ft.)
• 200 - 400 Jobs

Other Industrial Projects

980 Thornton Road South

• 10,000 Sq. M. (107,000 Sq. Ft.)
• Five Units
• Under Construction

450–464 Taunton Road West

• 9,024 Sq. M. (97,137 Sq. Ft.)
• Industrial Condominium
• 64 Industrial Units

1133 Boundary Road

• Industrial Multi-Complex

Port of Oshawa

• Hamilton-Oshawa Port Authority (HOPA)
• QSL And Sollio Agriculture Grain Terminal
• Capacity For 10,000 Metric Tonnes
• Serving The Local Farming Community

Northwood Business Park

• 262 Hectares of Developable Land for

Employment Purposes

• Zoning Approved by Council
• Serviced along Thornton Rd N. Up to

Conlin Road W.

• Potential Hospital Site
• 450 - 464 Taunton Rd W– 64 industrial

condos

Pre-servicing of Employment Lands

2019 – 2022 – Durham Economic Development Partnership (DEDP) Action Plan

• 1. Employment Lands Servicing
• 2. Increase Competitiveness for Investment

Identification of Priority Projects $19 Million Reserve Fund

Education-Innovation: Driving Higher-Value Jobs

Future Growth Will Build Upon Talent and Innovation

Trent University Durham GTA

• New Residence and Academic Building
• On-campus Housing – 200 Beds
• State-of-the-art Academic Spaces
• 100-seat Tiered Lecture Hall
• Two 64-seat Classrooms
• New Laboratories
• Opening Fall 2020

Ontario Tech University

• Ontario Tech University Student Centre
• $40 Million Centre for Students
• Centralize the Faculty of Health Sciences
• Expansion of Simulated/Experiential Learning
• High-tech Simulation Lab
• 3D Solutions
• Augmented and Virtual Reality

Ontario Tech University

Automotive Centre of Excellence (ACE)

• One of the Most Sophisticated Climatic Wind Tunnels
• Wind Speeds up to 300 Kilometers Per Hour
• Temperatures Ranging From –40 To +60°C.
• Expanding to Add a “Rolling-Ground-Plane”

QAC — ACE Partnership

• The New QA Consultants (QAC) Partnership Creates

The Most Comprehensive Independent Vehicle Software and Physical Testing Capability in the World

Durham College

Geothermal Field

• $9 Million Geothermal Field
• 550 Tons (1.9 Megawatts) of Clean Energy
• 2,508 Sq. M. (27,000 Sq. Ft.)
• 150 Boreholes 183 M (600 Ft.) Deep

eSports Arena

• 280 Sq.M. (3,000 Sq. Ft.) First-of-its-kind Facility
• Durham Lords Varsity Electronic-Sports Team
• Future Careers in the $1.6 Billion eSports Market

Mixed Reality Lab

• Motion Capture, Virtual and Augmented Reality

Durham College

Skilled Trades Expansion

• 5,500 Sq. M. (60,000 Sq. Ft.) Centre
• $35 Million Expansion
• Doubles Skilled Trades Training Capacity
• Focus On Priority Industries: Elevating Devices,

Electricians, Crane Operators, Millwrights, Boilermakers, Etc. Global Cyberlympics

• Led by the AI Hub
• 13 International Teams
• First Time in Canada

Tour of Growth and Development

Economic Development Monitoring 75 Projects Representing:

• Over $5.1 Billion Dollars of Investment
• 36,763 Associated Jobs
• 42,184 Potential New Residents
• 16,305 Residential Units

Projects – Underway/Proposed

RioCan Windfields Retail Hub

• 65 hectare (160 acre) Site
• 78,000 sq. m. (840,000 sq. ft.) of Commercial Space
• Phase I Construction Expected in 2020

Dymon’s Self Serve Storage Facility

• 23,419 Sq. M. (252,088 Sq. ft.)

Self Serve Storage Building with Ground Floor Commercial Units

• Construction Underway
• Balance of the Mall Property will be

Owned By Riocan

Kedron Part II Planning Area

• Planned to Accommodate 22,000 People on 466 Hectares (1,151 Acres)
• 8 Elementary Schools, 2 Secondary Schools, 2 Neighbourhood Parks, 1

Community Park, 11 Parkettes

• 21,500 Sq. m. (231,478 Sq. ft) of Office, Personal Service and Retail Space

Projects – Underway/Proposed

Columbus Part II Plan

• Oshawa’s Next Major Development
• Employment lands adjacent to the 407
• A Range of Residential Opportunities
• Public Information Centre #3: Nov. 20th

Alternative 1 Alternative 2 Alternative 3 Residential Units 8,183 - 11,862 7,961 - 11,550 7,767 - 11,448 Population 22,307 – 32,103 21,823 – 31,435 20,938 - 30,539 Jobs 5403 5346 5488

Projects – Underway/Proposed

895 Phillip Murray Avenue OH! Towns

• Located in South Oshawa
• 56 Townhomes
• Affordable Waterfront Living

2535 Thoroughbred Street

• 504 residential units in a 25

storey tower

Projects – Underway/Proposed

385 Arctic Red Drive

• 110 apartment units in a four

storey building 1224 Coldstream Drive

• 201 retirement units in a seven

storey building

Windfields Area

2501 Thoroughbred

• 201 Retirement Units

0 Thoroughbred

• 63 Units

2500 Hill Rise Court

• 132 Units

150 Windfields Farm

• 170 Units

550 Bond Street West

• 5 Storey, 129 Unit Retirement Home
• 737 sq.m. (7,933 sq. ft.) Medical Offices

Projects – Underway/Proposed

All or Nothing Brewhouse

439 Ritson Road South

• 20,000+ Sq. ft. of Space to

Accommodate a Brewhouse, Tasting Room, Retail Store, and Events Facility

Simcoe Street North

976 Simcoe North

• 60 Units

1569 Simcoe North

• 125 Units

1800 Simcoe North

• 170 Units

1900 Simcoe North

• 308 Units

Downtown Oshawa – Looking Ahead

Downtown Development Potential

The Heart and Soul of Our City

• A Cultural Hub
• A Growing Neighbourhood
• Major Employment District
• Unique Asset in the East GTA.

KING-BOND [EAST] CORRIDOR

KING-BOND [WEST] CORRIDOR

ATHOL CORRIDOR

Lakeshore East GO Transit Extension

• Four Options Under Consideration
• Option 1 – Unanimously Supported Across Durham
• 21,000 Jobs
• 6,000 New Homes
• 724,643 Sq.m. (7.8 Million Sq.Ft.) of Office Space, Retail and Industrial Development
• $1.1 Billion in Transit-oriented Walkable Urban Development
• Could Eliminate about 50 Million Kilometers of Car Travel, Yearly
• Option 2 would also have Significant Benefits

Enhancing the Physical Environment

Streetscape Improvements

• Widening of the Sidewalks
• More Space for Pedestrians
• Landscaping – Planters, Trees
• Outdoor Patios/Cafes
• New Street Furniture

Public Art Master Plan BIA Programs

• Banners
• Hanging Baskets
• Graffiti Removal

Questions?