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 Building Permit/ Construction Value 2014 - 2019 2019 Building Permit Activity • $305 Million – (Jan – Oct) 2014 $507M • Strong Industrial 2015 A Really Good Run of Building Permit $558M Activity • Over $2.3 Billion 2015-2019 2016 $455M Strong Pipeline of Future Projects 2017 $614M 2018 $427M 2019 $ 400M

City is Benefiting From Steady Job Growth Oshawa Job Trend 2.4% Annual Job Growth 69,000 • Over 1,576 New Jobs • BMO – Top 10 Labour Markets 67,971 68,000 • Lowest Unemployment Rate in a Decade 67,000 66,395 65,888 66,000 65,000 Job Creation Being Led by: 64,469 • Health Care Services: 16% 64,000 • Retail Trade: 13% 63,000 • Education Services: 10% 62,000 2015 2016 2017 2018

GDP Growth Remains Positive Real GDP Growth  2018 Fifth highest GDP Growth in Canada: 2.7% 4.0% 3.5%  2019 Growth Projected for 2019: 1.8% 3.0% 2.5%  GDP is Forecast to fall by 0.6 per cent in 2020 2.0%  Economic Growth will quickly resume in 1.5% 2021, 2.2% (Conference Board) 1.0%  Over 750 New Companies in 2018 0.5% 0.0% 2016 2017 2018 2019 2020-2023

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 8,183 - 11,862 7,961 - 11,550 7,767 - 11,448 Units 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

Projects – Underway/Proposed 2535 Thoroughbred Street • 504 residential units in a 25 storey tower 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

Projects – Underway/Proposed 550 Bond Street West • 5 Storey, 129 Unit Retirement Home • 737 sq.m. (7,933 sq. ft.) Medical Offices

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