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www.insidehalton.com |OAKVILLE BEAVER |Thursday, June 8, 2017 |2 2 2017 is shaping up to be promising continued from p.12 Oakville' s building permit values for new construction reflect its ability to strongly compete in the office development market. GTA municipalities, including Oakville, reduced their industrial and office/non-retail tax rates in 2016. At 2.942 per cent, the Town' s industrial tax rate ranked 12th lowest of 18 GTA municipalities and was higher than the GTA average of 2.820 per cent, according to the report. The office/non-retail rate, however, ranks sixth lowest in the GTA at 1.801 per cent and is below the GTA average of 2.107 per cent. Oakville' s industrial inventory has remained steady at 18.1 million square feet, as limited industrial product has been constructed in Oakville in recent years. Oakville' s office market inventory continued to grow in 2016 reaching 3.8 million square feet, up from 3.1 million square feet in late 2015. Vacancy rates have increased year-over year with the addition of new supply into the market. In 2016, the top 10 non-residential building permits were a m ix of commercial, industrial and institutional projects. These projects were valued at over $183 million, higher than the total value ($54.3 million) of the top 10 permits issued in 2015. In 2016, the largest permits issued were for the new Halton Regional Police headquarters, a six-storey office building at 360 Oakville Place Dr. and the new ErinoakKids centre. The Halton police headquarters and ErinoakKids centre are well into development and expected to open in fall 2017 and late fall/ early 2018, respectively. The following work will also be undertaken: · Completion of the Brownfield Redevelopment Strategy · A detailed mitigation plan will be developed for the Lakeshore Road Streetscape Project, in consultation with the Downtown Business Improvement Area (BIA) and various Town departments · Analysis and recommendations for the interim use of the former post office site will be completed · A Doing Business with China forum is being planned for the fall in conjunction with area municipalities and Halton Region · Staff will organize the Town' s hospitality tent at the Canadian Open and participate on the co-ordinating committee with Golf Canada · Staff departments will work to co-ordinate a one-window approach for filming in Oakville · Marketing initiatives will include videos to showcase Oakville' s value proposition · Application for federal funding will be made to offset the costs of a new Economic Development Strategy; the study including stakeholder consultation will commence in 2018, to replace the Town' s 10-year Economic Development Strategy (2009-2019) B e y o n d K it c h e n s &B a t h S jd ^ e c t a ti o n s y w w w . b e y o n d k i t c h e n s .c a Design Build nsta fully c u s t o m kitchens, vanities, wall unit, mantle, walk in closet, laundry room, Bar, etc; · Granite, Quartz countertops · Full renovation service · Real estate service; O a k V ille S h o w ro o m L o ca tio n 466 Speers Rd,Unit 6-7 Oakville, ON L6K 3W9 T: 905-338-8999 / 905-338-8199 F: 905-338-8099 inf0 @bey0 ndkitchens.ca *Trades, realtors, b u ild e r p ro g ra m m e a vailable, p le a se ask store for details;