Quote:
Originally Posted by SteelTown
Hamilton smashed another record in 2012. $1.5 billion in building permit. Previous record was $1.2 billion.
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That's especially impressive considering 3rd quarter GDP growth in Canada was 0.6% (Ontario's number isn't out yet, as far as I know but it probably won't diverge too much) and the 4th quarter number isn't looking much better. I'm not sure exactly what's going on, but Hamilton is doing pretty well during a period of Ontario stagnation.