Stoney Creek Ontario is now part of the city of Hamilton. But even if it has lost its independence as a municipality, this community is still considered as one of the key areas of the city. Over the past few years, there has been a boom in the economy in Stoney Creek especially because of the lower costs of living in the area compared to other communities in Hamilton.
There has been an increase in the number of residents in Stoney Creek since the land properties are also lower in price. The increase in the population can lead to more customers who will be willing to get services from local businesses within the site. For many years in the past, the main economic driver for Stoney Creek was agriculture. Today, although agriculture is still being practiced in the area, other industries have already been set up.
There are also more condominiums and apartments that have been constructed recently especially near the access points to the highways en route to the Greater Toronto Area. People who work in GTA can choose to live in Stoney Creek for its affordability yet they can still enjoy the salary of the companies that are located in the bigger cities.