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Big projects continue to dominate City of Moncton building permits over the second quarter

July 17, 2017

MONCTON – The total value of permits for the second quarter ending June 30th came in at $95.2 million, compared with $122 million during the same period last year.  The total number of permits for the quarter was 409, down slightly from 459 in 2016.

Commercial and residential building permits had 3-month totals of $23.5 million and $14.8 million, respectively. The largest drivers of these results included a new hotel on Mapleton Road, valued at $10.5 million, an outdoor plaza at the new Downtown Centre valued at $3.7 million, a new $1.5 million Nordic Spa on Front Mountain Road, and $1 million in office renovations at 1234 Main Street for BDC.

Institutional permits accounted for $55.5 million or 58 per cent of the quarter’s activity, with most of that derived from the new surgical suites at the Georges Dumont Hospital, worth $51.8 million. The Cathédrale Notre-Dame-de-l’Assomption on St. George also came in with $3.1 million of renovations.

“We’ve had some really positive business announcements take place over the past couple of months,” said Mayor Dawn Arnold. “Employers from near and far continue to give us great feedback about the real estate options in this market.”

The City’s Economic Development team echoed this sentiment.

“We continue to focus on facilitating the development of a number of key properties that will have a positive impact on commercial space in particular,” said Kevin Silliker, Director of Economic Development. “But we are also very pleased to see that several Ontario-based firms have included Moncton in their plans for ambitious growth objectives.”

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Richard Dunn
Economic Development Officer, City of Moncton
506-853-3599 / richard.dunn@moncton.ca