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City of Moncton 2015 building permits finish year on high note


January 12, 2016

MONCTON – After a slow start to 2015, building permits in the City of Moncton made a solid recovery to record an improvement over 2014 and set the stage for continued growth into the year ahead.

“Given the challenges of the global economy, we are very fortunate to see continued growth in our community,” said Moncton Mayor George LeBlanc. “With the ground breaking of the Downtown Centre project slated for this spring, we look forward to continued investment in our city.”

The first 5 months of 2015 were the weakest of the past decade, particularly due to the long, snowy winter that delayed or deferred a number of projects around the City.

This past July, however, was the best one on record, as more than $35 million in permits – representing more than 27% of the entire year – came in across all classes. These included large projects like École Champlain, a special care facility on John Street, a new RBC Centre on Saint George Blvd, and a distribution centre for FedEx on Commerce Street.

Apart from July, notable projects to break ground in 2015 included a new surgical suite at the Dr. Georges L. Dumont hospital, a new fire station on Caledonia Road, retail developments at the Northwest Centre as well as 165 Main Street, the YWCA Centre for women on Kendra Street, and the establishment of a new seniors’ complex at the site of l’Université de Moncton.

The City of Moncton established a new Downtown and Heritage financial incentive program in 2015, and has already processed several applications including Castle Manor. Other redevelopment projects include the former Tuttle Brothers Funeral Home on Lutz St., the Empire Block next to the Capitol Theatre, and new construction within the vacant lot at 840 Main St. is anticipated to break ground this spring.

The year ended with total permit values of $128.3 million, more than $5 million better than 2014. This growth was in spite of a significant cooling off in residential projects, which represented $32.5 million of the total, down from a high of $82.2 million in 2012 and nearly $54 million in 2014. Commercial permits finished the year at $45.7 million, down from $58.2 million in 2014. Institutional and government construction came in at $45.3 million, which tripled the 2014 figure of $15 million.

 “Moncton saw a number of diverse projects throughout the year, and we continue to work with an increasingly larger number of developers who are looking to make moves in the coming months,” said Kevin Silliker, Director of Economic Development. “While the 2015 numbers were perhaps not as robust as those in recent years, they were still relatively strong given the challenging economic climate we’ve witnessed across the country.”

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Information:

Kevin Silliker
Director, Economic Development 
City of Moncton
506-853-3532 / kevin.silliker@moncton.ca