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July’s building figures in Moncton highest in a decade


August 29, 2014
 
MONCTON – A combination of residential and retail development, school repairs, and commercial construction combined to push the City of Moncton’s building figures to their highest month of July in the last 10 years.
 
A total of 128 permits valued at $21.9 million was a substantial increase over 2013’s total of $13.8 million. The second highest total in the last decade was $20.9 million in 2010.
 
It was welcome news to city officials. The year, up to this point, had been coming in below the last few years.“The big increase in July’s building permit figures signals a strong and continuing economic development of our city,” said Moncton Mayor George LeBlanc.
 
“What is encouraging is that it represents a good cross-section of interests, from residential to retail and from institutional to government. To grow confidently and prosper, a city needs all these sectors moving forward and this month shows what happens when they do,” he added.
 
Fuelling the growth was a total of 50 residential construction permits for 193 housing units at a total value of $17.4 million. That brings the year’s total in residential building construction up to $37.9 million.
 
Commercial and industrial construction combined amounted to $3.2million spread over 28 permits. The highest permit ($1.68 million) was issued to Mapleton Holdings Inc., 90 Wyse St. to construction a 1,453 square metre building for the future Goodlife Fitness. The same firm took out a $50,000 permit for an exterior retrofit and $130,000 for an interior fit-up to create retail space for Chaussures Pop Shoes along with two further shops for future tenants.
 
Renovations to the existing Pizza Delight restaurant at 1313 Mountain Road amounted to $177,555 while a $179,500 interior fit-up at 360 Elmwood Drive by Tier Too Properties Inc. will create retail space for a new Starbucks.
 
Total commercial construction permits topped $2.8 million while industrial construction amounted to $426,500.
 
The highest permit issued in the institutional category was $400,000 to the Province of New Brunswick, Department of Education to replace the metal siding, brick cladding, windows and three entrance doors for Bernice MacNaughton High School.
The Université de Moncton took out a $100,000 building permit to construction temporary partitions to accommodate FIFA Women’s World Cup.
 
Total institutional construction was valued at $850,000.Total building permits for the year to date are valued at $70,874,493, down from $140,289,597 at this point last year.
 
Building permit totals for June were $12,932,925, up slightly from June of 2013 at $11,135,197. In May of this year, the total was $13,181,869, down slightly from $15,754,256 in 2013.


 
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Information:
Isabelle LeBlanc
Director of Communications, City of Moncton
506-853-3592 / isabelle.leblanc@moncton.ca