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Moncton building permits are firing on all cylinders


July 25, 2016

MONCTON – City of Moncton building permits have had a very strong showing in the second quarter of 2016, easily exceeding the same period over the past ten years.

The total value of permits for the three months ending June 30 came in at $122 million, up from $37.8 million during the same period last year. Without factoring the $74.8 million permit for the Downtown Centre, the quarter still improved by 24% over last year.

“It is really encouraging to see so much action, especially the burst of construction activity happening in our Downtown,” said Mayor Dawn Arnold. “We believe there is great momentum right now that is spurring new projects and new investment in our City.”

Residential building permits were particularly strong at $24.1 million for the quarter, up from $8.4 million in Q2 of last year. The quarter saw a good mix of single family dwellings, duplexes, row house construction along the Salisbury Road, and a major addition to an apartment building on Lewisville Road. Institutional permits accounted for $4.75 million or 3.9 per cent of the quarter’s activity, largely shared between renovations at the Moncton Hospital and Harrison Trimble High School.

Commercial activity in the second quarter included $4.3 million in additions at Organigram, $800,000 in new office/retail space on Mountain Road near Gorge Road, as well as a good number of renovation projects. These included sites such as Iron Mountain, Fedex, the retail area at 165 Main St., Altec Construction, and a training facility at Heritage Court for WestJet. Excluding the Downtown Centre, there were 90 commercial permits issued in the quarter valued at $16.8 million – compared with 61 permits worth $9.2 million over the same period last year.

The total number of permits issued year-to-date is 604 – the highest over the past 10 years – and up sharply from 451 during the first half of 2015. The total value year-to-date is just shy of $164 million, where it was nearly $47 million this time last year.

The City’s Economic Development team also continues to nurture relationships that are bringing new development and opportunities into the City.

“We’re really focused on bringing a concierge approach to investors and developers,” said Kevin Silliker, Director of Economic Development. “We want to help facilitate investment activity from concept to opening, and beyond – which has a huge impact on confidence when choosing to build in Moncton.”

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INFORMATION

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

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