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Moncton has strongest June for building permits since 2009, bolstered by hospital addition

July 23, 2015

MONCTON – City of Moncton building permits picked up some momentum in the second quarter of 2015, thanks in part to construction on the new surgical suite at the Dr. Georges L. Dumont hospital.

The total value of permits for the second quarter ending June 30 came in at $36.8 million, up from $33.4 million during the same period last year.  While year-to-date figures continue to trail those of recent years, there are signs of growth in the number of permits issued across all categories. 

Institutional permits made up for nearly half of the quarter’s totals, including the $13.5 million project at the Dumont, $2.8 million for the new fire station on Caledonia Road, $1.1 million in renovations for the Public Works building at 1045 Main St. and  another million for expansion and renovations at the Small Blessings Daycare on Centennial Drive.

Residential permit values for the month of June were at $5.9 million compared to $4.5 million last June.  The supply of residential inventory continues to be strong so housing starts have been weaker than in previous years. Year-to-date, residential permits are at $11.8 million, down from $20.5 million this time last year.

Commercial permits also continue to lag behind last year. There were 57 commercial permits issued during the second quarter, valued at $7.6 million. During last year’s second quarter, 58 permits were issued, valued at $14.8 million.

The City’s Economic Development team also continues to build a pipeline of new business prospects with both local and foreign investors and entrepreneurs.

“Having strong institutional investment is terrific, but our focus is really on growing private sector investment and enterprises,” said Kevin Silliker, Director of Economic Development. “We are feeling positive about the projects in development which we are working with to help establish or expand.  In addition, we are actively meeting with developers and land owners who are interested in participating in the City’s new Downtown and Heritage financial incentive program.”

A new three-year pilot program was launched in May to spur development within the downtown core and among designated Heritage properties in the city. Interested parties are encouraged to contact Economic Development at 853-3591 or by email at moncton1@moncton.ca for further information.

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Media Contact:

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