The value of building permits issued this year is way up over last year says Mayor Al McDonald.
Total building values reached $47,420,958 in the first five months of 2016 representing a jump of 79% over 2015 year-to-date and 200% increase over June 1, 2014.
Most of the value is because of a few large projects.
Some of the larger projects include the MNRF Fire Management Facility at the Airport Industrial Park (5.5M), Hotel (12M), the Health Unit building (15M), and Residential permits (6.6M).
“Incredible strong start to the year, thanks to large projects in our city,” said McDonald. We are hearing from investors and developers that there continues to be a lot of interest in our city.”
The breakdowns of the different classes are as follows:
- Commercial $23,757,356;
- Institutional $16,438,000;
- Residential $6,686,622;
- Miscellaneous $139,010;
- 7 Single-Family Dwellings; and,
- 2 Semi-Detached Dwellings.
Total Building numbers as of June 1,
- 2016 ($47,420,049);
- 2015 ($26,388,049)
- 2014 ($15,806,080).
