For the three-month period ending March 31, construction values surpassed last year’s numbers by 20 percent for the same period. In the first three months, the City saw building activity of $23.9 million versus $20 million last year.
According to the City’s building statistics report, total construction for the same period in 2015 was $11 million; in 2014, the value of permits was $7.4 million.
The total building values for 2016 were $77.9 million and, in 2015, the building values were $68.8 million.
“Building values have continued to trend upward year over year since 2014. This is an encouraging sign and we are optimistic we will see continued strength in these numbers,” said Mayor Al McDonald.
A City building permit is required to build, demolish, or renovate a dwelling. The City’s building statistics provide a record of all the permits issued during a period of time for residential, industrial, commercial, and institutional construction in North Bay.
