Abridged from the T&T:
Metro building permit values jump
Published Friday October 21st, 2011
Planning commission's year-to-date report shows Metro Moncton's building permit values see significant hike
A1
BY ALLISON TOOGOOD
TIMES & TRANSCRIPT STAFF
Metro Moncton and its surrounding areas are continuing a banner year for building permits, with construction values adding up to impressive figures.
While the actual number of permits in almost every category are down, the Greater Moncton Planning District Commission reports that the values of those permits are much higher than in 2010.
The City of Moncton itself recorded the highest rise in value for its year-to-date totals: $157 million worth of building projects approved, compared to $121 million at the same time last year. The total value of permits increased by almost 30 per cent.
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Although there were 84 less permits, this year's total regional value for the 1,906 permits issued so far in Moncton, Dieppe, Riverview and the villages and unincorporated areas surrounding the tri-community is $282,416,478.60, an 8.6 per cent improvement over 2010.
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Dieppe saw a permit value rise to $64 million for the year, compared to $2 million less last year. Riverview recorded similar results, with $21 million this year, versus $19 million in 2010.
http://timestranscript.canadaeast.co...rticle/1449674
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I was really concerned coming out of 2009 and 2010 that the city's construction numbers would hit a wall once the big provincial infrastructure spending and casino were through. Granted there still has been some public sector investment, like the new public works building in Dieppe, the stuff going to the university and the Dumont heating plant, but the lion's share is private sector investment in the economy.
As has been pointed out before, the apartment construction going on right now is unreal, all three industrial parks are undergoing expansion and filling up quickly, and now it seems the retail sector is finally going to climb out of the recession. Exciting times!