BUILDING PERMITS UP 79% OVER 2015 AND UP 200% OVER 2014
NORTH BAY, ON: Total building values reached $47,420,958 in the first five months of 2016. This represents a jump of 79% over 2015 year-to-date and 200% increase over June 1, 2014.
“Incredible strong start to the year, thanks to large projects in our city,”
stated Mayor Al McDonald. “We are hearing from investors and developers that there continues to be a lot of interest in our city. Council and staff’s number one priority is building the city. This focus and strategy is paying dividends for our community.”
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).
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); June 1, 2015 ($26,388,049) and June 1, 2014 ($15,806,080).