North Bay marks second highest construction year on record
North Bay, ON – Jan. 9, 2020 – Year-end building permit numbers show that 2019 was the second highest construction year on record in North Bay.
Up over 2018’s total of approximately $65 million, building permit values for the year reached $93.3 million, the highest value seen since 2006.
Residential, commercial and industrial construction values were all up year over year in 2019 compared to 2018.
The year closed with commercial building permits totalling approximately $45.5 million, compared to $17.4 million in 2018. Industrial building permits totalling $12.7 million were up by approximately $1.6 million over 2018 and residential construction came in at approximately $22.5 million, an increase of more than $7.8 million compared to the previous year.
That represents a total of 96 new dwelling units, including 33 single family dwellings, nine semi-detached units, three duplexes and 51 townhouse or apartment units.
Miscellaneous and institutional building permit values softened in 2019 compared to 2018, coming in at approximately $10.6 million and $1.97 respectively, compared to $19.6 million and $2.18 million.
“We are pleased with how we ended the year. Council has been focused on growth and the second highest construction year on record is a positive indicator for our economy,” said Mayor Al McDonald. “We’re looking forward to another strong year of building construction in 2020.”