Moncton Residential Construction Strong.
Thursday, November 01, 2012
Times & Transcript
http://22864.vws.magma.ca/index.php?&article_id=10081
Positive growth continues in several categories in September
Permits issued for residential construction in Moncton continued to exceed other categories in September.
A total of 36 permits were issued in September and were valued at approximately $3.5 million. This represents a 7.8 per cent increase from same time last year.
Single-family dwellings saw the most renovations, closely followed by new duplex construction. Heading into the final trimester of 2012, the year-to-date value of residential construction permits is well over $64 million.
Commercial and industrial construction followed closely behind residential construction with 27 permits issued at a net value near $5.5 million. The most significant commercial development is Meadowdale Properties' construction of a retail strip mall at 1909 Mountain Rd., valued at $1.8 million.
Despite issuing only two institutional permits in September, their combined value of over $17 million represents a 25.8 per cent increase compared to September 2011. September's total amounts to 85 per cent of the year-to-date value in this category thus far for 2012.
September also saw the City of Moncton issue the building permit for the construction of the new francophone elementary school on Ryan Street.
Permits for signs and various other construction improvements, such as fences, pools and retaining walls, were valued at more than $168,000 for the month. It also represents an increase of 37.4 per cent compared to September 2011.
The city's Building Inspection Department also wants to remind people that any structure being added to a site, including accessory buildings, fences, decks, requires building and development permits.
September 2012 highlights include: Construction of 112,253 sq. ft., École Moncton Nord, 701 Ryan St., $17,120,462; Construction of strip mall: 1909 Mountain Rd., Meadowdale Properties, $1.8 million; Construction of Harvey's Restaurant: 1521 Mountain Rd., Cara Operations Ltd., $620,000; Interior fit-up to create Tag store: 110 Wyse St., Mapleton Holdings Inc., $550,000; Interior fit-up to create Dental Clinic: 1435 Mountain Rd., Lomax Investments Inc., $400,000; Interior renovations to first floor: 95 Foundry St., Heritage Court Holdings Ltd., $320,000.