From today's T&T
http://22864.vws.magma.ca/index.php?&article_id=11466
Building permits in Moncton hit high
Wednesday, July 17, 2013
Times & Transcript
By: Allison Toogood
May shows best year-to-date value in past 10 years; $115 million worth of new construction so far in 2013
May marked a successful month for various sectors' construction and development in Moncton as the year-to-date building permit values hit and exceeded $115 million - the best year-to-date in the past 10 years.
So far, 2013 has more than doubled last year's total new construction value of $55 million.
'Moncton's strong building permit numbers continue to show the health of our local economy,' Mayor George LeBlanc said.
The city issued 77 commercial and industrial permits since January with a development value over $56.3 million; a sharp increase over the $22 million issued at the end of May 2012.
The building inspection department issued 15 institutional and government permits totalling nearly $40 million to date compared to last year, when 13 permits were issued, hitting just over $2.2 million.
'Building activity to the end of May continues to outpace the previous years,' said Sherry Sparks, Moncton's director of building inspection. 'We are expecting the strong commercial and industrial activity to continue into the third quarter of 2013.' Residential construction continues at a steady pace in the city with nearly $30 million in development this year. Although the values show for a lower level of activity when compared to residential activity between 2010 and 2012, it's still within the 10-year average.
May also continued to be steady in the 'other' permit category of construction which includes signs, swimming pools, fences, sheds, garages and other structures. These values totalled nearly $500,000, which is up from the $419,000 reported in May of 2012.
The department's May 2013 highlights include:
Construction of new Kent Building Supplies, located at 45 Babineau Blvd., valued at $5 million.
Construction of new service and repair garage (Parts for Trucks), located at 387 Desbrisay Ave., valued at $2.5 million.
Construction of new retail and wholesale outlet, Atlantic Air Cooled Engines, located at 254 Horsman Rd., at just over $1.1 million.
Addition to existing senior's residence, located at 75 Briarlea Dr., valued at $650,000