Building Permits Break Records In Moncton
MONCTON – The City of Moncton hit new heights for building activity in 2021, issuing $296.5-million in permits That’s more than $25-million over 2020’s record-setting pace.
Residential development continued to be the main driver of growth, representing 55 percent of the year’s permit activity, at $163.4-million. This included 12 new apartment buildings with 695 units.
Commercial and industrial activity came in at $102-million for the year, up from just $57.8-million in 2020.
The largest drivers include a $37-million distribution centre for Walmart Canada, a new $10-million Kent Building Centre, and a $4.6-million Manac Service Centre on Price Street.
Downtown development continued to trend positively in 2021.
Downtown construction permits totalled $65.2-million. Many downtown developments, such as the Lafford Towers, Ashford Living, and the Junction development, are currently under construction.
Institutional development was down from 2020. It ended 2021 with $24-million in permits. The largest projects in this category included a new special care home, valued at $8.6-million, and various renovations at local schools and hospitals worth $7.5-million.
“Welcoming so many new people, especially during a pandemic, has been nothing short of remarkable,” said Mayor Dawn Arnold. “Cities the size of Moncton seem to be the ideal choice for a growing number of Canadians for both cost and lifestyle benefits.”
Tara Clow is the news director with 91.9 The Bend in Moncton, a Huddle content partner.