Soaring Residential Construction in Moncton
Wow! City of Moncton approves 301 residential units year to end of May representing a 41% increase over 2007.
(and for that matter 2006 which showed 215 units YTD)
Now they may not all be started yet, but soon. If you build it they will come.
(and for that matter 2006 which showed 215 units YTD)
Now they may not all be started yet, but soon. If you build it they will come.
| Building Permits Approved - City of Moncton | ||||||
| Residential Construction | ||||||
|
May |
Year-to-date | |||||
|
|
2008 |
2007 |
% Chg. |
2008 |
2007 |
% Chg. |
| Permits |
123 |
110 |
11.8% |
253 |
245 |
3.3% |
| Units |
106 |
76 |
39.5% |
301 |
213 |
41.3% |
| $ Value * |
$9,030 |
$6,944 |
30.0% |
$25,608 |
$19,442 |
31.7% |
| * In thousands | ||||||
| Institutional & Government Construction | ||||||
|
May |
Year-to-date | |||||
|
|
2008 |
2007 |
% Chg. |
2008 |
2007 |
% Chg. |
| Permits |
4 |
5 |
-20.0% |
20 |
17 |
17.6% |
| Units |
0 |
0 |
- |
0 |
0 |
- |
| $ Value * |
$435 |
$119 |
265.5% |
$2,563 |
$3,325 |
-22.9% |
| * In thousands | ||||||
| Commercial & Industrial Construction | ||||||
|
May |
Year-to-date | |||||
|
|
2008 |
2007 |
% Chg. |
2008 |
2007 |
% Chg. |
| Permits |
31 |
48 |
-35.4% |
109 |
134 |
-18.7% |
| Units |
0 |
0 |
- |
0 |
1 |
- |
| $ Value * |
$2,298 |
$10,180 |
-77.4% |
$7,319 |
$18,228 |
-59.8% |
| * In thousands | ||||||
| BUILDING PERMITS: Grand Total ** | ||||||
|
May |
Year-to-date | |||||
|
|
2008 |
2007 |
% Chg. |
2008 |
2007 |
% Chg. |
| Permits |
158 |
163 |
-3.1% |
382 |
396 |
-3.5% |
| Units |
106 |
76 |
39.5% |
301 |
214 |
40.7% |
| $ Value * |
$11,763 |
$17,243 |
-31.8% |
$35,490 |
$40,995 |
-13.4% |
| * In thousands | ||||||
| ** Residential, Institutional & Government, | ||||||
| and Commercial & Industrial Construction combined | ||||||
That are surely good numbers for an area of that size. It surely means that more people are willing to move in, otherwise I don't think there would be such an increase. As a Toronto">http://www.ellidavis.com/">Toronto real estate agent I do think that the city has the potential to grow.
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Very useful information, thanks
Reply to this
Very useful information, thanks
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