More growth in building permits for the City of Moncton.
The total value grew to $174.2 million year to date.
As of the end of September, 848 permits had been issued, 310 of those were in the third quarter alone.
Residential construction represents 51 percent of the third quarter activity.
In Q3 alone, the city issued 91 permits for residential projects, creating 206 new residential units with a total value of $38.2 million. Amongst the notable projects is the construction of a $16.6-million, 123-unit apartment building located at 310 Millennium Boulevard and a $12.3-million, and 59-unit apartment building located at 2500 Mountain Road.
“Moncton’s continued housing development efforts are vital in addressing the housing shortage and affordability challenges, playing a crucial role in the city’s growth,” says Moncton Mayor Dawn Arnold.
Institutional and government projects also saw growth, with permits valued at $8.4 million during Q3, including renovation projects at Dr. Georges-L.-Dumont University Hospital Centre and Moncton High School.
Commercial and industrial construction has been bustling with 37 permits in the third quarter.
Notable among these projects is the construction of an $11.3-million four-storey warehouse and office building at 55 Chief Noah Augustine Dr. and a $2.1-million one-storey building at 70 Granite Drive.
