The City of Brantford released the December 2017 Summary Report on Construction Activity. The report shows a construction value of $14.558 million for permits issued in the month. The year-end construction value of $202.748 million is above last year's total of $184.084 million, and concludes the year as the second highest construction value ever attained in the City of Brantford, an increase of 10.14% over 2016.
Values attained in the month are below the values attained in December 2016, as well as below the five year average for construction values reached in the month of December. Typically, peaks seen in the construction value are the result of a large value permit being issued in a particular month. In December 2016, a building permit was issued to Wilfrid Laurier I YMCA for the construction of their new facility at 99 Colborne Street, which had a construction value of $58.9 million. The average construction value for the month of December for the years 2013 through 2016 without including this large value project is $3.94 million.
Increases were seen in the Single Detached Dwellings (New) and Residential (Accessory, Alterations, Additions) sectors, while the largest decrease was seen in the Commercial sector.
For the year, a total of 977 building permits have been issued, which is an 8% increase from the 904 permits issued in 2016 over the same time period.
Staff remains optimistic that the construction industry will continue to provide high levels of activity into 2018.
QUICK FACTS
- A total of 55 building permits were issued in December, having a total construction value of $14.558 million.
- The largest permit in terms of construction value was issued to a numbered company for the construction of a new industrial building, located at 71 Middleton Street, which had a construction value of $6.295 million.
- A total of twenty-one building permits were issued for construction of new single detached dwellings, having a total construction value of $7.174 million.
- For the year, a total of 977 building permits have been issued, with a total construction value of $202.748 million.
The full report is available on the City of Brantford's website.