Investment

In 2010, the total building permit value for the North Central region stood at a five-year low of $90.3 million, making up 0.8% of the provincial total.  In 2010, the total building permit value for the North Central region decreased by 48% from 2009, but was 93% higher than the 2005 level.  The decrease between 2009 and 2010 can be attributed to a large decrease in industrial permits of 93% to $4.7 million and an 86% drop in institutional permits to $4.8 million.  Over the same period, residential permits increased by 7% to $60.5 million, while commercial permits decreased by 3%.  Between 2005 and 2010, residential permits increased by 75%.

The total number of dwelling units for which building permits were taken out in the North Central region in 2010 was 296.  This was a 5% increase from the previous year and a 27% increase from 2005 levels.  Over that five-year period, the number of multiple family dwelling units rose by 75% to 70 units in 2010.  Over the same period, the number of single dwellings increased by 17% to 226 units.


Date Updated:
RDP-2443