Year-to-date construction value issued in Oshawa has already exceeded 2019’s total construction value by $8 million, with the city setting yet another building record in June.
This year saw the highest June for industrial permit value ($62.93 million) since 1986 ($16.47 million).
Four major projects issued in June 2020 contributed to these milestones:
– CSPAC Industrial Thornton & Wentworth – new industrial (883 Thornton Rd. S.) total value of $49,100,400.
– Oshawa South Self Storage Limited Partnership – new industrial self-storage building (600 Fox St.) total value of $13,800,000.
– 2285136 Ontario Ltd. – new commercial building (2610 Simcoe St. N.) total value of $4,700,000.
– RioCan Management Inc. – new commercial building (2650 Simcoe St. N.) total value of $4,025,600.
During the month of June, the city issued 96 building permits for a total of $82.5 million in construction value, breaking down to $62.93 million in industrial construction, $9.95 million in residential, $9.6 million in commercial and $28,400 in governmental/institutional.
In June, the city issued 26 new residential units consisting of 10 semi-detached units, nine accessory dwelling units and seven single-detached dwellings.
Oshawa’s year-to-date residential construction value ($243,073,600) has already surpassed last year’s total by $89.5 million. With six months remaining, year-to-date categories of total construction value, number of semi-detached dwellings and apartments as well as total residential units have all surpassed 2019 year-end totals.
Oshawa has kept monthly building records since 1965, while yearly records date back to 1963.
“At the mid-way point in 2020, a year with unprecedented challenges, it is remarkable how the City of Oshawa has broken its sixth building record,” says Ward 1 City Councillor Rosemary McConkey. “From the new commercial buildings by the RioCan plaza and Highway 407, to additional storage units by the Smart Centre plaza and Highway 401, together with almost $10 million in residential building permits across the city for the month of June, amount to the kind of activity indicative of a strong economic outlook for Oshawa.”