Construction volume in Oshawa saw an increase in activity last month, with the City of Oshawa setting four building records for the month of August 2019:
- Highest August Total construction value of $128,227,500 (surpassing the 2014 record by $60 million)
- Highest August Residential construction value of $72,520,900 (surpassing the 2013 record by $31 million)
- Highest August Governmental/Institutional value of $41,214,000 (surpassing the 2010 record by $28 million)
- Highest August for Apartment Units created (214 units surpassing the 2013 record of 206)
During the month of August, the City issued 98 building permits for a total of $128 million in construction value. Of that total, $72.5 million in Residential construction, $41.2 in Institutional, $12 million in Industrial and $2.5 million in Commercial construction was issued.
An additional 11,107 square metres of new institutional floor space, 9,945 square metres of industrial and 255 square metres of commercial floor space were created in August. There were 235 new residential units consisting of 214 apartment units, 12 accessory dwelling units, five single-detached and two semi-detached dwelling units.
Major projects issued in August 2019 included:
- Oshawa Coldstream Retirement Development Limited – 7-storey apartment building (1224 Coldstream Dr.) – $40,000,000
- Ontario Tech University – 5-storey academic student building (40 Founders Dr.) – $38,670,000
- Trent University Durham GTA – 6-storey student building (75 Thornton Rd. S.) – $25,590,000
- Piret (1000 Thornton Rd.) Holdings Inc. – industrial building (980 Thornton Rd. S.) – $11,934,500
Oshawa’s year-to-date total construction value is more than $270 million with still four months remaining in 2019.
Oshawa has kept monthly building records since 1965, while yearly records date back to 1963. For more information, visit our Building Permits & Inspection Services webpage.
Quotes:
“Oshawa’s surge in building permits stems from a number of large projects that are under development across the city,” says Oshawa Mayor Dan Carter. “We broke four building records alone in August, indicating once again that Oshawa is a very attractive and competitive city for investment.”
“The numbers are in and four new building records illustrate that Oshawa’s one of the most attractive cities in the GTA for business and an exciting community of choice for homebuyers and employers alike. Oshawa has already hit the quarter million mark for year-to-date construction value at a staggering $270 million and we are looking forward to recording even more construction activity this year to set another record year in economic development for our city. As Chair of Development Services, I can proudly say that modernizing our efforts to efficiently deliver effective and responsive customer service and reposition our city through the refreshing lens of the renewed direction of our entire department and staff has made it clear that we are committed to strategically attracting community investment and intelligently fostering economic development,” said Councillor Tito-Dante Marimpietri, Chair, Development Services Committee.
“These diverse new development projects occurring in all quadrants across the City bring tremendous opportunities for strengthening Oshawa’s economic growth and renewal!,” said Councillor Rosemary McConkey, Vice-Chair, Development Services Committee.
