2021 was a record-smashing year for construction in North Bay.
The city previously announced the record was broken last fall, but announced the final tally on Monday.
Construction values were over $153 million last year.
That beats the 2006 record by about $52 million and is more than double the 10-year average of $75 million.
“Despite the many challenges associated with the pandemic, our city continues to experience economic growth,” says Al McDonald, Mayor of the City of North Bay.
Residential construction ended the year over $78 million.
This included 245 new dwelling units for the year:
- 86 single-detached dwellings
- 138 multi-residential units
- 10 semi-detached units
- 9 secondary units
- 2 duplexes.
The city says the 10-year average for total new dwelling units is 66.
“These new housing starts will bring much-needed new supply to the local market and help to ease the housing supply shortage that’s affecting the entire country,” says McDonald.
Construction values for other sectors include:
- Institutional sector – $51 million
- Commercial $9.5 million
- Industrial $12.2 million
McDonald says they’re expecting 2022 to be another busy year for construction with January construction values up compared to the same period for the previous two years.