Construction up in Brantford
Construction is up in the city of Brantford compared to last year.
The city's building department reported that Brantford has seen $118.9 million in construction activity so far this year. That amount exceeds the entire 2011 construction value of $90.8 million.
“The construction industry is difficult to predict as it continues to reflect the economic climate throughout the country. However, we are encouraged that the year-to-date construction value has exceeded $118 million, and are also encouraged by the number of permits issued to date this year,” wrote building department director Doug Clark in a report presented to committee of the whole council on Monday.
Notable increases to industrial and single family dwelling builds account for the positive showing. To date this year, the city has issued 158 permits for single family dwellings at a value of $22 million, as opposed to 109 permits worth just under $15 million issued by the end of September 2011.
Industrial builds were worth only $3.2 million over the same time period last year, but this year 59 permits have been approved at a value of over $45 million.
Data from the monthly building reports is used by local contractors and developers, as well as the real estate board and other city departments, to track and forecast building trends and revenues.