London has topped the $1-billion mark in construction permits for the fourth consecutive year – and full amount for 2019 isn’t even in yet.
City hall recorded $1.27 billion in building in 2019 to the end of November, topping 2018 totals of $1.01 billion and 2017’s $1.1 billion – second only to London’s single-year record, $1.4 billion, in 2016.
Of that 2019 total, $276 million was for 642 single family homes, $192 million was for 875 apartment units, $142 million for 638 townhouses and $884,400 for six semi-detached homes, according to city hall officials.
As for business, there was more than $364 million in industrial building and expansions and more than $660 million for institutional buildings and expansions through the first 11 months of 2019.
December’s construction activity is expected to nudge that $1.27-billion total slightly higher.
City hall saw a total of 4,283 permits issued, representing 2,225 new dwelling units. This is a 2.1% decrease in the number of permits over 2018, even while the construction value is higher.