Residential housing units up by 20

As we near the end of the year, the City of North Bay has announced an increase in new housing units by 20 over last year total. Single family home construction is down significantly from 2022 (76 homes vs 30) and 2021 (86 homes vs 30). Total residential construction value as of November 2023 of 48.3 million.

According to the latest building permit data, 163 total new dwelling units have been approved for construction as of the end of the November, including 30 single-family dwellings, 18 additional dwelling units, four semi-detached units, and 111 multi-residential units. This represents an increase of more than 20 new units over 2022’s total of 138 and 2021’s total of 139.

In a move to maximize efforts, the City has applied for $18 million from the federal government through CMHC's Housing Accelerator Fund.

The Housing Accelerator Fund aims to encourage local initiatives that increase housing supply and promote the development of complete, low-carbon, and climate-resilient communities.

With approximately $97.2 million worth of building permits issued as of the end of November, nearly half of that amount – $48.3 million – is attributed to residential construction.

Construction activity in other sectors includes $9.8 million for institutional construction, $16.3 million within the commercial sector, and $20.8 million in the industrial sector.