For the second time in its history, the City of Oshawa has surpassed half a billion in construction value ($558.7 million) shattering 2014’s record by $52 million.
Oshawa has continued its record-setting trend by establishing five new building records in 2015:
Oshawa’s $558.7 million total construction value included $454.4 million in residential (which is $167.5 million more than the previous record set in 2013), $63.7 million in governmental/institutional, $29 million in commercial and $11.6 million in industrial value.
Some of the major 2015 projects included:
In addition, there were 1,364 new residential units created in Oshawa consisting of 733 single detached dwellings, 385 apartment units, 186 townhouse units, 29 accessory dwellings, 25 semi-detached dwellings and 6 duplexes.
“Oshawa set a new all-time construction record again in 2015,” said Councillor John Aker, Chair of the Development Services Committee. “In 2016, we look forward to the opening of Highway 407. In the downtown, the planning process has started for the 24-acre Fittings property on Bruce Street owned by Medallion. This area is proposed for 1,770 residential units with some commercial development. Future announcements will follow.”
“Our builders are telling us that the majority of people purchasing houses in Oshawa are coming from the west end of the G.T.A.,” says Mike Leonard, Oshawa’s Chief Building Official. “People are moving to Oshawa because they can get more house for less money. Oshawa is a great place to live, work, learn and play.”
Oshawa has kept monthly building records since 1975, while yearly records date back to 1963. For more information on Building Permits & Inspection Services, visit our webpage.