Vaughan's construction boom continues, driven by home construction

Building permits issued by the city jump nearly 10 per cent in 2017

Yorkregion.com
Jan. 19, 2018
By Vaughan Citizen

The construction boom in Vaughan continues.

In 2017, the city issued 5,328 building permits worth $1.969 billion in construction value, the municipality's highest amount ever, according to a news release.

That's up nearly 10 per cent from 4,855 permits worth $1.149 billion in 2016.

The bulk of the construction value, $919,626,094, came from building permits for homes, according to the city.

Institutional building permits, meanwhile, accounted for $609,850,974. Building permits for industrial and commercial developments tallied $252,215,161 and $126,522,334 respectively.

Building construction has helped fuel Vaughan's economic growth for the last decade, which averaged 3.5 per cent during that time, according to the city.