The total value of development permits issued so far this
year by Halifax Regional Municipality has reached $487 million, an increase of more
than $33 million over last year, Mayor Peter Kelly announced on Wednesday.
According to the mayor, the key areas of commercial and residential development are
both showing healthy gains. The value of commercial permits issued to mid-August has
soared to more than $125 million; that’s an increase of more than $40 million over the
same period last year. The value of all residential permits issued so far this year stands
at $322 million up by more than $9 million over this time last year.
“These figures clearly demonstrate the solid confidence which the private sector has
in our municipality’s economy,” Mayor Kelly said. “They also justify the optimism which
Council and I, along with residents, have always had in the future of this region.”
The mayor noted that this year’s figures do not yet include any permits associated with
the Nova Centre. The private development moved closer to reality Monday when the
federal government announced it will join HRM and the province in funding the $159-
million convention centre component.