Clarington: Residential construction continues to thrive in Clarington according to the newly-released 2018 Growth Trends Review report.
The total value of building permits in the municipality increased by 4 per cent in 2018, rising from $330.3 million to $343.4 million. The value of industrial, institutional and commercial building permits rose dramatically by more than 60 per cent from $49.4 million to $79.1 million. These non-residential building permit values can fluctuate from year-to-year since large projects require permit payment at the beginning of a project, while construction occurs in subsequent years.
“This report is used as a key indicator of how well we are doing in Clarington in terms of jobs, development and our overall economic performance. As you can see, companies are investing in our community because we are an affordable place to live and to grow your business,” said Clarington Mayor Adrian Foster.
Growing Share
Clarington is one of the fastest-growing municipalities within Durham Region. Over the past 15 years, Clarington’s share of building permit values in Durham has more than doubled, rising from 10 per cent to over 20 per cent. In 2018, the total value of building permits in the Region of Durham was $2.06 billion, an increase of $98 million from the previous year. The Municipality of Clarington contributed about a quarter of that total value.
The 2018 Growth Trends Review highlights growth and looks at emerging development-related issues and trends within the municipality. In 2018, just under half of Clarington’s residential growth occurred within Clarington’s built-up urban areas, which means that the municipality is meeting its intensification goals as set out within the built boundary.
Several projects are contributing to the additional housing growth in Clarington, including:
- The Highway 407 extension and the construction of Highway 418, linking Highway 407 to Highway 401;
- Refurbishment of the reactors at the Darlington Nuclear Generating Station, including the recent announcement that OPG is moving its offices to Clarington;
- The GO Transit Lakeshore East line extension to Bowmanville, and;
- The Toyota Eastern Parts Distribution Plant