OSHAWA, ONT. — Building permit activity in the City of Oshawa in 2022 was more than $900 million, exceeding any year in Oshawa’s recorded history and shattering its previous record of $614 million.
The city set 25 new building records last year including highest total construction value issued in any one year ($901-plus million); highest total residential construction value issued in any one year ($762-plus million); and 12 new industrial and commercial buildings.
New buildings issued in 2022 include RioCan’s development at Simcoe Street North and Winchester Road West, new industrial buildings across the city and two new apartment buildings.
From 2018-2022, the city issued more than $250 million in industrial building permits and more than $2.7 billion in total building permit values over the same period, indicates a release.
The Northwood Business Park presents the next prime employment development opportunity for the city with about 500 acres of developable land designated for employment and commercial uses. It is attracting further investment in proximity to post-secondary institutions and the Oshawa Executive Airport, adds the release.
“Prestige employment lands such as Northwood Business Park with the projection of thousands of new jobs, are bringing unprecedented momentum to Oshawa as an economically diverse and thriving employment hub within the GTA; one that blue chip companies and AAA industrial tenants are being attracted to in a way not seen since the Industrial Revolution,” said Councillor Tito-Dante Marimpietri, chair of the economic and development services committee, in a statement.