City of Oshawa records strongest year of building activity with over $900 million in permit values
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The City of Oshawa is pleased to report that building permit activity in 2022 exceeded any year in Oshawa’s recorded history. Oshawa’s previous building permit record was set in 2017 at $614 million. In 2022, the City shattered that record with more than $900 million in building permit values!
In total Oshawa set 25 new building records in 2022. Highlights include:
- highest total construction value issued in any one year ($901+ million)
- highest total residential construction value issued in any one year ($762+ million)
- 12 new industrial and commercial buildings, which continue to generate even more local jobs.
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.
The City has thrived through a remarkable run of development activity in recent years. From 2018-2022, the City issued more than $250 million in job-producing industrial building permits and more than $2.7 billion in total building permit values over the same period.
Looking towards Oshawa’s economic future, the Northwood Business Park presents the City’s next prime employment development opportunity. Approximately 202 hectares (500 acres) of developable land designated for employment and commercial uses are attracting further investment in proximity to our post-secondary institutions and the Oshawa Executive Airport.
A complete list of the 25 building records and new developments issued is featured below.
Oshawa has kept monthly building records since 1965, while yearly records date back to 1964. For more information on Building Permits & Inspection Services, visit the Building and Renovating webpage.
For more information on Northwood Business Park, visit the Northwood Business Park webpage.
For City of Oshawa updates, visit Oshawa.ca/NewsCentre to follow us on social media, subscribe to news and alerts, and have your say on Connect Oshawa.
Quotes:
“This incredible year of construction reflects a rapid pace of investment and economic growth across the great City of Oshawa,” said Mayor Dan Carter. “We’ve seen billions of dollars invested in recent years and thousands of new jobs created from major international companies which is further positioning Oshawa as one of the best places to live, learn, work and invest.”
“Oshawa has recently become recognized for breaking development records and 2022 was no exception with 25 new building records and total construction value breaking all records approaching $1 billion,” said Councillor Tito-Dante Marimpietri, Chair of the Economic and Development Services Committee. “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.”
“Our population growth has been amongst the highest in Canada. We’re pleased to report that Oshawa is on a remarkable path – we are well poised for this growth and we continue to build for the future,” said Councillor Bob Chapman, Vice-Chair of the Economic and Development Services Committee.
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