Quote:
Originally Posted by Scarface
I thought Moncton's numbers would have been a tad bit higher since there has been a lot of construction going on. But how long are building permits good for after being issued? If it's a year, or more. It could be the reason the numbers seem so lo despite the amount of construction around the city.
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1) - a building permit can be issued some time before construction actually begins, so yes, the stats can be misleading. It should be remembered however that for big projects, the building permits can be issued in stages, spreading out the value of construction over a period of time.
2) - the values I posted were only for the third quarter of 2017. Annualized, that would be nearly $400M in construction in the Moncton CMA - nothing to sneeze at.........