Vaughan's construction boom continues

The construction boom in Vaughan continues.

In 2017, the city issued 5,328 building permits worth $1.969 billion in construction value, the municipality's highest amount ever, according to a news release.

That's up nearly 10 per cent from 4,855 permits worth $1.149 billion in 2016.

The bulk of the construction value, $919,626,094, came from building permits for homes, according to the city.

Institutional building permits, meanwhile, accounted for $609,850,974. Building permits for industrial and commercial developments tallied $252,215,161 and $126,522,334 respectively.

Building construction has helped fuel Vaughan's economic growth for the last decade, which averaged 3.5 per cent during that time, according to the city.