Building was booming in 2023 for the Town of Riverview.
The largest town in New Brunswick achieved over $33 million in building permits last year, with 145 total building permits in local residential, commercial, and institutional infrastructure.
Residential carried the most weight, totaling over $22.8 million, with 49 permits awarded for new housing projects, and an additional 11 permits awarded for multi-residential projects.
“A recent Housing Needs Assessment and Affordable Housing Strategy presented to Council, predicted the share of dwellings in Riverview accounted for by apartments to increase in the coming years” explains Mayor Andrew J. LeBlanc. “As more newcomers choose to put down roots and raise families in town, we need to adapt and be open to evolving housing solutions if we are to continue to be a welcoming, sustainable, and thriving community.”
Commercial activity achieved new heights as well with 2023 building permit values nearly tripling those of 2022.
Looking ahead, construction activity is predicted to continue expanding across a multitude of sectors due to heightened housing and industry demand fueled by rapid growth.
