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Construction and Investment
Since its formation in 1995, the City of Miramichi has enjoyed steady building
activity.
On average 40 new single family homes have been constructed each
year since 1995. Commercial and industrial construction activity has occurred
which has further strengthened the municipal tax base.
- Since the City was formed in 1995, over $104,000,000 in new construction
has occurred. Of this amount, 27% is attributed to new commercial development.
- In recent years, new construction in the City exceeded $28,000,000, with
43% of that growth occurring in the commercial sector.
- Land development costs are very reasonable, with no development charges
applied to new development.
- Building permit fees are $6.00/$1000 of new construction for commercial
or industrial projects, and are among the lowest rates in the Maritime
region. Single and two unit homes are assessed a building permit fee at
a rate of
$4.00/$1000.
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