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    Highrises, homes help drive London construction past $1B for 5th straight year

    November 25th, 2020

    The value of construction in London has blown past the $1-billion mark in 2020 for the fifth straight year, a milestone bolstered by large highrise developments and building of new family homes.

    As of the end of September, city hall had issued nearly 3,000 building permits worth $1.06 billion.

    But though large industrial projects, such as the Maple Leaf Foods processing plant, helped the city reach that mark in previous years, housing developments are behind Londonโ€™s latest milestone, said Peter Kokkoros, city hallโ€™s deputy chief building official.

    โ€œA significant factor to the $1 billion this year is apartment building construction, whereas last year and the year before, there were some major industrial developments. . . that helped with that number,โ€ he said.

    A big booster in 2020 was the approval of Old Oak Propertiesโ€™ Centro project at 100 Fullarton St., the former Camden Terrace site in Londonโ€™s core.

    For the full article, please click here to visit the London Free Press website.

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