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King Street Building Permit Values

Definition

Cumulative building permit values measures the total value of residential and commercial permit values between 2011 and 2019.

Why This Matters 

Building permit data are widely used as a leading indicator for the construction industry since the issuance of a building permit is one of the first steps in the construction process. Statistics on building permits are essential for the computation of residential capital expenditures and inputs for the quarterly and annual estimates of net capital stock and depreciation by component. They are also a major input in the computation of the investment in non-residential building construction on a sub-annual basis. In addition, the results of this survey are used by CMHC (Canada Mortgage and Housing Corporation) as a reference base for conducting a monthly survey of housing starts and completions in accordance with its mandate. The statistics are used by a wide range of economists, construction industry analysts, housing market analysts and economic development officers across Canada.

Measurement and Limitations

The Town of Bridgewater Engineering Department keeps track of all building permit values on an annual basis. The data for King Steet is collected for properties between Victoria Road to Maple Street. The permit values are calculated from different kinds of work done to buildings including renovations, new construction, additions, repairs and changes in uses.

Data Source

Town of Bridgewater – Engineering Department

 
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King Street Building Permit Values in the Sustainable Development Goals

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8. Promote inclusive and sustainable economic growth, employment and decent work for all
8. Promote inclusive and sustainable economic growth, employment and decent work for all

8. Promote inclusive and sustainable economic growth, employment and decent work for all

Roughly half the world’s population still lives on the equivalent of about US$2 a day. And in too many places, having a job doesn’t guarantee the ability to escape from poverty. This slow and uneven progress requires us to rethink and retool our economic and social policies aimed at eradicating poverty.

A continued lack of decent work opportunities, insufficient investments and under-consumption lead to an erosion of the basic social contract underlying democratic societies: that all must share in progress. The creation of quality jobs will remain a major challenge for almost all economies well beyond 2015.

Sustainable economic growth will require societies to create the conditions that allow people to have quality jobs that stimulate the economy while not harming the environment. Job opportunities and decent working conditions are also required for the whole working age population.

9. Build resilient infrastructure, promote sustainable industrialization and foster innovation
9. Build resilient infrastructure, promote sustainable industrialization and foster innovation

9. Build resilient infrastructure, promote sustainable industrialization and foster innovation

Investments in infrastructure – transport, irrigation, energy and information and communication technology – are crucial to achieving sustainable development and empowering communities in many countries. It has long been recognized that growth in productivity and incomes, and improvements in health and education outcomes require investment in infrastructure.

Inclusive and sustainable industrial development is the primary source of income generation, allows for rapid and sustained increases in living standards for all people, and provides the technological solutions to environmentally sound industrialization.

Technological progress is the foundation of efforts to achieve environmental objectives, such as increased resource and energy-efficiency. Without technology and innovation, industrialization will not happen, and without industrialization, development will not happen.

12. Ensure sustainable consumption and production patterns
12. Ensure sustainable consumption and production patterns

12. Ensure sustainable consumption and production patterns

Sustainable consumption and production is about promoting resource and energy efficiency, sustainable infrastructure, and providing access to basic services, green and decent jobs and a better quality of life for all. Its implementation helps to achieve overall development plans, reduce future economic, environmental and social costs, strengthen economic competitiveness and reduce poverty.

Sustainable consumption and production aims at “doing more and better with less,” increasing net welfare gains from economic activities by reducing resource use, degradation and pollution along the whole lifecycle, while increasing quality of life. It involves different stakeholders, including business, consumers, policy makers, researchers, scientists, retailers, media, and development cooperation agencies, among others.

It also requires a systemic approach and cooperation among actors operating in the supply chain, from producer to final consumer. It involves engaging consumers through awareness-raising and education on sustainable consumption and lifestyles, providing consumers with adequate information through standards and labels and engaging in sustainable public procurement, among others.