With nearly two months remaining, the City of London is on pace for another record year of construction activity.

The city announced on November 6 that it had issued more than $2.2 billion worth of building permits for the year to date. That figure surpasses last year’s total annual value.

“Reaching this milestone is another clear sign of confidence in London’s growth and demonstrates the effectiveness of the measures we introduced to deliver new housing and investment,” said Mayor Josh Morgan. “By continuing to streamline approvals and fast-track housing projects, we’re exceeding our early targets and reinforcing our commitment to build new homes and stronger neighbourhoods for Londoners.”

The city’s modernization of building and development processes, including enhanced review timelines, improved customer service, and closer collaboration with industry partners has helped accelerate housing delivery and support sustainable growth.

Since January, the city has issued more than 3,200 building permits have, enabling the creation of more than 4,000 new residential units.

“This achievement demonstrates the ongoing success of the City’s efforts to simplify processes and prioritize housing,” says Scott Mathers, Deputy City Manager, Housing and Community Growth. “We’re seeing the results of these initiatives through record permit values and real progress in expanding London’s housing supply.”

The city surpassed $1 billion in construction value on July 1.