News

Greater Sudbury Experiences Strong Growth Within the First Nine Months of 2024

Throughout the first nine months of the year, Greater Sudbury experienced considerable growth in all sectors.

“Everywhere you look there is something happening in Greater Sudbury,” said Mayor Paul Lefebvre. “This growth and change is a testament to our community’s resilience, the dedication of our local businesses, and the strategic investments we’re making to attract new opportunities, including significant housing development. Together with Council, I am looking forward to building on this success, creating more opportunities for our residents, providing more homes for our growing population, and making Greater Sudbury an even better place to live, work, and play.”

Through the latest Stats Can estimate, the city’s population has reached 179,965, a significant increase from the 2022 estimate of 175,307. This due in part to efforts to address labour shortages such as participating in the Rural and Northern Immigration Pilot Program (RNIP) and becoming Northern Ontario’s first designated referral partner for the Global Talent Stream and Dedicated Service Channel through Immigration, Refugees and Citizenship Canada (IRCC). The growth in population has surpassed federal and provincial expectations and shows no signs of slowing down for the next 30 years.

Reflecting this increase in population and the current economic climate, housing remains a top priority. In the first three quarters of the year, there have been 833 new housing units issued for construction, 130 new residential permits approved and 969 residential renovation permits approved. With developments at various stages all throughout the city, including Project Manitou, the Peace Tower and numerous new homes and subdivisions being built in the most desirable neighborhoods, we continue to increase the number of affordable units and homes in the city.

Residential construction is not alone in contributing to the growth of Greater Sudbury. In the first nine months of 2024 the City issued 377 permits for industrial, commercial and institutional (ICI) projects throughout the community, amounting to a construction value of over $290 million. In total there is over $561.1 million of construction value in permits issued for all sectors in the city so far in 2024.

The City of Greater Sudbury continues to be a top destination for investment, tourism and film productions in Northern Ontario. With new business partnerships now in place along with several international delegation visits, the world is taking note of what Greater Sudbury offers in land, talent and resources.

To view the full economic bulletin for the first nine months of 2024, along with an overview of a new development project, please visit: https://investsudbury.ca/about-us/economic-bulletin/