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Development News & Information

Stay up to date on the latest Thunder Bay development news.
Graphic of buildings illustrrating a dense neighbourhood2025 Major Building Projects

Construction in Thunder Bay continues to accelerate with a 63% increase in construction value over 2024.

February 2026 - Thunder Bay saw another strong year for development in 2025. The City issued 1,036 building permits, construction value climbed to $367.7 million, and 376 new residential units were approved, all increases compared to 2024.

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Thunder Bay saw strong growth in 2025, with $368M in construction value.

January 2026 - The City permitted 377 new homes (up 10%) while completing reviews 47% faster than the provincial standard. Since 2024, $11.3M in Housing Accelerator Fund grants have supported 602 new homes, with most focused on infill and intensification.

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Dense neighbourhood graphic2025 Development Report

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