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Smart Growth Action Plan Supported by Build Thunder Bay
Thunder Bay’s Smart Growth Action Plan outlines a bold roadmap for long term prosperity supported by Build Thunder Bay to help drive population growth, economic strength, and new opportunities for residents, businesses, and newcomers.
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.
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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