Increase in permits promising
Calgary’s multi-family construction sector hasn’t gone totally silent. According to figures from the City of Calgary, about $18 million worth of permits for apartments, townhouses and duplexes were taken out during May.
That figure is about $3 million more than was approved by the city’s development and building approvals department for the same month a year ago, accounting for onethird of all multi-family permits this year.
Permits for 62 duplexes were valued at $8 million, five permits for 30 apartment units were valued at $6.1 million, while six permits for 31 townhouses had a value of $4.1 million.
The $54.6-million value put on multi-family projects from January to May is a far cry from the nearly $450 million recorded for the first five months of 2008, city figures show.
While permits for new construction were down, renovation permit applications and values remained healthy, says David Watson, city general manager of planning, development and assessment.
“May permit values continue to show an emphasis on improvement projects, particularly in the singlefamily and commercial sectors,” he says.
For May, 488 permits to upgrade detached homes had a value of $8.5 million.
A year ago, 573 permits for fixing up single-family homes had a value of $11.7 million.
David Watson, city general manager of planning, development and assessment.