In­crease in per­mits promis­ing

Calgary Herald - Calgary Herald New Condos - - New Condos - MARTY HOPE DAVID WAT­SON, CITY OF CAL­GARY

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.

Cal­gary Her­ald Archive

David Wat­son, city gen­eral man­ager of plan­ning, de­vel­op­ment and as­sess­ment.

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