City ap­proves $34M in per­mits

Nearly one quar­ter of all res­i­den­tial

Calgary Herald - Calgary Herald New Condos - - New Condos -

Nearly $34 mil­lion worth of build­ing per­mits for mul­ti­fam­ily hous­ing were ap­proved in Septem­ber by the City of Cal­gary.

It ac­counted for nearly one-quar­ter of all res­i­den­tial per­mits handed out dur­ing the month by the city’s devel­op­ment and build­ing ap­provals depart­ment.

Res­i­den­tial per­mits are granted for new con­struc­tion, as well as ren­o­va­tions and ad­di­tions.

The lion’s share of the value of new multi-fam­ily hous­ing per­mits — about $20 mil­lion — was for four build­ings in the Treo Bea­con Heights devel­op­ment, which is be­ing put to- gether by In­ter­gulf-Cidex Group of Com­pa­nies.

In ad­di­tion, Gin­ger Park by Street­side Devel­op­ment Corp. had per­mits ap­proved for five new build­ings in its west­side town­house com­mu­nity. Over­all, though, res­i­den­tial val­ues were down 22 per cent to $138 mil­lion in Septem­ber co­pared with the same month a year ago.

In terms of build­ing per­mits for sin­gle-fam­ily hous­ing, 231 were ap­proved at a to­tal value of $68.7 mil­lion, down sub­stan­tially from 445 per­mits a year ago at a value of al­most $109 mil­lion.

Non-res­i­den­tial per­mit val­ues were down seven per cent to $93 mil­lion dur­ing Septem­ber, says David Wat­son, gen­eral man­ager of plan­ning, devel­op­ment and as­sess­ment.

Gin­ger Park by Street­side Devel­op­ment Corp. had per­mits ap­proved for five new build­ings in its west­side town­house com­mu­nity.

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