A flurry of permits for new single family homes in Sylvan Lake pushed the year’s construction totals higher than last year by 50 per cent.
Permit values totalled $51.5 million for the first 11 months in 2012 compared to $34.3 million in the corresponding period of 2011, according to figures released by the town Monday. Sylvan’s totals haven’t been this high since 2008 when they hit just under $63 million at the end of the year.
Permits were issued for 11 new homes and a five unit row house during November, accounting for over $3.7 million in new construction.
Of those, nine were in the Ryders Ridge subdivision, two in Beacon Hill and one in the cottage area. Construction value of the homes ranged from $158,860 to $312,560. The row housing unit is Building 5 being developed by Asset Builders on 43rd Street across from C. P. Blakely School.
A total of 84 new homes and 93 units in multi-unit buildings have been started this year. Last year’s statistics indicated 92 new homes and 22 units in multi-unit buildings started.
The highest value permit issued last month totalled $2.305 million for a new industrial building on Cuendet Industrial Way for Redcore Enterprises. The company received a conditional development permit in May from the Municipal Planning Commission. It’s for a four bay building with second storey office for the purposes of oilfield services business on three acres. Outdoor storage of machinery and equipment will occur on the property.
The only commercial permit was valued at $15,000 for the expansion of Bamboo Hut restaurant on 46th Street.
Other permits were issued for basement development (11), detached garages (2), decks (2), demolitions (2), a hot tub and a wood stove.
The total value of permits in November was $6,356,161.50 compared to $4,528,507.72 in November 2011.
This was also a substantial increase over the past three months when totals have ranged from $1.2 million to $2.3 million. It was the second highest month this year, the first being March which, at $15.8 million, included a $7.2 million permit for the town hall and 12 permits for a total of 40 units in row houses and duplexes for a total of $5.7 million.