New construction in Sylvan Lake slacked off in August with just five permits granted for new homes.
The total value of permits issued was pegged at just over $1.2 million, in month-end figures released by the town last week. That compared to slightly more than $4.5 million in the same month a year ago.
However the year-to-date total continues to be almost twice the 2011 tally. Eight months into the year, permits have been issued for $40.76 million while last year the total was $24.1 million.
Three of the new homes are being built in Ryders Ridge while the other two permits were for homes in Beacon Hill subdivision. Construction values for the homes were between $170,400 and $250,315.
These five permits brought the number of homes started so far this year to 64 which is down slightly from last year’s 79 starts by the end of August. However, Sylvan Lake has seen a significant increase in the number of multifamily units under construction with 88 units started compared to 14 the previous year.
Other permits were issued for basement developments (6), demolitions (4 – including the lighthouse and rental shack at the marina), accessory buildings (3), detached garages (2), decks (2), and a hot tub.