Construction in the Town of Stettler at the midpoint of this year has faltered to only one-quarter of the values at the same time last year.
By the end of June, the town issued permits that totalled $3,860,740, well below the figure of $13,628,419. Last year, however, Points West Living support-living complex was registered at $8,675,760, which is listed under institutional.
“We are pretty close on par to last year at this point, excluding Points West,” said Leann Graham, planning and development officer for the Town of Stettler.
“It’s been busy, so that’s positive.”
After a sluggish year in 2012, housing starts are up.
“Residential is up by $1.1 million,” Graham said.
So far, residential development has reached $1,749,660, up from $691,500.
“With all the commercial and industrial development last year, obviously residential development will follow,” Graham said.
Commercial totalled $ 1,912,600, with renovations to several businesses, down from $2,364,459 last summer.
Industrial has produced no development this year after $1,896,700 in the same period last year.
Growth could be on the rise as already in the first week of July, the town has issued permits for $2.2 million, which includes renovations to A&W, expansion of Greidanus Honey Farm, and to Score Projects.
Last year’s final totals:
Construction and building continued to boom in 2012 in the Town of Stettler, with building permits valued as just over $17.6 million, up from $16.1 million the previous year.
More specifically, those permits reflect institutional at $8,729,380 from $82,613 in 2011, industrial at $3,622,900 from $7,683,334 in 2011, commercial at $3,468,848 from $,217,905 in 2011 and residential at $1,819,600 from $3,157,075 in 2011.