Third Quarter Permit Stats Indicate Continued Growth for Town of Stony Plain
Housing Starts Continue to Increase, Housing Diversity on the Rise
STONY PLAIN, AB – The Town of Stony Plain continues to demonstrate consistent growth based on the analysis of development permits as a primary indicator.
“The Town analyzes several indicators related to growth each year, development permit approvals is one statistic we use as a reliable indicator of our current economic wellbeing,” says Planning and Infrastructure General Manager Paul Hanlan.
Residential Permit Stats
Housing starts are on a continuous upswing with high-density residential making up the majority.
“A significant increase in high-density residential development translates to an increase in housing diversity. Housing diversity facilitates choice and choice means people can join and remain in our community,” says Mayor William Choy. “This in turn creates greater accessibility to our community. Stony Plain is becoming better suited to cater to a wide variety of current and changing household and economic needs.”
The number of residential permits issued for Q3 (July to September) was 115 with an estimated construct cost of $17,295,663 bringing the total year-to-date residential permits issued to 317 with a total estimated construct cost of $48,603,000.
“Benefits of greater housing diversity can be found across a broad environmental, social and economic spectrum. The Town of Stony Plain recognizes the importance of fostering this trend to enable the continued, healthy growth of this community and Council wishes to continue supporting this strategy,” adds Mayor Choy.
The number of permits and the type of permits is directly correlated to the types of housing and the amount of housing units available in the future.
“Housing is a key element to the social and economic sustainability of the Town. It is important to ensure that a diverse housing supply exists within the community to offer an array of choices for residents. These include market and non-market housing, rental and owner-occupied units, and a range of forms from apartment units to detached homes,” says Sustainability Planner Miles Dibble.
Commercial and Industrial Permit Stats
Commercial and Industrial Permit Stats remain relatively unchanged with one commercial development permit issued in the third quarter and an estimated total construct value of $800,000. The total year-to-date est. construct value for commercial and industrial development is $8,200,000 translating to six issued development permits.
For more information contact:
Corporate Communications Officer
Town of Stony Plain