Jeff Heuchert email@example.com
A total of 438 building permits were issued by the City of Stratford in 2013 valued at $57. 34 million.
Those numbers represent a slight drop in construction activity in the city from in 2012, when 599 permits were issued with a cumulative value of $62.68 million.
Despite the decline, chief building official for the city, Dave Carroll, says 2013 was a good year for the city with many large construction projects either getting started or being completed.
"The numbers are down a little bit, but we had some fairly significant sized projects, and that's why the value is (so high)," he notes.
Roughly $26 million of last year's building permit value can be attributed to three projects – the new Walmart store, the four-storey apartment building on Front Street, and a large addition at FIO Automotive.
A look at building permits issued over the last 10 years in Stratford for residential, institutional, commercial, and industrial sectors shows a fairly steady line of activity, save for the odd year like 2010 when the value of permits spiked to over $236 million, due in part to one large project, the new RBC data centre.
The worst year for construction activity over the last decade was in 2004, when 583 permits were issued with a total value of $32.12 million.
Total building permit fees received by the city in 2013 totaled $519,237. When accounting for the cost to administer and enforce the Building Permit Act, including the review of applications for permits and inspections, that number is reduced to $20,921. That money will be added to a reserve fund to cover similar Building Code-related costs in the future.