Construction Activity In Cornwall Off To A Good Start In 2012
Construction activity in Cornwall opened on a high note in 2012 with a total of 30 building permits issued in January with an estimated construction value of $2.4 million.
That’s up significantly from January 2011 when a total of 19 building permits were issued with an estimated construction value of $629,706.
According to the latest Building Activity Report from the City’s Building and By-Law Division, 12 of the 30 building permits issued in January were for new family units, with a total value of $1,318,588.
“The year 2011 was a banner year for construction activity and investment in Cornwall, and that momentum is continuing in 2012,” said Mayor Bob Kilger.
In addition to the residential permits, the City also issued building permits in January for a new two-storey commercial building on Montreal Road (valued at $300,000) as well as interior renovations at École secondaire catholique La Citadelle on McConnell Avenue (valued at $600,000).
"There are number of residential subdivisions under active development right now, including Northdale, Eastridge, Maple Grove, Blackburn and Riverdale North, amongst others," said Ken Bedford, Supervisor of Planning. "We also expect to see work begin on the second phase of the Cotton Mill lofts (potenially 40 units) and the Belfort Estates subdivsion (approximately 30 lots). It is encouraging to see this ongoing investment in the residential sector."
New housing construction fits in well with the City's efforts to attract new residents.
“New people moving to Cornwall like the affordability that our region offers,” said Senior Development Officer Bob Peters. "This new construction helps to provide new residents with a wide variety of options to choose from. I would encourage prospective home buyers to contract local real estate professionals to learn what is available."
The City of Cornwall experienced a banner year for construction in 2011. All told, the City issued 649 building permits in 2011 with a construction value of over $156 million, up significantly from the $50,273,474 in construction value recorded in 2010. These figures do not include several high-profile construction projects already underway, such as the $79-million low-level bridge or the multi-year redevelopment of the Cornwall Community Hospital.
For more information on housing prices including links to homes currently for sale, click on the following link: