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New building starts up 22% over 2014

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April 28, 2015 - New building starts in Kawartha Lakes are up more than 22% for the first three months of 2015 compared to the same period last year.

Sixty new and replacement dwelling permits have been issued with a total value of more than $20 million.

“This is a clear indication we are continuing to grow and Kawartha Lakes is seen as a desirable location for growth and expansion,” explained Ron Taylor, Director of Development Services.

In the first three months of 2015, the City issued 151 total permits including new and replacement dwellings, other residential, commercial, industrial, institutional, agriculture and demolition. That compares to 125 total permits issued for the same period in 2014.

“The increase in building activity is a great sign of things to come,” said Mayor Andy Letham. “Kawartha Lakes is viewed as a great place to live, work and play and with the near completion of the Northwest Trunk we expect to see a great deal more building activity in the future.”

All permit applications for the first three months of 2014 carried a total value of $16,001,038. For the same period this year, that value has risen to $24,415,777.

“It is great to see the investment in our community,” said Susanne Murchison, Chief Building Official for the City. “We saw new housing starts jump dramatically in 2014 over 2013 and it was really the first major jump in annual historic housing starts. We are optimistic the trend in building growth and investment year-over-year will continue throughout 2015 and beyond.”

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For further information, please contact:

Ron Taylor
Director of Development Services
705-324-9411 Ext. 1239
rtaylor@city.kawarthalakes.on.ca

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