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Friday, January 18, 2019

Permits Up, Construction Value Down Slightly in Hanover

Hanover | by Robyn Garvey  

2018 building statistics released

2018 saw its fair share of construction in Hanover.

In total Hanover issued 131 building permits with a construction value of just over 27 million dollars.

This included 26 new homes, 19 multi residential dwellings and 34 new commercial, industrial and institutional builds.

These commercial, industrial and institutional builds include: the new Hanover school build project, the Gateway Casinos & Entertainment expansion project and the new CT Scanner suite at the hospital.

The value of residential renovations and repairs increased by 36% over 2018 to 556 thousand dollars.

Director of Development Don Tedford is not at all surprised by the numbers, noting that when housing prices rise the number of home renovation projects also increase.

All in all, Tedford says 2018 was a good year of development for the Town of Hanover and he believes 2019 will mirror this.

He expects construction of new institutional/commercial/industrial development to continue along with more townhouse-type residential units and single and semi detached dwelling units in 2019.

There are currently three new subdivisions being created in Hanover and six other subdivisions with lots available for development.

When compared to the previous year, Hanover’s building activity remains on par with 2017 data, and significantly up over the 2016, 2015 and 2014 years.

Five year building trend:
2018 - 131 building permits with a construction value of 27 million.
2017 - 115 building permits with a construction value of $30 million.
2016 - 124 building permits with a construction value of $15 million.
2015 - 118 building permits with a construction value of $11.9 million.
2014 - 101 building permits with a construction value of $6.8 million. 
 

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