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Friday, December 23, 2011

Construction Slows in City

Owen Sound | by Kevin Bernard  

Fewer building permits issued in November in Owen Sound, but positive signs for 2012.

The pace of new construction in Owen Sound during November was a bit slower than a year ago, and the value is way down.

The number of permits issued by the city last month was 22 compared with 29 in 2010,  but the value was only 553 thousand dollars compared to nearly 11.5 million.

Owen Sound Development Co-ordinator Sandi Parks says the big difference was the 11 million dollar permit issued in November of 2010 for the new Family health team building on the waterfront.

In the first 11 months of 2011,  construction value in the city of Owen Sound totalled just under 15 million dollars.

That total is down from nearly 71 million a year ago, but that included 38 million for the Rec centre, and 11 million for the Family health team building.

Parks says the yearly total is the lowest in nine years but she doesn't see a significant slow-down in construction during early 2012.

In fact, with the new Heritage Grove development next to Home Depot, and a new condo development planned for the east side, she sees solid growth next year.


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