Building permits signal strong economy
A dramatic rise in building permits for 2010 is good news for the city and its residents, according to councillor Kirk Duff.
Duff presented the building permit report to council at its regular meeting April 19, showing 2009 year-to-date totals of roughly $663,000 as compared to this year’s almost $6.9 million.
“The rise in building permits indicates a lot more activity this year,” Duff said. “We take it as a sign people are willing to spend and invest in Castlegar.”
He said the good news for residents is that this means more taxpayers and revenue for the city, meaning less of a taxation burden for individuals.
“It’s the sign of a robust economy,” he said.
One of the most significant permits this year is an almost $4-million permit for Celgar’s steam turbine generator, but there’s also almost $2 million in new single family residential, up from $120,000 at this time last year.