Investment

In 2010, the total building permit value for the Battle River region stood at $126.4 million, making up 1.1% of the provincial total.  In 2010, the total building permit value for the Battle River region decreased by 24% from 2009, but was 81% higher than the 2005 level.  The decrease between 2009 and 2010 can be attributed to a large decrease in industrial permits of 68% to $5.2 million and a 64% fall in commercial permits to $15.5 million.  Over the same period, residential permits increased by 2% to $92.5 million, while institutional permits were lower by 13%.  Between 2005 and 2010, residential permits increased by 101%.

The total number of dwelling units for which building permits were taken out in the Battle River region in 2010 was 403.  This was a 1% drop from the previous year, but was a 32% increase from 2005 levels.  Over that five-year period, the number of multiple family dwelling units increased by 155% to 196 units in 2010.  Over the same period, the number of single dwellings decreased by 10% to 207 units.

In 2010, the number of urban housing starts1 totaled 207 in the Camrose Census Agglomeration (CA), an increase of 29% from 2009’s 161 starts.  This increase was largely the result of a 64% increase in the number of multi-family units between 2009 and 2010 from 85 to 139. 

1 Housing start information is gathered by Canada Mortgage and Housing Commission field offices; building permit estimates are gathered by Statistics Canada from municipalities. A building permit generally precedes the actual start.

Date Updated:
RDP-2437