During last night’s Council meeting, Town Council received staff’s report on the first quarter development, building and by-law statistics. Over the past several years the Town has seen record growth but nothing compared to the first quarter of 2019 with 37 units and construction values more than double and in some cases triple other first quarter periods since the Town began to track residential construction trends beginning in 1991.
“The Town continues to witness record growth, which can be directly attributed to offering a community that has great amenities, a small town feel and lower housing prices while at the same time having access to larger city centres”, said Mayor Wayne Redekop. “By putting in place policies and incentives and the right mix of staff to make this type of growth happen, Fort Erie continues to be a leader and is able to move closer to our vision of a growing, prosperous, connected community of choice”.
Repeating statistics found in the report, Rick Brady, Director of Planning and Development Services, noted, “the results represent a strong first quarter coming in considerably higher than the Q1 average of 19.4 from the previous 5 years. The Ridgeway-Thunder Bay neighbourhood growth continues to dominate new residential permit activity and with our new parks and open spaces at Bay Beach and the Crystal Ridge Centre, new residents continue to be drawn to this area of the Town”.
The total reported value of new residential construction in this first quarter is just over $17 million, more than double and almost triple the value reported for last year’s first quarter of $6.35 million.
For further information, please visit the Town’s website at www.forterie.ca and click on Government>Agendas and Minutes>June 10, 2019 Agenda (Report No. PDS-36-2019).