STRATFORD, P.E.I. - The Town of Stratford is on track to have its biggest year of growth yet.
The town continues to undergo rapid development, with Coun. Keith MacLean providing the permit summary for July during Wednesday’s monthly meeting.
This year saw permits issued for $3,434,330 of construction for July, which is more than double last July’s $1,368,700.
“It never ceases to amaze me, the year-over-year gains,” said MacLean, who chairs the town’s planning committee.
For the entire year to date, Stratford has approved $27 million in building permits, which Mayor David Dunphy pointed out was up significantly from the $17.6 million by this point in 2017.
“And 2017 was a big year as well,” said Dunphy, adding that the warmer-than-usual winter contributed to the high number. “Because of the low amount of snow, there was a lot of construction that took place in the winter that normally would not.”
“It never ceases to amaze me, the year-over-year gains.”
Coun. Keith MacLean
The town’s best year for construction saw $31 million approved in permits.
Kevin Reynolds, director of the town’s planning, development and heritage, confirmed during the meeting that the town would surpass that total by the end of August.
The increased development has included a variety of housing from single family units to multi-units and commercial spaces.
Later in the meeting, Dunphy said that after speaking to businesses in the town many are feeling confident with the town’s direction and growth.
“There seems to be tremendous confidence,” said Dunphy, who listed several Stratford businesses now in the process of expanding. “It bodes well for the future of commercial development in Stratford.”