Planning and Development Committee Wednesday 21 February ...
Development Committee Presentation February 18, 2015 · City of Fredericton Development Activity...
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City of Fredericton Development Activity 2014 Development Committee Presentation February 18, 2015
Transcript of Development Committee Presentation February 18, 2015 · City of Fredericton Development Activity...
City of Fredericton
Development Activity 2014
Development Committee PresentationFebruary 18, 2015
Total Value of Construction
0
20
40
60
80
100
120
140
160
180
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
$168 million
$96 million
$107 million
Mill
ion
s ($
)
(Average $121.5 million/yr)
Value of Residential Construction
0
10
20
30
40
50
60
70
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
$62 million
$59 million
$46.5 million
Mill
ion
s ($
)
(Average $56.6 million/yr)
Single Detached Dwelling Starts
0
50
100
150
200
250
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
220
181
213 212
169
123
88
124 125
77
# o
f u
nit
s
(Average 153 units/yr)
Multiple Unit Starts
0
100
200
300
400
500
600
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
542
276
173
258
337 329
366 375393
303
# o
f U
nit
s
(Average 335 units/yr)
Single Units Starts vs. Multiple Unit Starts
0%
20%
40%
60%
80%
100%
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
71%
60%
45%55%
67% 73%81% 75% 76% 80%
29%40%
55%45%
33% 27%19% 25% 24% 20%
Multiple Units Single Units
Average Permit Value of New SDD
$116,387
$164,690
$175,007$167,815
$223,842
0
50000
100000
150000
200000
250000
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Tho
usa
nd
s ($
)+27.9% 2010 to 2014
Total Unit Starts
0
100
200
300
400
500
600
700
800
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
762
510
437470
506
452 454
499518
380
# o
f u
nit
s(Average 499 units/yr)
Subdivision Activity
0
50
100
150
200
250
300
350
400
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
177
262
191
292
134 132
164
383
226
146
Nu
mb
er
of
Lots
(Average 211 lots/yr)
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
39% 40%
57%47%
37%29% 28% 28%
35%26%
43% 43%
27%
44%54%
62% 65% 67%59%
66%
Fredericton Oromocto Unincorporated New Maryland
Regional Single Detached Housing Market
1%
33%
3%
63%
New Maryland Unincorporated Area Oromocto Fredericton
Regional Total Housing Market
MLS Year to Date Sales
0
100
200
300
400
500
600
700
800
900
1000
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
430
901
984
860
951 913890
848
952 903
Nu
mb
er
of
Sale
s
Source: The Real Estate Board of the Fredericton Area Inc.
+110% 2005 to 2014
MLS New Listings
0
500
1,000
1,500
2,000
2,500
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
730
1,6841,554
1,645 1,6111,759 1797
1913
1,7971,913
Nu
mb
er
of
List
ings
Source: The Real Estate Board of the Fredericton Area Inc.
MLS Average Resale Price
$-
$50,000
$100,000
$150,000
$200,000
$250,000
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
$170,910
$212,910 $224,373
$207,757
Source: The Real Estate Board of the Fredericton Area Inc.
-2.4% past 5 years
Value of Commercial Construction
0
5
10
15
20
25
30
35
40
45
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
$43 million
$29 million
Mill
ion
s ($
)
(Average $25 million/year)
Value of Government and Institutional Construction
0
10
20
30
40
50
60
70
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
$16 million$13 million
Mill
ion
s ($
)
Gov't Inst.
