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Lethbridge is ranked 4th in Best Mid-Sized Cities to Live in Canada

The University of Lethbridge was the first university in Western Canada to establish a Native American Studies degree program (1975) and department.

 Home Business Cost of Doing Business Construction and Occupancy
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Construction and Occupancy

 

With over $1 billion in non-residential construction over the past 10 years, it is clear that the construction industry is an important driver of growth in our city and region. Both the capacity and affordability of quality construction in southern Alberta adds to the attraction of new businesses to the region.

Lethbridge business owners continue to enjoy lower construction and occupancy costs compared to many other communities in North America.  The most recent KPMG Competitive Alternatives study found that Lethbridge remains competitive in terms of cost per acre of individual land and cost per square foot of facility investment.
 
The $247 million in construction investment in 2013 is the highest figure in Lethbridge history and is definitely a key contributor to the stable economic climate of southern Alberta.  Lethbridge experienced record-breaking growth in commercial construction with an impressive increase of 197% year-over-year. While there was a slight decrease in institutional investment, industrial investment was also up 41% year-over-year from 2012.  it is important to note that Lethbridge will remain strong with an expected investment of over $1 billion in projects over the next three years.



 

 

Building Permit Summary
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Figure A.13.a
 Building Permit Summary 2004-2013
  Housing Starts Construction Value (In Millions)
Year Total Dwelling Units Single Family Detached Residential Commercial Institutional Industrial  Total
2004 756 556 88.3 26.1 17.1 5.1 136.7
2005 796 544 91.6 36.5 28.7 25.1 182.1
2006 988 703 111.6 41.9 39.6 13.6 206.9
2007 947 739 108.9 27.7 63.5 19.8 220.0
2008 538 436 81.0 44.1 74.6 33.4 233.2
2009 628 479 69.7 30.2 120.3 8.9 229.3
2010 777 521 86.0 23.8 39.2 39.8 188.8
2011 580 340 71.9 45.7 28.2 15.2 161.0
2012 679 501 95.0 28.1 54.7 20.3 198.0
2013 574 463 84.1 83.5 51.1 28.7 247.3

Sources

Source: City of Lethbridge, Development Services

International Facility Cost Comparison
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Figure A.11
International Facility Cost Comparison
  Average Lease Costs
  Factory $US/ft2 Rank6 Office $US/ft2 Rank6 Facility Total7 Rank6
North America
Lethbridge $4.29 1 $21.42 2 $437 2
Canada 5.49 4 28.48 4 574 4
US 4.70 2 29.97 6 550 3
Europe            
France 8.02 7 44.04 9 869 8
Germany 7.50 5 27.35 3 636 5
Italy 7.96 6 28.57 5 669 6
Netherlands 5.09 3 15.29 1 390 1
UK 12.30 9 42.54 8 1,013 9
Asia Pacific            
Australia 9.75 8 36.64 7 840 7
Japan 14.18 10 45.15 10 1,118 10

Notes

1. For each type of facility, industrial and/or office leasing requirements are assumed to be identical in each location.
2. For manufacturing operations, the cost of leasing is based on a suitable industrial facility in a suburban area. Includes net rent only for a prime bulk industrial facility.  All operating costs are in addition and borne directly by the tenant.
3. For non-manufacturing operations the cost of leasing is based on a suitable suburban Class A office space. Includes tenant-borne operating, tax and insurance costs.
4. 1 ft2 is equal to 0.09 m2; 10.76 ft2 equals 1 m2.
5. Results are the average for the comparable centres selected for the international results. Care should be taken in interpreting the country average due to significant variations in costs.
6. Ranking is based on the 10 geographic locations portrayed in the table and does not reflect the ranking within the overall survey results.
7. Cost figures are shown in current US thousand dollars. 

Sources

Competitive Alternatives: KPMG's Guide to International Business Location, 2014 Edition.

Lethbridge Major Development Projects
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Figure A.12
Lethbridge & Region, Major Development Projects
Project Outcome Value
(in Millions)
Expected Completion
Commercial Sector   $ 313.0  
Energy Total $ 313.0  
  Enbridge Inc.. Montana - Alberta Transmission Line (230MW), Lethbridge to Great Falls $ 213.0 2013
  Alberta Wind Energy Corp. Oldman River Wind Farm $ 100.0 2014
Industrial Sector   $ 32.0  
Agrifood Total $ 22.0  
  Agropur Warehouse Expansion $ 12.0 2014
Biofuels Total $ 10.0  
  Lethbridge Biogas LP Biogas and Co-Generation Plant (2.85 MW) $ 10.0 2013
Institutional Sector   $ 683.8  
Core Infrastructure Total $ 250.6  
  City of Lethbridge Electrical Infrastructure Replacement Program and Distribution Expansion $ 68.5 2017
  City of Lethbridge Scenic Drive North Update $ 19.0 2013
  City of Lethbridge Industrial Fleet Building $ 17.8 2013
  City of Lethbridge Transit Facility Expansion $ 16.4 2014
  City of Lethbridge Southeast Regional Lift Station $ 15.5 2016
  City of Lethbridge Water Treatment Plant Upgrades and Capacity Addition $ 14.1 2014
  City of Lethbridge Additional Capacity for Northwest Substation $ 11.7 2015
  City of Lethbridge Wastewater Treatment Plant Upgrades $ 11.3 2013
  City of Lethbridge Water Treatment Plant Residuals Management $ 10.8 2016
  City of Lethbridge Transit Terminal Renovation $ 9.4 2014
  City of Lethbridge 3rd Avenue Reconstruction $ 7.9 2015
  City of Lethbridge 43rd Street North Upgrade $ 6.9 2014
  City of Lethbridge Wastewater Treatment Plant Headworks and Clarifier upgrade $ 6.5 2015
  City of Lethbridge Wastewater Treatment Plant Digester $ 6.2 2017
  City of Lethbridge Metis Trail $ 6.1 2014
  City of Lethbridge Water Reservoir Upgrades $ 6.1 2017
  City of Lethbridge Advanced Electrical Meter Infrastructure $ 5.7 2017
  City of Lethbridge 28th Street North Expansion $ 5.5 2017
  City of Lethbridge University Drive Upgrade $ 5.2 2016
Arts and Culture Total $ 20.8  
  City of Lethbridge Community Arts Centre (CASA) $ 14.4 2013
  Yates Memorial Centre Performing Arts Centre Upgrades $ 6.4 2015
Community Supports Total $ 21.0  
  All Saints Parish Catholic Church $ 21.0 2015
Health Services Total $ 127.8  
  Alberta Health Services Lethbridge - Chinook Regional Hospital Redevelopment $ 127.8 2015
Post-Secondary, Training & Research Total $ 118.9  
  Lethbridge College Trades & Technology Building $ 65.0 2016
  University of Lethbridge Mount Blakiston House Student Residences $ 32.0 2013
  University of Lethbridge Student Residence Upgrades $ 13.0 *2017
  Lethbridge Research Centre Building 102 Exterior Envelope Replacement $ 8.9 2013
Recreation & Leisure Total $ 76.1  
  City of Lethbridge Aquatics Centre $ 54.8 2017
  City of Lethbridge Twin Ice Centre $ 29.4 2014
  City of Lethbridge Lethbridge Regional Police Headquarters Expansion $ 23.7 2015
  City of Lethbridge 70 Acre North Regional Park $ 19.8 2015
  Henderson Lake Pool Outdoor Pool Enhancement Project $ 6.5 2016
  City of Lethbridge General City Park Improvements $ 6.0 2016
  Helen Schuler Nature Centre Expansion & Renovation $ 4.5 2014
  Alberta Infrastructure Picture Butte Jr/Sr High School Modernization $ 13.4 2011
Total: Lethbridge & Region, Major Development Projects $ 1,007.8  

Notes

i This list is indicative of major projects but is not  comprehensive of all Lethbridge and region activity
ii Includes projects valued at $5.0 million or higher
iii Categorized by project sector and subsector
iv Updated March 2012
* Project has been proposed, but not yet announced nor begun.

Sources

i Alberta Finance & Enterprise, Inventory of Major Alberta Projects, October, 1 2013
ii City of Lethbridge Capital Improvement Plan 2011-2020, 201402023
iii Corporate News Releases


Economic Development Lethbridge
308 Stafford Drive South
Lethbridge, Alberta, Canada   T1J 2L1

Phone: (403) 331-0022
Fax: (403) 331-0202
Toll Free: 1-800-332-1801

E-Mail: info@chooselethbridge.ca

Investment Inquiries Contact:
Heather McIntosh-Rivera, Director
Business Development & Operations

Phone: (403) 331-0022
E-Mail: heather@chooselethbridge.ca

Convention & Events Contact:
Kerry Lowe, Vice President
Convention Development & Partnerships

Phone: (403) 331-0022
E-Mail: kerry@chooselethbridge.ca

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