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Lethbridge is the 9th Best Place to Live in Canada according to MoneySense Magazine

Lethbridge College, established in 1957, was the first publicly funded college in Canada.

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

With nearly $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.
 
The $163 million in construction investment in 2011 is definitely a key contributor to the stable economic climate of southern Alberta. Although there has been a decrease in total building permits since the peak in 2008, Lethbridge experienced record-breaking growth in commercial construction with an impressive increase of 166% year-over-year. And of that $45.7 million in commercial construction, $15.5 million was specific to the commercial growth on the west side of the city. While there was a slight decrease in both industrial and institutional investment from 2010, it is important to note that, at $28.2 million, Lethbridge remained stronger than other comparable cities in the province, and will remain strong with an expected investment of over $850 Million in projects over the next two years.

Lethbridge business owners continue to enjoy lower construction and occupancy costs compared to many other communities in North America. In the most recent KPMG Competitive Alternatives study found that Lethbridge remains competitive in terms of cost per acre of industrial land and cost per square foot of facility investment.

 

Building Permit Summary
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Sources

Source: City of Lethbridge, Development Services

International Facility Cost Comparison
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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, 2012 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 $ 258.0  
Energy Total $ 258.0  
  Alberta Wind Energy Corp. Oldman River Wind Farm $ 45.0 2012
  Enbridge Inc. Montana - Alberta Transimssion Line (230MW), Lethbridge to Great Falls $ 213.0 2012
Industrial Sector $ 99.5  
Agrifood Total $ 39.5  
  Agropur Cheese Plant Expansion $ 23.0 2011
  Richardson International Ltd. Canola Oil Processing Plant Expansion & Lab Facility $ 16.5 2012
Biofuels Total $ 60.0  
  Bfuel Canada Biodiesel Processing Facility $ 26.0 2013
  Lethbridge Biogas LP Biogas and Co-Generation Plant (2.85 MW) $ 10.0 2013
  Kyoto Fuels Biodiesel Processing Facility $ 24.0 2011
Institutional Sector $ 494.0  
Core Infrastructure Total $ 124.8  
  City of Lethbridge Scenic Drive North Upgrade $ 19.0 2013
  City of Lethbridge Industrial Fleet Building $ 17.8 2012
  City of Lethbridge Bridge Drive Utility Corridor $ 17.1 2012
  City of Lethbridge Transit Facility Expansion $ 16.4 2014
  City of Lethbridge Water Treatment Plant Upgrades $ 14.1 2014
  City of Lethbridge Garry Drive Reservoir & Road Extension $ 13.2 2012
  City of Lethbridge Wastewater Treatment Plant Upgrades $ 11.3 2013
  City of Lethbridge 43rd Street North Upgrade $ 6.9 2014
  Town of Picture Butte Water Pipeline: Lethbridge to Picture Butte $ 9.0 2011
Arts and Culture Total $ 14.4  
  City of Lethbridge Community Arts Centre $ 14.4 2012
Community Supports Total $ 31.2  
  All Saints Parish Catholic Church $ 21.0 *2015
  Church of Jesus Christ LDS 'Lethbridge Welfare Complex' Office & Warehouse $ 5.2 2011
  École La Vérendrye Multi-use Community Centre & Educational Facility $ 5.0 2011
Health Services Total $ 136.5  
  Alberta Health Services Lethbridge - Chinook Regional Hospital Redevelopment $ 112.7 2015
  Alberta Health Services Chinook Regional Hospital Parkade $ 17.5 2011
  St. Michaels Health Centre Assisted Living Facility $ 6.3 2011
Post-Secondary, Training & Research Total $ 97.6  
  Lethbridge College Trades & Technology Building $ 50.0 2012
  Lethbridge Research Centre Building 102 Exterior Envelope Replacement $ 8.9 2013
  University of Lethbridge Aperture Residential Park Students' Residences Phase 3 $ 32.0 2013
  University of Lethbridge Renovations - University Hall $ 6.7 2011
Recreation & Leisure Total $ 76.1  
  City of Lethbridge Twin Ice Centre $ 26.0 2014
  County of Lethbridge Park Lake Road Paving Project $ 6.0 *2014
  Enmax Centre Multi-use Arena; Renovations, Upgrades and Expansion $ 33.7 2012
  Exhibition Park Infrastructure Upgrades & Replacement $ 5.9 2012
  Helen Schuler Nature Centre Expansion & Renovation $ 4.5 2013
Schools Total $ 13.4  
  Alberta Infrastructure Picture Butte Jr/Sr High School Modernization $ 13.4 2011
Total: Lethbridge & Region, Major Development Projects $ 851.5  

Notes

i This list is indicative of major projects but is not necessarily 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, January 10, 2012
ii City of Lethbridge Capital Improvement Plan 2011-2020
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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