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The U of L was named the Research University of the Year 2012 in the Undergraduate Category

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 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 $241 million in construction investment in 2014 is the second highest figure in Lethbridge history and speaks to the economic growth taking place in southern Alberta.  The combined two-year total of $489 million represents the largest figure on record. While there was a slight decrease in overall investment from 2013, institutional permit values increased by 73% and total new building projects were up by 25% (both figures represent change on a year-over-year basis).  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 2005-2014
  Housing Starts Construction Value (In Millions)
Year Total Dwelling Units Single Family Detached Residential Commercial Institutional Industrial  Total
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
2014 463 414 89.8 39.2 23.5 88.5 241.0

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
Industrial Sector   $ 70.0  
Agrifood Total $ 70.0  
  Richardson Oilseed Canola Processing Facility Expansion $ 70.0 *2017
Retail Sector   $ 29.0  
Retail Total $ 29.0  
  Market at the Crossings Site Development $ 21.0 2016
  Anthem Centre Village Mall Retail Store $ 8.0 2016
Institutional Sector   $ 888.4  
Core Infrastructure Total $ 173.2  
  City of Lethbridge Electrical Infrastructure Replacement Program and Distribution Expansion $ 71.9 2017
  City of Lethbridge Southeast Regional Lift Station $ 15.5 2016
  City of Lethbridge Metis Trail Development $ 10.3 2015
  City of Lethbridge Communications Infrastructure $ 10.0 2016
  City of Lethbridge Water Treatment Plant Residuals Management $ 9.4 2016
  City of Lethbridge Waste & Recycling Centre Disposal Cell Development $ 9.3 2018
  City of Lethbridge 3rd Avenue Reconstruction $ 7.3 2015
  City of Lethbridge North Sanitary Siphon Twinning $ 6.4 2019
  City of Lethbridge Wastewater Treatment Plant Digester $ 6.2 2017
  City of Lethbridge Walsh & Metis Deep Utilities $ 5.9 2018
  City of Lethbridge 28th Street North Expansion $ 5.5 2017
  City of Lethbridge University Drive Upgrade $ 5.2 2016
  City of Lethbridge Substation 13.8 kV Switchgear Upgrades $ 5.2 2018
  City of Lethbridge West Side Operations Depot Phase 2 $ 5.1 2018
Arts and Culture Total $ 6.4  
  Yates Memorial Centre Performing Arts Centre Upgrades $ 6.4 2018
Community Supports Total $ 57.5  
  City of Lethbridge Lethbridge Regional Police Headquarters $ 27.9 2016
  All Sants Parish New Facility $ 20.0 **2018
  Elim Village Supportive Living Facility Phase 1 $ 9.6 2015
Health Services Total $ 139.2  
  Alberta Health Services Lethbridge - Chinook Regional Hospital Redevelopment $ 127.8 2015
  Alberta Health Services Renovations to Labor/Deliver, Rehabilitation and Cancer Centre $ 11.4 2016
Education, Training & Research Total $ 328.5  
  University of Lethbridge Destination Project $ 200.0 2019
  Lethbridge College Trades & Technology Building $ 65.0 2017
  University of Lethbridge Student Residence Upgrades $ 13.0 2018
  Lethbridge Research Centre Block Envelope Remediation $ 13.0 2017
  Copperwood Elementary School Construction $ 12.8 2017
  Wilson Middle School Modernization $ 12.4 2017
  Legacy Ridge Elementary School Construction $ 12.3 2016
Recreation & Leisure Total $ 184.0  
  City of Lethbridge Crossings Leisure Complex - Phase 2 $ 109.6 2019
  City of Lethbridge Crossings Leisure Complex - Phase 1 $ 41.4 2016
  City of Lethbridge Legacy Park $ 22.7 2018
  City of Lethbridge Henderson Lake Pool Enhancement $ 10.3 2018
Total: Lethbridge & Region, Major Development Projects $ 987.4  

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 October 2015
v Expenditures are calculated for 2015-2018 period and do not include funding outsime of this time period, with the exception of the Destination Project and the Crossings Leisure Complex - Phase 2
* This total represents an estimate
** Proposed

Sources

i Alberta Finance & Enterprise, Inventory of Major Alberta Projects, September 29, 2015
ii City of Lethbridge Capital Improvement Plan 2011-2020, 2014-2023
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:
Erin Crane, Director
Meeting, Event & Partnership Development

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

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