Building is booming in Lake Country.
The municipality reports that it is experiencing significant development so far in 2017.
“The first quarter of 2017 has blasted by the first quarter figures from 2016 by 18 per cent with $18,511,845 year to date compared to $15,710,565 for the first quarter of 2016,” said Mayor James Baker.
With 111 new single-family homes built in 2016, the district is using the additional revenue from growth to move ahead with infrastructure.
In 2016, this new growth brought in the equivalent of an almost four per cent tax increase.
“As our community evolves, it is really interesting to see is how commercial development is now driving a lot the recent activity, with active business licenses topping 680 in 2016 – which is 20 per cent ahead of the historic average of 568,” said Mark Koch, director of community services.
“For a community with almost 15,000 residents, we have been historically underserved as far as commercial options go, so it’s great to see more local business choices now available within the community.”