Town of Banff

Development

	2010	2009
Business Licenses	583 resident business licenses were issued, a 3% increase from 2009 218 non-resident business licenses were issued, an increase of 16% over 2009 100 business licenses were cancelled in 2010	567 resident business licenses were issued 184 non-resident business licenses were issued 130 business licenses were cancelled
Commercial Redevelopment	36 building permits issued valued at $5.1 million or  .87% of total assessed value. Total commercial assessment value: $585,979,230**.	21 building permits valued at $830,000 or  0.1% of total assessed value. Total commercial assessment value: $742,734,840**.
Housing Redevelopment	17 building permits valued at $2 m. or .58% of total assessed value. Total residential assessed value: $347,017,430**	17 building permits valued at $1.4 million issued or 0.3% of total assessed value. Total residential assessed value: $407,863,230**
Retail Mix*	75%    Other 21     National/International Chain 4%     Regional Chain	75%    Other 21%     National/International Chain 4%     Regional Chain

*  source: annual business license analysis
** (excluding land values)

What affected 2010 results?

• There was a significant decline in the assessed building values of commercial properties in 2010
• A change in reporting structure that consolidates commercial with institutional permits translates to greater overall permit value. Past practice has been to not include municipal projects as no fees are collected.
• Permit values for municipal projects (the recreation centre, transit fleet building) are included

Business Licenses

An updated count of 2009 business licenses shows a slight difference of 12 licenses after cancellations, from the original 2009 report.

For more information about the Town's commercial development:

• Growth management