Monday, May 26, 2008

. . . . and More Construction - Surrey

Surrey Major Projects according to the March 2008 BC Major Projects Inventory.

Urban Village Condominium Development
Status: Construction started Start: Oct 2007
Est. Cost ($ million): 1000 Finish: 2009

156th Street Underpass
Status: Construction started Start: Dec 2007
Est. Cost ($ million): 20 Finish: Spring 2009

Tate Rowhouse Condominiums
Status: Construction started Start: Spring 2008
Est. Cost ($ million): 20 Finish: Spring 2009

City Point Highrise Condominiums
Status: Construction started Start: Mar 2008
Est. Cost ($ million): 30 Finish: Late 2009

Quattro Residential Development
Status: Construction started Start: Fall 2007
Est. Cost ($ million): 600 Finish: Late 2009

Rosemary Heights Seniors Village
Status: Construction started Start: Nov 2006
Est. Cost ($ million): 20 Finish: Jun 2008

Laurel Place Seniors Residences
Status: Construction started Start: Sep 2006
Est. Cost ($ million): 40 Finish: Spring 2008

St Andrews at Northview Residential Development
Status: Construction started Start: Summer 2006
Est. Cost ($ million): 40 Finish: Summer 2008

Surrey Health Services Capacity Initiative
Status: Construction started Start: Fall 2007
Est. Cost ($ million): 214 Finish: 2011

St. Andrews at Northview Condominiums
Status: Construction started Start: Spring 2006
Est. Cost ($ million): 30 Finish: Fall 2008

The Veranda Townhomes
Status: Construction started Start: Spring 2006
Est. Cost ($ million): 30 Finish: Early 2008

d’Corize Residential Tower
Status: Construction started Start: Sept 2005
Est. Cost ($ million): 30 Finish: Spring 2008

Fraser Highway Widening
Status: Construction started Start: Jun 2005
Est. Cost ($ million): 45 Finish: Spring 2008

The Aura Residential Development
Status: Construction started Start: Aug 2005
Est. Cost ($ million): 20 Finish: Spring 2008

Central City Neighbourhood
Status: Construction started Start: Jun 2005
Est. Cost ($ million): 1000 Finish: 2009

Ixia Townhouse Development - 19219 - 67 Ave
Status: Construction started Start: Jan 2006
Est. Cost ($ million): 25 Finish: Early 2008

Payal Business Centre
Status: Construction started Start: Spring 2004
Est. Cost ($ million): 50 Finish: Late 2008

Compass Townhouse and Apartment Development
Status: Construction started Start: Nov 2006
Est. Cost ($ million): 43 Finish: Spring 2009

Grandview Corner Shopping District
Status: Construction started Start: Spring 2006
Est. Cost ($ million): 80 Finish: 2009

North Surrey Auto Mall
Status: Construction started Start: Jun 2005
Est. Cost ($ million): 75 Finish: 2009

Fraser River Port Expansion
Status: Construction started Start: Summer 2004
Est. Cost ($ million): 190 Finish: 2011

Border Infrastructure Project - Highway 10
Status: Construction started Start: Jun 2005
Est. Cost ($ million): 93 Finish: Oct 2008

Campbell Heights Business Park
Status: Construction started Start: Summer 2004
Est. Cost ($ million): 50 Finish: 2009

Elim Village Seniors Housing Development
Status: Construction started Start: Sep 2000
Est. Cost ($ million): 75 Finish: Early 2008

Guildford Park Place
Status: Construction started Start: Spring 2003
Est. Cost ($ million): 30 Finish: Spring 2008

Number of major projects in the City of Surrey: 25
Value of major projects in the City of Surrey: $3,850,000,000
The year most of the work is done: Late 2008 to early 2009

What happens when the projects finish, all the money is spent and the workers go home?

11 comments:

mohican said...

Condos and more condos are the story in Surrey and most of them will be finished in the next 12 months. Crazy!

Government and quasi government projects represent $800 Million in expenditures.

mohican said...

Whalley condo projects represent more than half the total construction spending in Surrey at the moment with 3 projects over $500 Million.

that guy said...

mohican -- you're famous:

http://tinyurl.com/64yp7d

keep up the good work

van_coffee said...

Wow - an appearance on Calculated Risk - that is Huge!

You're only one step removed from the WSJ now.

Good Work!

Van Housing Blogger said...

Congrats on the big time CR hit!!!!! You deserve it!

Warren said...

From a budgeting perspective, when do these big expenditures hit the government financial statements? Are they accounted for as soon as they are announced (funds set aside), or as they complete?

Obviously the province can't keep spending like drunken sailors, but if the economy slows in the next few years, will we be bleeding red paying for this stuff?

tulip-Mania2 said...

Mohican asks

"What happens when the projects finish, all the money is spent and the workers go home?"

The brainwashed will say that with India and China creating insatiable demand for our natural resources, our economy will do just fine.

But as far as I can see exports to both of those countries don't amount to a hill of beans.

From what I can tell exports to China in 07 were less than 10 billion and to India less than 3 billion.

We have a trade deficit with both.

TICK TOCK, TICK TOCK

jesse said...

Citation on Calculated Risk for mohican. Way to go!

Crabman said...

Great work Mohican! Interesting that all 6 data points on CR's graph above 7 months were correlated with price drops. But it looks like the magic MOI number for Vancouver could be a bit lower?

Gabriel said...

Tulip to be fair you don't need direct exporting from BC or Canada for that matter when it comes to resources. Since, metal prices and oil is set by international prices for the most part.

So, the idea would be if they're insatiable demand keeps going, the value of those commodities will rise, even if we don't ship it to there.

With that said, Construction and Olympic projects make up much more of the bulk of spending in Vancouver. If real estate falls tax revenue too...

patriotz said...

Whalley condo projects represent more than half the total construction spending in Surrey

Wow, high rise suburban slums just like Paris! Who says we're not world class!

Congrats on the CR appearance Mohican.