Regina building permits higher than average
REGINA – Building permits throughout the city saw a spike last year.
The City of Regina says in 2015, building permit values reached $675.7 million, a $47.6 million increase from 2014. This includes a rise in residential permits.
The values are also higher than the five-year average for city building permits, which is $671.9 million and the 10-year average at $520.17 million.
“Increases in both the number of permits issued and the value of those permits shows continued confidence in our strong economy, even at a time when housing starts have slowed,” said Mayor Michael Fougere.
A city building permit is required to construct, demolish, build an addition or renovate a building.
In December, new permits valued at more than $1 million were issued for the new $21.4 million Catholic school on Argyle Street, a P3 public school in Harbour Landing for $3 million and a P3 public school on Greens on Gardiner for $2.7 million.
Other high-value projects were the construction of the new Mosiac stadium at $12 million and a new grocery store on Albert Street for $2.9 million.
Fougere said he expects 2016 will see more investments with the completion of the stadium and wastewater treatment plant, as well as construction of Capital Pointe, the new International Trade Centre and three new P3 schools.Follow @AlexaHGlobal