Optimism is Everywhere
A healthy mix of commercial and industrial projects is in evidence throughout Winnipeg and the surrounding area. Billions of development dollars confirm that Winnipeg’s renaissance is alive and well. Take a look at the list below, and it should become quite obvious that the degree of both public- and private-sector investment signals a tremendously positive outlook for our city.
Perhaps that’s why FDi Magazine named Winnipeg a “Top-10 North American mid-sized city of the future 2013/2014 for business friendliness.”
Building Permit Values
Building permit values, which indicate construction costs for new construction, additions and renovations, have historically been strong in Winnipeg. In 2013, the total building permit value reached a 10-year high of $1.81 billion. Over the the last 10 years, building permit values have increased by 16 per cent per year on average, which is 10 per cent higher than the national rate and the fourth-highest rate in comparison to other metropolitan centres.
Current or Recently Completed Projects
- Canadian National Railway (CN) officially opened a new 100,000-square-foot training centre in Winnipeg, the only one of its kind in Canada. CN's new state-of-the-art facility will train 250 to 300 employees each week.
- Maple Leaf Foods completed its $94-million bacon-production facility on the current site of its existing operations in Winnipeg. The bacon facility focusses on high-volume continuous-line production of raw sliced bacon. The new facility will create up to 340 new jobs at maturity (and employed about 120 workers during the construction phase).
- Staples Canada has announced it will anchor a new 152,000-square-foot, multi-tenant distribution centre being built by Bentall Kennedy/British Columbia Investment Management Corp.
- Olexa Developments is building a 44,000-square-foot multi-tenant industrial building within CentrePort Canada.
- IKEA's Winnipeg location opened in November 2012, which includes the company's largest Canadian warehousing operation.
- Canada Goose is moving into a new 57,000-square-foot facility, which will employ 160 individuals. It's anticipated the company will need to expand its worrkforce to 200 withing the next few years.
- Fort Garry Fire Trucks officially opened its new, state-of-the-art manufacturing facility this year. The 50,000-square-foot plant will allow the company to continue building fire trucks, pumpers, water delivery tanks and other emergency equipment for export around the world.
- Exchange Income Corp. will consolidate maintenance of its fleet of 100 airplanes from the four airlines it owns into a new $10-million facility on the southeast side of the Winnipeg airport campus.
- MacDon Industries recently completed a 60,000-square-foot expansion of its manufacturing complex. MacDon has more than 1,400 employees.
Building Permit Values by Type from 2003 to 2013 (Thousands of Dollars)