Major Developments

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 one of the top 10 midsized cities in the Americas for foreign direct investment (FDI) strategy as well as 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 2015, building permit activity slowed down but still remains high in comparison to previous years, totaling $1.6 billion. Over the last five years, building permit values have increased by 9.1 per cent per year on average, which is six per cent higher than the national rate and ranked fifth in comparison to other major metropolitan centres.

Winnipeg Building Permit Values by Type from 2005 to 2015 (Thousands of Dollars)

Building Permit Values by Major Metopolitan Area:
Average Annual Per Cent Change from 2010 to 2015

Source:  Statistics Canada

Current or Recently Completed Projects

Major Winnipeg investments include the following: