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 2012, the total building permit value reached a 10-year high of $1.65 billion. The 10-year average for building permit values is $980 million, with phenomenal growth experienced in 2012.
Over the 10-year period from 2002 to 2012, building permit values in Winnipeg increased by 25 per cent per year on average, which is 18 per cent higher than the national rate and the fourth-highest rate in comparison to other metropolitan centres.
Current or Recently Completed Projects
|Bipole III Transmission Line (Manitoba Hydro)||$3.2B|
|Richardson International Airport||$585M|
|North End Water Pollution Control Centre||$380M|
|Canadian Museum for Human Rights||$310M|
|Seasons of Tuxedo||$300M|
|HSC Women's Hospital||$239M|
|CentrePort Canada Way||$212.5M|
|Investors Group Field Stadium||$204M|
|Disraeli Freeway Bridges Project||$195M|
|RBC Convention Centre Expansion||$180M|
|Canada Post Mail Processing Plant||$160M|
|Winnipeg Police Headquarters||$155M|
|Bus Rapid Transit Winnipeg - Phase 1||$138M|
|Polo Park Stadium Site Redevelopment||$125M|
|Overpass Highway 101 and 59||$107M|
|Maple Leaf Foods Processing Facility||$85M|
|StandardAero Engine Testing Plant||$50M|