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 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

Building Permit Values by Type from 2003 to 2013 (Thousands of Dollars)

Source: Statistics Canada