Residential construction in 2016 continues to surpass last year’s numbers, topping $230 million by the end of October.
According to the City’s Building Permit Report, 681 permits for new residential builds were issued in the first 10 months of 2016. That’s compared to 470 permits for the same period last year. Residential permit values this month are more than twice as high as the previous year.
“This is a great sign that the confidence in our economy is continuing,” said Regina Mayor Michael Fougere. “That confidence is being put into action with families and developers investing in new homes. With space for 1,558 new households added to our City this year, it is clear Regina’s growth plan is moving ahead.”
The $30.4-million value of commercial construction permits issued in October represents a surge, driven by continued construction of the new Mosaic Stadium.
New permits issued in October for projects valued at more than $1 million include a $10-million apartment complex on Dorothy Street in Normanview; a $1.3-million retail building in Harbour Landing; and $1.9 million in office space in the Greens on Gardiner.