Commercial, residential permits increase in August
Commercial building permits are rising significantly in the year-over-year figures for the month of August, with the value of permits at $29.8 million compared to $19.6 million in 2016. Over all, the total number of building permits issued in August is up by 14 per cent from this time last year.
For the year to date, residential construction also remains well ahead of the 2016 totals. There has been strong growth in the number and value of permits for single family dwellings, and the number of apartment units has increased almost fivefold, up to 359 from 76.
“It is great news for our local economy that we continue to see strong and balanced performance in both the residential and commercial sectors,” said Mayor Michael Fougere. “While there is plenty of new construction happening, it is also important to note the significant reinvestment into existing spaces, especially on the commercial side.”
Permits issued in August for projects over $1 million include a new Costco store and gas bar for over $16 million, the first phase of a commercial development on Parliament Avenue for $6 million and the demolition of historic Mosaic Stadium at over $2 million.
A building permit is needed to construct, demolish, build an addition or renovate a building in Regina. The City issues the permit and reviews plans to ensure they comply with all current building codes, bylaws and other applicable regulations. The City’s Building Permit Report is a record of all permits issued during a period of time for residential, industrial and commercial construction in Regina.