Despite building permit values being down more than $100 million from the year before, Regina officials remain optimistic.
Permits totalled $628 million in 2014 compared to $735 million in 2013, a difference of $107 million, city records show. 2014 is still above the five-year average of $622.1 million as well as the ten-year average of $476.7 million.
"I'm thrilled to see the year end on a positive note with last month's numbers outpacing December of 2013," said Mayor Michael Fougere in a statement. "While the permit values for the full year may not set a new record, the total value for 2014 is nearly three times higher than it was 10 years ago. That shows our construction industry remains vibrant."
Fougere is optimistic for another very successful year of building activity in 2015 with several permits expected for the stadium project and the wastewater treatment plant.
New permits issued in December for projects valued at more than $1 million included alterations on an office building on Broad Street ($4.6 million), Regina Police Service building ($1.07 million) and the liquor store on North Pasqua Street ($1.5 million) as well as a new retail addition in Harbour Landing ($1 million), a new warehouse/office ($6 million), and another permit for the Stadium ($21 million).