Although Mississauga is running low on new lands for development, for the 11th consecutive year, the City of Mississauga has exceeded the $1-billion mark in the value of building permits issued According to the December year-end Building Report, the City issued a total of 4,571 building permits in 2007, exceeding the 2006 year-end total by 6.5 per cent. The City's building statistics show a nine per cent increase in residential construction value over last year and a five per cent increase in construction value for churches/schools and public/city development.
"In Mississauga, our 57 to 43 per cent split between residential and commercial/industrial and other construction value virtually achieves an ideal 60 to 40 per cent balance," said Mayor Hazel McCallion. "This balanced development makes our city a great place to live, work and and operate a business."
According to the December year-end Building Report, the City issued a total of 4,571 building permits in 2007, exceeding the 2006 year-end total by 6.5 per cent. The City's building statistics show a nine per cent increase in residential construction value over last year and a five per cent increase in construction value for churches/schools and public/city development.
Here is how the building permits were distributed:
Residential Construction - 3,426 new units with a total value of $682 Million or 57%
Commercial Industrial - 56 new buildings with a total value of $374 million or 31 %
Other Construction - 10 buildings with a total value of $143 million or 12 %.
Two new multi-unit projects by Erin Mills Development Corporation in the city's west end will add 503 new units. Tridel's Ovation Community and Amacon's Eden Park complex -- will add 574 new residential units in Mississauga's downtown where development is continuing to transform the Mississauga skyline. These residential units are mainly condominium projects in this high density area in the city's core.
In south Mississauga, Trillium Health Centre is adding a new seven-storey wing (118,403 sq. ft.).
As well, the City of Mississauga is completing construction of its new Sports Complex at the Hershey Centre, scheduled to be fully opened in spring 2008. "We're expecting another banner year in 2008 as development continues to shape our downtown, and as new and re-development projects take place in every area of Mississauga," said the City's planning and building commissioner, Ed Sajecki.
For Homes for Sale in Meadowvale, Mississauga, Brampton and Oakville see Sell My Home in Mississauga Want to have MLS access to beat other buyers to your dream home? Sign up with no obligation at my MLS Property Finder Site.
Comments (1)Subscribe to CommentsComment