Feb 08, 2006
The City of Mississauga's 2005 year-end total value of building permits issued reached $1.105 billion, making 2005 the ninth consecutive year that the City has exceeded the $1 billion mark.
According to the December year-end Building Report, the City issued a total of 4,434 building permits in 2005. The City's building statistics also indicate continuing strong commercial/industrial development and a slight increase in the percentage of residential development which reflects the amount of high-rise residential construction taking place in the City Centre area.
The total value of building permits issued for residential construction totaled $645 million (4,088 new units) or 58.4 per cent of the year's total. Commercial/industrial construction totalled $340 million (60 new buildings) or 30.7 per cent.
"2005 has been another tremendous year for development in our City, particularly in the City Centre where high-rise development is dramatically changing the Mississauga skyline," said Mayor Hazel McCallion. "I'm also pleased to see that companies are continuing to take advantage of our great commercial and industrial development opportunities."
A number of residential construction projects have contributed to the remarkable transformation of the City Centre. They include high-rise developments by Daniels Corporation just west of the Mississauga Civic Centre, the Fernbrook Homes/Cityzen Development Group at the corner of Hurontario Street and Burnhamthorpe Road and Amacon's Eden Park project at Hurontario Street just north of Central Parkway West.
As well, the construction of a number of new commercial/industrial properties will contribute to the economic vitality of the City. They include Maple Leaf Foods Corporate Headquarters on Mississauga Road, Kingsway Financial Services Corporate Headquarters on Hurontario Street and Staybridge Suites on Hurontario Street.
"The City will have another banner year for construction in 2006," added Planning and Building Commissioner Ed Sajecki. "Currently, our Building Division has more than 100 active applications which represent about $350 million in construction value. In future years, if current conditions continue, we look forward to Mississauga's construction activity reflecting our City's growth forecasts. I am especially pleased with the continuing strength of our industrial and commercial market."
In a report released in December 2005, staff presented revised City Growth Forecasts to be consistent with the Province of Ontario's 2005 Proposed Growth Plan for the Greater Golden Horseshoe (Places to Grow) initiative. The revised estimates are also based on the City's updated housing, office and employment supply estimates, including the ongoing potential for intensification and redevelopment in the City Centre.
The revised Growth Forecasts confirm Mississauga's 2006 population as 700,000. As well, employment exceeds 400,000 jobs. At build-out, the City's population will grow to approximately 800,000 with 500,000 jobs.
The City's revised Growth Forecasts demonstrate that the City Centre will be the focal point for new development in Mississauga. Today, the City Centre area population is approximately 40,000 and employment is over 20,000 jobs. The area's population is projected to exceed 100,000 and the City Centre has the capacity to triple in the number of jobs.
"The City Centre is emerging as Mississauga's hub where people can find innovative housing choices, diverse commercial and employment options, and an abundance of leisure opportunities," added City Manager Janice Baker. "Our challenge now is to build the infrastructure that supports this development. Rapid transit is a top priority and a necessity for connecting our communities to our hub and to destinations throughout our city, as well as linking Mississauga to other inter-regional destinations."
For more information about the City's December Building Report, please contact Agris Robeznieks, Chief Building Official and Director, Building Division at 905-615-3200, ext. 5594. For more information about the City's December 2005 Growth Forecasts Report, please contact John Calvert, Director of Policy Planning, at 905-615-3200, ext. 5727. Both reports are available online at the City's website at www.mississauga.ca.
Mississauga is Canada's sixth largest city with a population of 700,000. With well-established infrastructure and state-of-the-art facilities, the City delivers quality municipal programs and services to its citizens. Mississauga is recognized as Canada's safest city.
Senior Communications Advisor, Community Services
Phone: 905-615-3200 x5051