Here’s How Many New Buildings are Coming to Mississauga
Published March 25, 2019 at 9:39 pm
It might not have signs at the border, but Mississauga is indeed open for business–and by extension, development.
The City of Mississauga recently announced that it issued nearly $2 billion in building permits in 2018, something it says is a strong indicator of the city’s “thriving economy and prolonged growth.”
In a 2018 report, 3,884 building permits were issued with a total value of $1.85 billion, which covers all types of building permits including new buildings, additions, garages, decks and sheds.
“These are very significant numbers for a city of our size and demonstrate Mississauga remains a city in demand. For the last four years, we have seen continued and healthy growth in development, both in residential and commercial building” said Mayor Bonnie Crombie.
“This type of economic development is a clear indicator that Mississauga is open for business and our city remains a place where people want to live, work, do business and succeed.”
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According to the city, Mississauga fostered more than $771 million in industrial and commercial building permits. Residential permits made up $988 million of the total value.
The city says these permits created 3,312 new residential units and represent 53 per cent of the total permits issued. At a time when all GTA municipalities are struggling with low housing inventory, an influx in residential units is indeed crucial.
The city also intends to keep growing up rather than out, as it’s confirmed that 42 new condo towers have been proposed–not all have been approved–for the City Centre area over the next 10 years. The city is also moving forward on major redevelopment plans in Lakeview and Port Credit.
The city also says it’s working to generate more commercial construction. According to the city, approximately 41 per cent of permits were issued for industrial and commercial permits. The remaining permits were issued for public institutions (2.2 per cent) and churches/schools (2.3 per cent) of total permits.
The city has also introduced pre-zoned lands for business, which is says will help it avoid lengthy rezoning processes. It has also been issuing conditional building permits, which it says allows site work to begin while a builder addresses minor outstanding requirements.
The city also created a development liaison position, which helps the development application process.
“Our ePlans software has made it easier and more efficient to submit and process development applications online. To date, we have processed more than 19,000 applications, with 93 per cent of our users using the online service,” said Ezio Savini, Director of Building.
“In 2018, we saw an average reduction in our first review cycle processing time of 33 per cent as well as an 11 per cent average reduction in overall time to issue a permit compared to paper submissions.”
Do you think development is moving fast enough in Mississauga?
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