Swift Current's 2014 totals mark an impressive 72 per cent increase from a still solid $38.5 million permit total during 2013.
Driving the increase was a 56 per cent jump in residential building permits from the previous year, with growth from $25.95 million in 2013 to $40.38 million this year. Those totals were driven by 41 single family and duplex units and 90 condo units, with Riverview Village Estates comprising the majority of the condo total.
This year's additional residential building permits have helped contribute to the 850 new residential units constructed in Swift Current since 2007.
The commercial/industrial permit growth has included a series of larger products over the calendar year, including: CJ Oilfield Construction, Paterson Grain, Husky Energy, Custom Truck Sales, SaskPower (in the former Modus building), Pumpjack Equipment Services, Kruse Glass, Simpson Seeds, Ilta Grain, TW Commodities, Kurt's KFC, Standard Motors and others.
Salberg also reported on a series of encouraging statistics for development totals in 2015. A total of 33 development permits have been issued over the first 11 months of the year. after selling 13 acres of industrial land, the City has now sold all but seven acres of city-owned industrial land situated in the Munro Industrial Park. As well, with land sold out in the Highland Subdivision, the City has begun selling 47 new residential lots in the SaskValley Subdivision. Plans are also underway to begin the next phase of lots in the new subdivision, with an anticipated 77 additional lots being moved into their saleable inventory starting next summer.
A series of projects which have already been approved will result in significant construction activity during the new year.
The construction of the Swift Current Long Term Care Facility will be the largest project completed in Swift Current, but a series of additional projects will also add to the changing Swift Current landscape. Commercially, a new Mark's Work Warehouse and SportsCheck will be built adjacent to the Canadian Tire location. A new commercial building has been approved for property next to The Brick and Pinnacle Sports. Also, further commercial development will occur north of the Home Inn and Suites.
Industrial construction will also add a series of additional buildings in the Munro Industrial Park, including the building of a Federated Co-op propane facility, new industrial shops in Swift Current's west end, plus other projects in Munro Industrial Park.
Residential projects will also contribute to the availability of housing in the city, with a 18unit townhouse development approved on Douglas Drive, along with a 24 unit seniors rental multi-family development on the corner of Saskatchewan Drive and Douglas Drive.
Swift Current Mayor Jerrod Schafer said portions of this report simply jumped off the page at him.
"When you look at over $40 million in residential construction in Swift Current in 2014. What that tells me is that people are choosing that Swift Current as a good place to invest in, and a place that they want to live in."
Going back to 2007, Swift Current has now added 850 residential units in the city, a construction rate which bodes well for true population growth that accompanies that total. If there are an average of two people per added unit the city has grown by 1,700, and at three people per unit the growth jumps to 2,550 simply from new units.
Schafer noted that $18.5 million in commercial/industrial development is a testament to the confidence of investors in Swift Current.
"That's investors, both people in Swift Current or people that are looking for a place to invest, as having confidence in the people of our community and the economy of our community. I think that's really telling. The numbers are up, but they've been very significant over the last number of years."
"It's not us that sit around this table that are confident in Swift Current, it's people that are choosing to invest in this community. And $18 million is pretty strong proof of that."
Schafer also highlighted by the end of the year Swift Current will have reached half a billion dollars in total construction over the past 10 years.
"We've talked a lot about construction in the last number of years compared to the previous 25 or 30. But the reality of it is Saskatchewan has certainly grown in the last number of years, and we've done all that we can to take advantage of that. And I think the proof is certainly in the numbers."
"I can't see those trends changing or slowing any time soon. Pretty promising and pretty exciting stuff I think for our community as we wrap up our Centennial year and move into 2015."