The pace of residential and commercial construction in Warman has dropped over the past year, according to a report tabled at the Warman City Council committee of the whole meeting on Monday, August 21.
“Both the value and number of permits are down from last year,” stated Warman Planning and Development Manager Brad Toth in his report to council. “But this is a similar situation to what we have heard from other municipalities outside Saskatoon for the 2023 year so far.
“Interest rates, uncertainty, and high building costs are all contributing to the slowdown.”
Between January 1 and August 16, 2023, Warman issued 160 building permits worth a total value of $19,138,166.
Included in those numbers are 10 commercial building permits valued at $2,583,735; 25 single-family and 6 multi-family dwellings worth a combined total of $13,420,741; and 119 permits for decks, garages and other additions worth $3,133,690.
For the same period in 2022, the city had issued 167 permits worth a combined total of $28,116,179. The permits during that period last year included 21 commercial building permits worth $4,542,500; 38 single-family and 9 multi-family dwellings valued at $20,735,000; and 99 miscellaneous permits worth a combined total of $2,838,079.
The City of Martensville, meanwhile, has also recorded steady, if somewhat slower, growth in construction compared to last year.
According to statistics posted on the City of Martensville website, the municipality has issued a total of 109 building permits worth a combined value of $8,816,738 between January 1, 2023 and August 1, 2023.
These numbers include 20 commercial and industrial building permits, 7 single-family and 5 multi-family dwellings; 48 residential additions, and 32 “other” permits issued for the first six months of the year.
In the twelve months for the calendar year 2022, Martensville saw 16 single-family and 22 multi-family dwellings, as well as 12 commercial buildings, 88 residential additions, and 1 government or institutional project, worth a combined value of $16,547.872.
Martensville’s peak year for construction was in 2015, when the value of all projects was $63,562,469.