Spring is here, and with it comes the beginning of construction season.
We took a look at two indicators in Peg’s Built Environment theme to get a sense of how Winnipeg’s construction industry is doing: housing starts and building permits values.
Peg tells us over a 15-year period, housing starts in Winnipeg have increased more than 300% – from 970 in 2000 to 3,999 in 2015.
Housing starts show the number of new residential units per 10,000 residents, and is used to track changes in the health of the economy. It is a leading indicator, as changes in housing starts occur before general trends in the overall economy can be seen.
Click here for more facts on these numbers.
Building permits value
Building permits value measures the total value of residential construction projects. This indicator is widely used as a leading indicator for the construction industry since the issuance of a building permit is one of the first steps in the construction process.
Click here for more information about these numbers.
Source of the data
Peg’s data for the housing starts indicator provided by the City of Winnipeg. Data for building permits value provided by Statistics Canada.
Peg creates short videos to illustrate data in a different way. Here is one on green building strategies:
Peg is a community indicator system that measures the health of our community year over year – in ways that count. Peg is led by two partnering organizations – the International Institute of Sustainable Development and United Way of Winnipeg.
Regularly, the team at Peg releases data and facts that help us understand our city better. This is one of those regular reports. Click here for other reports.
Peg is the starting place for Winnipeg citizens, educators, policy makers, and many others to learn more about our city so we can lead change to create a better city for our children and their children. At Peg we can all learn how our lives, our neighbourhood and our city is changing – for the good and the bad.