August 06, 2015 - 2:50 PM
KAMLOOPS – July saw some big increases over last year when it comes to construction activity in the city but the value of construction starts is still well below last year.
After a strong start to the year, and then a plateau in May and June, building permit activity has increased again in July.
At a total of 29, single family housing permits issued this July were more than double the 13 issued in July 2014. However, July of 2015 saw a huge drop in multi-family permits with only one unit issued a permit, compared to 60 in July 2014.
Including new units, additions and alterations, the total number of residential permits issued between the years varied greatly overall, with 63 issued this past July compared with 39 issued July 2014.
Year to date, Kamloops is still well ahead of last year’s residential permit totals. The city has already issued 318 residential permits this year, 89 more than it did during the first seven months of 2014.
While more permits were issued, they do not come close to the value of those issued last year. There were 185 permits issued total July 2015 at a value of just under $14 million. In July 2014 there were only 147 permits issued, but were valued considerably more at just over $60 million.
In total 1,031 permits valued at roughly $102 million have already been issued in 2015. By comparison, 855 permits valued at about $122 million were issued during the same time period in 2014.
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News from © InfoTel News Ltd, 2015