Strong building year in Kamloops
By Jennifer Stahn
Kamloops saw a growth in residential construction in 2014.
(JENNIFER STAHN / iNFOnews.ca)
January 09, 2015 - 11:55 AM
KAMLOOPS - More than $190 million in permits were issued in 2014, up nearly 28 per cent over 2013 but it wasn't quite a record year.
The year ended strong, with more than double the value of permits issued in December 2014 over December 2013. With a total of 14 residential units issued permits in December, the number of permits issued was double year over year and permit values came in just under $6.8 million.
More than 1,600 permits, valued at a total of nearly $191 million, were issued in 2014, up from 1,542 permits valued at just over $149 million in 2013. This was down from about 2,000 permits issued in 2010 and a record value of $200 million in permits issued in 2012.
Those 1,600 permits last year include 487 new residential units, 136 commercial permits and 995 permits for things like demolition, accessory buildings, plumbing, retaining walls and swimming pools or hot tubs.
For residential units, the largest jump in 2014 was for duplexes, which at just under $6 million in permit values, jumped nearly 129 per cent over 2013, though the number of permits issued only jumped 62.5 per cent.
The biggest slide on the residential side was in apartments. Only two permits, valued at a total of just over $16 million, were issued for apartments in 2014, though eight were issued in 2013 at a value of just over $21 million.
Permits issued for commercial units dropped in value almost $11 million though institutional values jumped nearly 266 per cent to $49.5 million.
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News from © InfoTel News Ltd, 2015