October 03, 2016 - 1:20 PM
KAMLOOPS - Some valuable single family homes helped bump up building permit values in Kamloops last month.
While 2016 has fallen more than $20 million behind 2015 in terms of building permit value, September saw some catch up with the number of permits rising by more than 12 per cent and the value of construction up by $3.5 million compared to September 2015. However, it was the lowest valued month since May this year.
A major contributor to that total was 20 new single dwelling permits worth more than $7.5 million. With fewer multifamily home projects this month, the number of new places to live didn’t rise too much, but was still higher than the same period in 2015.
The number of homes in the city continues to increase faster than last year, due mostly to new apartment projects. Permits for 500 new units have been issued in Kamloops this year, including apartment units, well above the 279 permitted over the same period last year, though most of that difference does come from new 295 apartment units to be built.
September 2016 was a better month for the construction industry this month for other reasons, as well. Permits were issued for the Westsyde Pool roof, adding another $2.4 million in value to the month’s projects, while there were almost 20 more miscellaneous permits which helped more than double the value of September 2015.
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