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Strong start to 2015 construction year

Multi-family construction continues to boom in Kamloops.
February 11, 2015 - 8:31 AM

KAMLOOPS - With 28 new residential units approved through the permitting process in January, Kamloops has kicked off 2015 with some strong numbers.

In total eight single family and 20 multi-family units were approved last month, up from a total of just five units in January 2014. Permit values for just residential units were valued at nearly $6.5 million more this year, largely due to the $5 million multi-family project.

Total residential permits issued are up significantly over the past six years as well and so far 2015 is the second best year for number of permits issued and value of those permits in the last decade.

While the number of commercial and industrial units created are on par with last year the values of the permits are significantly less, coming in almost $5 million lower.

Here is how residential permit numbers compare year to year in the first month of the year:

2015: 46 permits valued at $7.48 million
2014: 6 permits valued at $1.06 million
2013: 23 permits valued at $2.37 million
2012: 25 permits valued at $3 million
2011: 24 permits valued at $3.28 million
2010: 33 permits valued at $4.88 million
2009: 14 permits valued at $2.04 million
2008: 61 permits valued at $10.81 million
2007: 19 permits valued at $3.34 million
2006: 41 permits valued at $5 million

To contact a reporter for this story, email Jennifer Stahn at jstahn@infonews.ca or call 250-819-3723. To contact an editor, email mjones@infonews.ca or call 250-718-2724.

News from © InfoTel News Ltd, 2015
InfoTel News Ltd

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