Construction numbers continue to climb - InfoNews

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Construction numbers continue to climb

Kamloops continues to see a growth in residential construction this year.
July 15, 2014 - 2:27 PM

KAMLOOPS - Residential construction continues to build on last year’s success but we are still a long way from seeing record numbers

The total permit numbers for June 2014 went up slightly to a total of three compared to June 2013, but there's a major decrease (138) in the number of multi-family permits issued this year compared to last year.

The value of single family residential permits in 2014 is also up by almost $2 million for June 2014 and a total of just over $7 million during the first six months of the year. Single family residential permits saw a large increase for duplexes and secondary suites, up four permits for an increase in value of nearly $1 million.

There was a large decrease for multi-family single units in June, down four permits for a decrease of just under $1 million.

In total residential permits are down to 35 overall, for a total value of $8.17 million in June. That’s a decrease of 11 permits but an increase of nearly $1.8 million over 2013. Residential permits saw a total decrease of 48 permits (to 190) during the first six months of the year, though the value of those permits increased by nearly $3.8 million (to just over $41 million).

Commercial permits continue to struggle this year and were down a total of 11 permits and $1.3 million in value during June for a total decrease of more than $8 million in 2014. A large part of this decrease can be attributed to permits issued for the expansion of NorKam Secondary.

Last year residential permits saw an increase of 42 per cent over 2012 for number of permits issued, though overall permit numbers were down in 2013. In recent history 2010 saw the highest number of permits issued (around 2,000) but 2012 saw the highest value of permits at about $200 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, 2014
InfoTel News Ltd

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