Construction Summary for the Comox Valley & Campbell River Region

Posted: May 11, 2010

Construction Statistics up by almost 250 Percent

Construction statistics increased significantly, by almost 250% from the same quarter last year. Campbell River is leading the way with 80 permits for single family dwellings this year as opposed to nine permits in 2009, an increase of 788%. Comox is up from 5 permits in 2009 to 42 permits for 2010, with two of the homes in Comox containing secondary suites. Courtenay from seven permits in 2009 to 26 permits in 2010. The Comox Valley and Strathcona Regional Districts saw a slight decline from 21 permits in 2009 to 17 permits in 2010 and Cumberland from four permits in 2009 to eight permits in 2010.

The overall value of construction in the region has also grown by 246% from $19 million in 2009 to almost $67 million in 2010.

This trend is expected to continue into the next quarter as there is a large inventory of single family lots in Campbell River compared to the very low inventory of lots in the Comox Valley.

Excerpted from Building Links, a North Island Construction Report.

Please note that this blog entry was published more than three months ago. Some details may be outdated.

 

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