2015 Year-To-Date Construction Statistics for Campbell River and Courtenay, Comox, Cumberland, and the CVRD
The year to date statistics in our January 20, 2016 issue compares the permits and construction values of 2015 to 2014. Total construction values total $305 million; mostly due to the construction of the new hospitals in both Courtenay and Campbell River. Building permits for the construction of single family homes remain stable in both Comox and Courtenay and it is down considerably in Campbell RIver, the Comox Valley Regional District and Cumberland.
Construction of new single family homes has declined overall in the Campbell River and Comox Valley areas. In 2015, there was a total of 248 new homes built, compared to 345 in 2014, a decline of 28%. There does seem to be a trend towards building secondary suites in the region, as Comox, Courtenay, Cumberland and Campbell River reported the construction of the new suites.
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