Apartments under construction in Around Town

October 3, 2019

The Canada Mortgage and Housing Corporation recently released it’s second-quarter ‘under construction’ statistics.  While single-family homes construction remains fairly constant from last year, apartments under construction are increasing dramatically in the Comox Valley and Parksville.

The Canada Mortgage and Housing Corporation recently released it’s second-quarter ‘under construction’ statistics showing a dramatic increased in the number of apartments under construction in the Comox Valley, Campbell River, Powell River and Parksville.

Apartments under construction June 2018 vs June 2019

  • Campbell River: 155 vs 88
  • Comox Valley: 47 vs 309
  • Parksville: 9 vs 123
  • Powell River: 2  vs  9

While Campbell River apartment units under construction is down by almost 50% this past June, a building permit approved last week is adding 51 more units to next quarter’s statistics.

Source: www.cmhc-schl.gc.ca

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