We feature our third quarter construction statistics in the October 22 issue on Page 2. This information covers the areas of Courtenay, Comox, Cumberland, the CVRD and Campbell River and details the amount of permits and construction values that have been issued from Jan. 1 to Sept. 30. 2014.
We are happy to report that construction activity is increasing in Courtenay, Comox, Cumberland and the Comox Valley Regional District. The overall construction statistics have declined in Campbell River, due to a decrease in permits for commercial/private sector buildings this year. Campbell River’s permit values for large projects are expected to increase in the next 12 months due to the construction of the addition to the Campbell River Hospital and the John Hart Dam. Overall construction values for all of the communities stand at $123 million compared to $134 million at this time in 2013; a slight decrease of 13%. We forecast that the total values will continue to rise slightly in the next three months, so that by the end of 2014, the construction values are expected to catch up by about 8% in tune with the values from 2013.
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