Year to Date Building Statistics in Around Town
Your Weekly Construction Briefing
Compared to 2019, the 2020 year to date construction values for the Comox Valley and Campbell River increased by 17.46% ($24.8 million). That increase is driven by large commercial projects in Courtenay.
Residential construction values declined by 22.5% with -51% in Comox, -50% in Courtenay, -52% in Cumberland, +12% in the Comox Valley Regional District and +5% Campbell River.
While the decrease in residential values for Comox, Cumberland and Courtenay is led by reduced Multi Family permits, the decrease in Courtenay is also due to single family construction. In Courtenay, from January to the end of June in 2019, there were 72 single family home permits issued, whereas in 2020, 38 single family permits were issued.
The decrease in single family homes is expected to be related to the availability of building lots and sub-trades.
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