Year to Date Building Statistics in Around Town
Compared to 2018, the 2019 year-to-date construction values for the Comox Valley and Campbell River has decreased by 2.75%. Cumberland and Comox experienced a decline in single family and secondary dwellings with 41 and 46% respectively, while Campbell River was the only municipality to record an increase from 59 to 62 units (5%).
The number of multi-family (5+) units has decreased from 208, in the first two quarters of 2018, to 85 units so far this year, and the number of duplexes to fourplexes rose from 70 to 101 units. While permits for multi-family units has decreased at this time, we are currently tracking over 1100 units among 16 Comox Valley and Campbell River projects and expect most of these to receive building permits in the next 18 months.
Despite the slight decline in construction values and single-family units, the statistics continue to show a robust local construction industry. When comparing the first two quarters over the past 4 years, the overall construction values where $80.5 million in 2016, to $94.9 million in 2017, to $145.8 million in 2018, and $142 million this year. For more information, email Pam BeynonBrown firstname.lastname@example.org.
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