2021 Year End Building Permit Statistics in Around Town
Your Weekly Construction Briefing
This week’s issue includes the 2021 Building Permit Statistics for the Comox Valley and Campbell River regions. Total permit values have increased by 12.98 per cent to $435.7 million with the number of permits increasing by 15.94 per cent to 1091 permits.
The increase has been driven primarily by multi unit projects in Campbell River, duplex to fourplexes in Courtenay, commercial in Cumberland and Courtenay, single family in Comox, and tourist accommodations in the CVRD. Other local communities are not yet providing building permit values consistently enough to provide comparable statistics.
Since 2017, 5266 new units have been built in the Comox Valley to Campbell River with 1816 single family homes and 38 three+ storey multi family buildings totalling 2314 units. Single family construction has been consistently between 340 and 380 units annually over the last 5 years, with contractors quickly reserving available lots.
There continues to be a steady stream of rezoning applications requesting increased density for townhomes instead of single family. 2022 and 2023 is expected to follow the same trend, where 2024 may result in more single-family lots if all the proposed projects are approved.
Building Links Construction Reports and Statistics: The weekly #1 construction projects resource for 27 years. New and updated projects, permits, tenders, and industry connections for Vancouver Island – Central North, West Coast and Powell River. Helping you build connections so you can build communities! Where are you getting your information from? Support local trades – Subscribe Now!
