Around Town: Second Quarter building statistics
Compared to 2017, the 2018 second quarter construction value for the Comox Valley and Campbell River has increased by 54% or $51 million, with the construction of multi-family residential units and commercial builds contributing to most of the increases.
This week’s issue of Building Links has our quarterly building statistics. The 2018 second quarter building stats show a 54% increase in construction values for the Comox Valley and Campbell River. Learn more at Building Links.
Multi-family residential units, including duplexes and triplexes, surge ahead with 139 units for Courtenay (22 units last year second quarter), 109 units for Campbell River (49), and 23 units for Cumberland (the first multi-family builds since 2011).
Across the board, construction of single-family homes has rebounded from the first quarter and is now slightly higher than last year’s statistics. The popularity of secondary dwellings in the Comox Valley Regional District is the contributing factor to a gain of 45% in single-family construction.
When comparing the first two quarters, the overall construction value continues to increase from $80.5 million in 2016 to $94.9 million in 2017, to $145.8 million this year. For copies of previous years statistics, please email grow@buildinglinks.ca.
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