Comox Valley and Campbell River 3rd Quarter Building Permit Statistics In Around Town
Your Weekly Construction Briefing
This week’s issue includes year-to-date Building Permit statistics for 2023. Comparing the year-to-date 2022 and 2023 building permits for the Comox Valley and Campbell River, total construction values increased from $286,847,887 to $341,249,180. The number of permits issued, however, shows a 2% decrease from 676 in 2022 to 664 in 2023. As a comparison, the same period in 2021 had 886 permits with a total value of $337,265,202.
Compared to 2022, the number of permits for single family (including secondary suites) issued this year decreased by 21%, the number of units of duplex to fourplexes dropped by 42%, residential renovation permits increased by 10%, commercial permits increased by 26%, and the number of multifamily units jumped from 182 in 2022 to 653 so far this year (no change from the 2nd quarter).
The difference in permit values is related primarily to commercial projects. A decline in Comox is from a $36M care home in 2022, an increase in Courtenay is from a $59M NIC student housing, the decline in Campbell River is from 2022 for a $6M compost facility and $4M Sportsplex upgrade, and the increase in Cumberland is for two projects at Bevan Industrial Lands. Residential permits up to the third quarter of 2022 represent 201 SF, 77 SS/ADU, 104 units in duplex to fourplex, and 188 multi-family units. For 2023 so far, permits represent 132 SF, 87 SS/ADU, 57 units in duplex to fourplex, and 653 multi-family.
The statistics on page 2 of this week’s report shows a summary of year-to-date permits, with comparing total $ values and single-family permits to the third quarter totals for 2022.
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