Editor’s Note April 18, 2018: Your Weekly Vancouver Island Construction News
We feature the first quarter construction statistics for 2018 in this week’s issue. We are reporting an increase of 28% in overall construction values in the areas of the Comox Valley and Campbell River for 2018 compared to 2017.
Building Links has compiled Year-to-Date Building Statistics for January 1 – March 31, 2018 and we are reporting an increase of 28% in overall construction values in the areas of the Comox Valley and Campbell River for 2018 compared to 2017.
Total construction values for the first quarter of 2018 total $59,623,110 compared to $46,388,088 in 2017. There has been a slight decline in the construction of single family dwellings, and an increase in the construction of multi family residential housing including duplexes, triplexes, fourplexes and secondary dwellings.
The Comox Valley Regional District reported the highest increase (41%) in single family construction when comparing 2017 to 2018. The growth in other municipalities was primarily due to an increase in the construction of multi-family residential units. The overall construction value increase of 28% in 2018 was slightly higher than the 25% increase reported when comparing the first quarter of 2016 to 2017.
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