May 5 Building Links Updates – 1st Quarter Construction Stats

We feature our first quarter of statistics for 2014 in this week’s issue.

Construction activity is picking up in the Comox Valley and Campbell River region. During the first three months of this year, 71 new homes started construction compared to 58 during the same time period last year representing an increase of 22%.

In the Town of Comox, three separate permits were issued for townhomes and duplexes to build 18 units for a total of $3,330,220. The construction values in Comox are $5.5 million compared to last year, when there was only $1 million in construction values, an increase of $4.5 million.

The total construction values for the Campbell River, the Comox Valley and the CVRD have increase their total values from $28 million to $29.7 million during the first quarter.