Compared to 2017, the 2018 second quarter construction values for the North-Central Vancouver Island communities of the Comox Valley and Campbell River have increased by 54% or $51 million. Construction of multi-family residential units and commercial builds have contributed to the majority of the increases.
Multi-family residential units, including duplexes and triplexes, surged 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).
Construction of single-family homes has also rebounded from the first quarter and is now slightly ahead of last year’s numbers. 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.