Building Links has compiled year-to-date building statistics for January 1 – March 31, 2018 and they 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.
Construction values in these areas for the first quarter of 2018 total $59,623,110 compared to $46,388,088for the same period 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 including duplexes, triplexes, four-plexes and secondary dwellings.
The Comox Valley Regional District (CVRD) reported the highest increase (41%) in single family construction when comparing 2017 to 2018. The growth in other municipalities surveyed 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.