Construction at Thompson Rivers University is ramping up, with building permits approved for The Reach and a new nursing building.
In July, the City of Kamloops issued a $1.4-million foundation permit for the $38-million, 49,000-square foot nursing building.
“It’s a pretty busy place,” City of Kamloops building development manager Jason Dixon said.
In July, the city issued 138 building permits worth $40.2 million. Most of that stemmed from residential projects, with $28.2 million in permits for apartments in Orchard’s Walk (140 units) and The Reach (88 units). Apartment permit numbers are up from the same month in 2017, which saw two permits worth $20.8 million. Dixon said it’s consistent with a demand for affordable housing.
“It’s just that trend we’re seeing,” he said.
Single-family dwelling permits, however, are down. In July, 10 permits were issued worth $4.4 million, compared to nearly double those numbers in July 2017. Overall for the year, the city issued 76 single-family dwelling permits worth $27.6 million compared to 125 permits worth $43.3 million in 2017.
Dixon said the numbers don’t tell the whole story, however, due to a spike last year.
“We’re right on par with 2016,” he said. “I think it’s more a reflection of how 2017 was in that market as opposed to any real change.”
The City of Kamloops continues to experience high construction values. It has issued 941 permits worth $158.2 million through July, compared to 1,019 permits worth $104.4 during the same time last year. Residential and commercial values are up from the same time last year, with $110.3 million in residential (compared to $82.9 in 2017) and $38.8 million in commercial (compared to $16.6 in 2017.)
Dixon said high construction values are driven by inflation and larger projects.
A permit for the full cost of the nursing building has still yet to hit the books.
Projects making significant construction headway in the city include a new carwash next to McDonald’s in Valleyview.