While the number of building permits issued was down in October compared to last year, construction continues to be strong overall for the year in Kamloops.
The city saw $24 million worth of building permits issued during the sunny days of October through Halloween — a value decline of 41 per cent from the same month last year, which saw $40.8 million worth of permits handed out.
The total number of permits issued in October was 142, compared to 171 last year.
Broken down further for that month, $19.2 million worth of permits issued in October were residential, including one $10.5-million multi-family permit. That project is the modular housing project at 317 Tranquille Rd. on the North Shore.
Commercial permits, meanwhile, were worth $3.9 million, much less than the $26.9 million in permit value issued during October of last year. The $3.9 million in commercial permits are centred largely around two industrial permits worth a collective $2.4 million.
Overall, however, construction values continue to be strong — $210.6 million worth of permits issued through October compared to $183.5 million during the same 10-month period last year.
The city continues to be on pace to break its record last year of $224 million worth of building permits. The city’s development director, Marvin Kwiatkowski, is expecting between $240 million and $250 million to hit the books by year’s end.