By Dylana Milobar

Apartment construction drives Kamloops housing start boom in 2018

Jan 9, 2019 | 8:54 AM

KAMLOOPS — Apartment construction led the way to a housing start boom for Kamloops in 2018.

The latest figures from the Canada Mortgage and Housing Corporation show the amount of housing starts in Kamloops in 2018 nearly doubled from 2017 totals.

In a release today, CMHC says 1,220 units were started in 2018, whereas in the year prior, there were only 658 housing starts in the city.

That is largely due to the number of apartment start-ups in the area, which leaped from 163 units in 2017, to 785 in 2018. 

In nearby Kelowna, after its record year for new home construction in 2017, the area saw a 29 per cent drop in housing starts in 2018.

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For Prince George, their large housing start increase in 2018 was led by heightened construction activity for both apartments and single detached homes. 

Compared to other communities of similar size, both Vernon and Penticton saw moderate increases in the total amounts of housing starts compared to 2017.

The complete rundown of housing starts can be found here.