City developments on track to bounce back from pandemic slump
NANAIMO — The pace of new residential and commercial builds throughout Nanaimo are slated to return to normal in 2021.
The value of construction underway in 2020 dipped significantly due to the COVID-19 pandemic, a drop which was more pronounced due to the record high number of developments approved in 2019.
Lainya Rowett, manager of current planning with the City, told councillors on Monday, Aug. 30 construction values are expected to reach nearly $320 million by the end of the year.
“We are above 2020, so on the rise and projecting just over 1,300 units for 2021.”