File photo (Image credit: CFJC Today).

By Aaron Schulze

BUILDING PERMITS

New home construction continues to carry Kamloops building sector in September

Oct 15, 2024 | 6:33 AM

KAMLOOPS — Residential permits continued to carry the Kamloops building sector in September.

New numbers released by the City of Kamloops Building Inspection Division show $27.2 million in permit activity for September 2024, more than double the $13 million during the same month in 2023.

A notable permit includes one 59-unit multi-family project worth $17 million. In total, 27 residential permits providing 74 units of housing were worth $22.7 million in September 2024 compared to 28 permits providing 18 units and a value of $10.6 million in September 2023.

As of September, the city reports $281.5 million in construction value, surpassing the 2023 year-end total, which was $224.7 million. Residential permit activity is listed at around $176.7 million as of September 2024, more than double the $69.3 million during the same time last year. That’s despite the city approving 194 permits so far in 2024 compared to 225 in 2023.

In total, 729 permits have been approved throughout the first nine months of 2024, down from 834 during the same timeframe last year. However, the construction value of $281 million in 2024 is more than double the $134 million during the same timeframe in 2023.

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Kamloops set its annual record for building permits in 2022 with $415.4 million.

The full building permit reports for September can be viewed here.