Workers are busy on the front of the 1515 Douglas St. construction project. Construction starts on Vancouver Island grew to record numbers in 2017. Don Denton/Black Press

Vancouver Island construction activity reaches record high in 2017

Capital Regional District sees a 36-per-cent growth in building permits issued over 2016

Led by the Capital Regional District’s 36-per-cent gain over the previous year, construction starts on Vancouver Island grew to a record yearly high of $2.239 billion in 2017, according to a report from the Vancouver Island Construction Association.

“The outlook for the Island’s construction industry is positive for 2018 with economic and population growth fueling the demand for residential and non-residential space,” association CEO Rory Kulmala said in a release. “With expanding building activity, limited labour supply and rising input costs, total construction costs will look to rise at a faster pace, although the forecast remains bright.”

Robust fourth-quarter numbers for the Island, while lower than those seen in the third quarter, saw the overall value of projects started during the year finish at 23 per cent higher than in 2016, Kulmala said.

“Employment in the construction industry also rose Island-wide, with most of the gains occurring outside the Victoria metro area,” he added.

Of the record total, $1.708 billion was in residential building permits, while the $530.4 million total for non-residential permits fell just shy of the record year of 2009 for that type of construction.

The biggest boost to the latter total was an increase in permits for institutional and government buildings.

The report went on to state there is more room for non-residential construction to expand under the Island’s improving economy. Market conditions for office, retail and industrial space are conducive for new investments, while more government building projects are also on the horizon.

editor@vicnews.com

Construction

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Killing of Discovery Island wolf was legal, says BC Conservation Service

Takaya was shot and killed by hunters on March 24

Anti-racism rally takes to the streets of downtown Victoria

Vigil for George Floyd planned at B.C. Legislature for 7 p.m.

Pub seeks 55-seat patio on Oak Bay Avenue

Oak Bay invites businesses to expand onto sidewalks, parking spots

B.C. Conservation kills bear in Langford amid growing problem of habituation

Officer demands garbage lockdown for residents in bear territory

PHOTOS: Greater Victoria School District reports 50 per cent of students back in class

Students are on a rotational schedule alternating two days a week

VIDEO: A Vancouver Island black bear takes weekend nap in eagle tree

Videos captured by Terry Eissfeldt shows the bear arriving Saturday night and sleeping in on Sunday

COVID-19 birthday drive-by celebrations snuffed out in Island community

Bylaw officer visit with threats of a fine mean parade trucks taken off the road

Vancouver Island Regional Libraries to offer ‘takeout’ style services

VIRL will offer the service on a branch-by-branch basis

George Floyd asphyxiated by sustained pressure: family autopsy

Death sparked a wave of protests across the U.S. and abroad

COVID-19: B.C. commercial landlords can’t evict if they decline rent assistance

Emergency order ‘incentive’ for federal program, Carole James says

B.C. Hockey League prepping for 2020-21

League reviewing different scenarios and start times in compliance with provincial regulations

Duncan’s Queen Margaret’s School pioneers thermal imaging in school reopening

Private school is first in B.C. to use new tech post-COVID-19

Investigators probe death of CN employee at Surrey rail yard

Transportation Safety Board is investigating an ‘occurrence that took place during switching operations’

Most Read