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

Just Posted

Single parent resource centre continues operations in partially-condemned building

Victoria’s 1Up Single Parent Resource Centre moves back into heritage home

Townhouses on the rise in popularity in Greater Victoria

A report finds 152 townhouse units in the construction pipeline and coming onto market in 2020.

‘More animals could have a chance:’ Victoria Humane Society in desperate need of a home

Animal rescue currently has 163 animals in foster and volunteer homes

Free-B Film Festival celebrates 20th anniversary

Head to Victoria’s Beacon Hill Park to see some family favourites on the big screen

Central Saanich accused of not following Climate Emergency declaration with urgent action

Motion to research climate response options and costs rejected then rescheduled in tense meeting

Rich the Vegan scoots across Canada for the animals

Rich Adams is riding his push scooter across Canada to bring awareness to the dog meat trade in Asia

Vancouver Island teens missing after vehicle found ablaze near Dease Lake, BC

RCMP say a body discovered nearby not one of the missing teens

A year later, ceremony commemorates victims of the Danforth shooting

It’s the one-year anniversary of when a man opened fire along the bustling street before shooting and killing himself

Japanese Canadians call on B.C. to go beyond mere apology for historic racism

The federal government apologized in 1988 for its racism against ‘enemy aliens’

B.C. VIEWS: NDP pushes ahead with Crown forest redistribution

This isn’t the time for a radical Indigenous rights agenda

Two dead in two-vehicle crash between Revelstoke and Golden

RCMP are investigating the cause of the crash

Ottawa fights planned class action against RCMP for bullying, intimidation

The current case is more general, applying to employees, including men, who worked for the RCMP

Alberta judge denies B.C.’s bid to block ‘Turn Off the Taps’ bill

He said the proper venue for the disagreement is Federal Court

Most Read