Wednesday May 22, 2013


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  • QUESTION OF THE WEEK

    Survey results are meant for general information only, and are not based on recognised statistical methods.





    Building values for 2012 exceed City’s expectations

    More than $200 million for fourth time in last 10 years

    Construction values in Kamloops cracked the $200-million mark last year — the fourth time in the past decade.

    City development and engineering services director Marvin Kwiatkowski said Wednesday Telus’s data centre alone boosted the tally by $30 million. The total was $202.6 million, compared with $162 million the previous year.

    Commercial, institutional and industrial construction lumped together were double that of last year, coming in at $115 million compared with $57 million in 2011, he said.

    “That’s a pretty big gain,” said Kwiatkowski.

    On the residential side, things were slower in 2012 than in 2011, with $78 million worth of homes built compared with $96 million the year before.

    However, the number of single-family permits issued was almost the same, at 131 and 133, respectively.

    Multi-family housing slowed down last year, but already Kwiatkowski knows of three projects in the hopper for 2013. Those three will create 209 housing units at a total value of $19 million.

    Those aren’t the only projects on the construction horizon for 2013.

    Kwiatkowski is expecting the Royal Inland Hospital expansion to come in at around $60 million, NorKam trades and technology program at $5 million and interior work on the Thompson Rivers University law building at $8 million. And that’s not all.

    “Molycop just came in with an application for their expansion. And that one creates 35 more jobs. I don’t have a value for that one yet. They just brought the plans in,” he said.

    “So I think we’re starting off quite well. It should be a fairly strong start.”


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