City reports second-highest year for construction in Nanaimo
NANAIMO — 2021 put Nanaimo in the category of one of the fastest-growing urban centres in the country, and it appears the trend is continuing.
In 2022, the City issued building permits with a total construction value of $410 million, the second-highest year on record, far beyond the ten-year average of $250 million.
During a Monday, March 6 council meeting, general manager of development services Dale Lindsay outlined numerous notable projects approved last year and those still in the permitting phase.
“Number of single-family units…were 144 last year, and that’s down from approximately the ten-year average being 250. Nanaimo historically built single-family homes, we’re around 60/40 in terms of the composition of single-family versus multi-family, but I can say the trend is very much moving away from that.”