Booming residential construction values put Nanaimo on pace for record year: City
NANAIMO — The construction industry remains red hot in Nanaimo, according to a report from the City.
City staff recently presented a report breaking down community development data for the first six-months of 2018.
The report found the value of residential construction was booming at nearly double the 10-year average. Through the first half of 2018, residential construction permits accounted for $104 million in value, well above the 10-year average of $66 million.
Dale Lindsay, the City’s director of community development, said Nanaimo is on pace for a fifth straight year of total construction values over $200 million and is likely to hit a new record high.