Construction values still down for quarter

Construction is down in Cranbrook when compared to the same third quarter period last year.

Construction is down in Cranbrook when compared to the same third quarter period last year, according to the city’s latest building permit summary. In 2013 the third quarter total for construction value was $6 million, down from 2012 figures of $7.1 million.

Staff presents the summary every three months and it gives an idea of what is going on construction wise in the community.

“They’re a little less than last year,” said CAO Wayne Staudt. “I think these things go in cycles, but generally are down for the quarter in the third quarter compared to last year and our numbers are also down here to date.”

While residential and sign construction is up for the quarter, commercial, industrial and institutional construction are all down.

In terms of residential construction, third quarter values were $4.3 million, up from $2.6 million for the same period last year. The year-to-date construction value is $8.8 million in 2013, compared to $9.7 in 2012.

Commercial construction dropped to $1.6 million, from $2.3 million in the third quarter of 2012. The year to date value was almost half last year’s at $5.3 million in 2013, versus $10.4 million in 2012.

Industrial figures are down this year with year-to-date values of $262,165 this year compared to $4.6 million last year. Institutional construction was also down for the year at $95,900 this year compared to $618,292 at this time last year.

Sign construction value was up compared to last year, at $213,392 in 2013, compared to $176,447 in the same period last year.

“I think we all know that the economy is still struggling and we’re all trying to find ways to improve the economy,” CAO Staudt said. “As long as we’re collectively trying to find ways to improve the economy that’s the best we can do.”

Just Posted

COTR Avalanche volleyball teams in fine form heading into season opener

Men’s and women’s teams square up against the Douglas Royals on Friday, Saturday

Josh Dueck elected to Canadian Paralympic Hall of Fame

Born and raised in Kimberley, he credits his supportive home town and family for making him who he is

Cranbrook Mountie gets peacekeeping award in Kelowna

On October 11, 2019, several awards were given out in Kelowna by… Continue reading

Old willow collapses in Spooner Park

A willow tree that has long stood in Rick Spooner Memorial Park… Continue reading

Kootenay-Columbia candidate cautious after getting threats

Trev Miller of the Animal Protection Party carries on campaigning under shadow of threats, abusive emails

Spotlight on B.C.: Liberals need at least 10 B.C. ridings to take the election

Black Press Media presents a four-part series into how B.C. will affect the federal election outcome

Kawhi Leonard, former Toronto Raptor, welcomed back to Vancouver at pre-season game

Fans go wild at pre-season game between L.A. Clippers and Dallas Mavericks at Rogers Arena

Greens and NDP go head to head on West Coast; Scheer takes fight to Bernier

Trudeau turns focus to key ridings outside Toronto after two days in Quebec

Canucks beat Stanley Cup champs 4-3 in a shootout

Leivo nets winner, Vancouver dumps St. Louis for fourth straight win

‘The more you test, the more you find’: Beef recalls a sign of success, experts say

Despite appearances, experts say a recent rise in major recalls is not a sign of food supply problems

Scholars say religious vaccine objections can’t be traced to Biblical sources

Vaccinations are a requirement to attend class in Ontario and New Brunswick, while B.C. launched a demand this fall

ELECTION 2019: How would the major parties address Canada’s housing crisis?

Promises include speculation taxes, more affordable housing, and declaring housing a human right

Two years later, City of Fernie remembers

Oct. 17, 2019 marks two years since the tragic ammonia leak at Fernie Memorial Arena

Japanese buyer expands wood pellet contract with B.C.’s Pinnacle

Mitsui and Co. increases contract with Interior energy producer

Most Read