Penticton may not have beaten its previous records for construction in 2021, but the city came close.
The city issued building permits worth more than $168 million in total for 2021, giving the city it’s fourth-biggest year on record according to the city’s building reports. It’s a dramatic return to form after the pandemic’s impact in 2020.
Both 2017 and 2016 remain the busiest years for construction on record, with more than $197 million worth of construction in both years, followed by more than $182 million in 2019.
It’s not just the value of the construction that was a return to form for 2021, but the number of permits and the number of new residential units that were approved.
In 2021 there were 920 permits issued in total, more than any year other than 2017, which saw 1,093 issued.
With an ongoing housing crunch, the permits for 2021 included 449 new residential units, with the majority in multi-family developments, followed by single-family developments and new secondary suites.
In 2020, there were 331 new residential units permitted set to be created, 401 units in 2019, 517 units in 2018, 479 in 2017 and 443 in 2016.
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