Kelowna feels building boom
If the first three months are any indication 2014 will be booming for Kelowna's construction industry.
During his quarterly update to City Council Monday, deputy city manager, Paul Macklem, said construction values for the first three months of the year came in a $66M, 10 percent ahead of last year.
"This is a significant indicator in growing confidence in a local economy and the highest value first quarter since 2010," said Macklem.
"Sixty-five permits have been issued for new, single family dwellings which is also the highest number since 2010."
Macklem also stated 340 development applications were projected to be processed with 160 new lots approved.
Records also continue to fall at Kelowna International Airport.
"We just got news today that each of the first three months in 2014 were new records passenger months putting YLW almost seven per cent ahead of the same period last year."
Macklem says with 412,000 passengers already passing through the airport over the first three months, the city is a year ahead of its Drive To 1.6 Million Passengers which was targeted for 2015.
Kelowna International ended 2013 as the 10th busiest airport in Canada with just over 1.5 million passengers putting it about 50,000 passengers behind Victoria and slightly ahead of St. John's NL.
Comments on this story are pre-moderated and approval times may vary. Before they appear, comments are reviewed by moderators to ensure they meet our submission guidelines. Keep it clean, keep it civil, keep it truthful, stay on topic and be responsible. Comments are open and welcome for three days after the story is published. We reserve the right to close comments before then. Comments that appear on the site are not the opinion of Castanet, but only of the comment writer.
Read more Kelowna News
- Rifle stolen from truckVernon / N. Okanagan
- RCMP truck goes off cliffVernon / N. Okanagan
- Stalking cougars killedVernon / N. Okanagan
- Cougars in your backyard?Poll
Kelowna Discussion Forum
Kelowna's Cultural District
Kelowna Road Closures
William R. Bennett Bridge
Tourism Kelowna Central Okanagan
District of Peachland
District of Lake Country
School District 23
Okanagan Regional Library