Building Boom in Kamloops, Kamloops This Week

This article appeared in the Kamloops This Week on January 3rd, 2013 and was written by Andrea Klassen.

New Construction Kamloops BC Real EstateFor the first time since 2008, Kamloops has handed out more than $200 million in building permits in a single year.

The city’s latest statistics show $202-million in permits were given out in 2012, compared to $162.5 million in 2011.

City staff had originally predicted they would hand out between $130 and $150 million in permits this year, but a number of major projects drove the estimate up.

Among those was the Telus data centre. Its $30-million permit accounted for nearly all the $31-million in commercial-building permits issued in December 2012.

“That’s the one that put us over,” said city director of development and engineering services Marvin Kwiatkowski, who expects the big-ticket projects to continue into 2013.

“There’s still some others coming through the door, so I think we’re going to have a good start this year as well.”

Among the projects on the horizon are an $8-million permit for interior work on the new law building (the revamped Old Main Building) at Thompson Rivers University, a new $2.2-million John Deere dealership and a $60-million permit for the new clinical-care and parkade building at Royal Inland Hospital.

“It’s positive, because it’s putting people to work,” Kwiatkowski said. “When you’re having large projects of that nature, you’re having a lot of activity in the city. So, that’s a positive for our economy.”

After two years of relatively flat residential-construction numbers — 350 units of new housing were built in 2012, compared to 400 in 2011 — Kwiatkowski said that sector will probably pick up this year.

“We’ve got three larger multi-family projects, totalling just over 200 units. It could be close to $20 million with these three projects alone,” he said. That is more multi-family units than were built in the city in all of 2012.

For 2013, Kwiatkowski is predicting the city will hand out about $160-million in permits. Taking into account the projects he’s already aware of, Kwiatkowski is confident that target will be met.

“If you throw in all these projects here, including the hospital, we’re close to $100 million. And, if I put in residential like we’ve had the last couple of years, that’s another $40 million,” he said.

From there, smaller projects should fill the $20 million gap.

Kwiatkowski is also hoping to see more single-family home permits handed out in 2013 — a trend that often follows a period of heavy commercial construction.

Only 131 permits for single family homes were given out in 2012, two fewer than in 2011.

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Kamloops Home For Sale: 640 Stansfield Road, Westsyde, B.C. $324,900

Westsyde Kamloops Real Estate for Sale

Nice Westsyde half duplex rancher on a quiet dead end street. 2+2 bedrooms with a 3 piece master ensuite, and two other 4 piece bathrooms. Spacious open great room floor plan with cherry kitchen, gas fireplace and overlooking fenced backyard. There is tile and laminate flooring on the main floor. The basement features a large rec room with separate entrance and suite potential. There is central a/c and central vac. Concrete patio in backyard. Single car garage with lots of parking. Schedule A to accompany all offers.

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Kamloops Home For Sale: 3608 Navatanee Drive, Rivershore Golf Course, Deloro, B.C. $599,900

3608 Navatanee Rivershore Golf Course Kamloops Real EstateQuality built custom home backing on to the golf course with 4 bedrooms, 1 den, 5 bathrooms, and indoor inground pool. The open layout has over 4,000 square feet of living space plus an additional 875 square feet of space in the pool area. Large kitchen with centre island, nook and large pantry. Updated appliances. Laundry is located off of the kitchen. French doors off of the kitchen lead to the private yard and patio (recently redone). The dining room features high ceilings, lots of windows and a nice gas fireplace. This could also be a formal living room. Family room overlooks the pool room. The home has new flooring, paint, furnace, heat pump (central a/c), hot water tank. Built in vacuum, underground sprinklers, double car garage with golf cart storage area. The yard is fully fenced and extends past the back fence with potential for more room. There is a theatre room in the basement and an additional family room. There are tons of extras in this home you would have to see it to appreciate all it has to offer. Bare land strata of $138/month includes basic cable TV.

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