Construction: The Big Picture

The future looks stagnant if you base predictions for commercial and residential construction in the Kelowna area on one set of numbers alone. Recent Canada Mortgage and Housing Corporation (CMHC) figures indicate  only minor improvement in single family and townhouse construction numbers while condo development is flat.  But that’s not the whole picture. Things are changing here in Kelowna,” says Jim Paterson, executive director for business development at Kelowna City Hall. “The number of building permits applied for is increasing significantly in the core Kelowna area. Where we see them growing slowly or not at all is in the...

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