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City on track for $106-million permit year
After blasting through estimates in 2012, Kamloops’ building-permit numbers are looking more conservative in 2013.
Through the first six months of the year, the city processed just under $80 million in permits, according to a mid-year update from development and engineering services.
By that time in 2012, the city had given out $101 million in permits.
While residential construction is slightly up for the year, building construction values for commercial, industrial and institutional project are less than half what they were a year ago.
However, the city is still on track to meet its permit projection of $106 million for the year, the report notes, thanks to high-value expansions planned for Moly-Cop and the Royal Inland Hospital.