Building activity remains strong in Vernon

July 18, 2017
News

City of Vernon Manager of Economic Development and Tourism Kevin Poole reported to Vernon Council that building activity remains strong for the first half of 2017. Between January 1 – June 30, 2017, 221 permits were issued with total building permit value of $68.3 million.

“Single family residential construction continues to show solid growth with 103 units created with a corresponding building permit value of $38.4 million compared to 74 units and $26.1 million for the same time period in 2016,” said Poole.

Additional applications in process include several multi-family developments in and around the city centre, the proposed Four Points by Sheraton & Convention Centre at 5400 Anderson Way and a recent application for a Best Western Premier Hotel at 5350 Anderson Way.  

Poole reported that the Municipal Regional District Tax (MRDT) revenue received up to April 2017 is down slightly (-2.3 per cent) over the same period in 2016. Administration is connecting with accommodators and tourism attractions on a regular basis to monitor any impacts as a result of the high water levels and as Vernon prepares to receive evacuees as a result of the fires in the Cariboo.

A complete copy of the Development Activity Update can be found on the City’s website.

Photo: The Hamlets at Vernon located on 29 Avenue.