Construction activity in Summerland was less busy in 2024 than in previous years, according to building permit statistics from the municipality.
From January to November 鈥� the latest month for which figures are available 鈥� the municipality had issued 179 building permits, with a total construction value of $29,199,062.
This is down significantly from 2021, when Summerland had issued 196 building permits with a total construction value of $58,263,000 during the same period. In 2022 and 2023, Summerland鈥檚 building permits from January to November were well in excess of $45 million.
The three years from 2021 to 2023 had the highest dollar value for building permits in the community鈥檚 history.
In all of 2021, Summerland issued 203 building permits, with a total construction value of $59,775,300.
In 2022, the number of building permits issued rose to 232, with a total construction value that year of $49,622,000.
In 2023, Summerland鈥檚 development services department issued 185 building permits, with a total construction value of $47,190,023.
Brad Dollevoet, Summerland鈥檚 director of development services, said high interest rates, tight lending conditions, high construction costs and a lower demand for new housing were all factors in the construction slowdown for 2024.
The complete statistics for all of 2024 are not expected until some time in early 2025.
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