August 2015 Building stats for Penticton
Total permits issued was up 1 to 37 over August 2014.
More importantly construction values took a bit of hit in August down just under $1.4 million from 2014.
Residential values accounted for about $1 million of the loss.
Year to date numbers are still producing a higher trend over 2014 up $6.6 million to $41,634,259.
Duplex, multiunit and renos increased by almost $17 million while single family fell $7 million.
There is a bright spot in 2015 activity and that is the current renovation permits which are almost double from 2014, a sign home owners still have confidence in lower mortgage rates and home values increasing.