2024 Annual Report Draft

Construction value Residential construction value in 2024 has decreased to its lowest level in the past five years, following an all-time high in 2023.

In contrast, commercial construction value has increased, reaching its highest level over the same period.

Buildings and landscape

2020

2021

2022

2023

2024

Residential construction

$84,892,320 $126,702,940 $146,720,522 $ 190,526,817 $50,916,699

Congregate care construction

$42,866,572

$0

$0

$0

0

Commercial construction

$11,040,650 $26,499,091 $23,988,325

$22,646,134 $37,274,561

Industrial construction

$350,000

$500,000

$12,000

$380,000

290,000

Institutional construction

$19,312,667

$1,644,000 $1,807,720

$150,000

0

Total value of construction

$158,462,209 $155,346,032 $172,528,567 $213,702,951 88,481,260

23

City of Courtenay | 2024 Annual Report