Home builders in Kamloops expecting slight downturn in projects
KAMLOOPS — After the City of Kamloops broke a record for building permits for a second straight year, there is caution from home builders in Kamloops who say the city is in for a slowdown in the coming years.
In the last two years, residential construction has taken off, but particularly in 2018 when homebuilders experienced a 12 per cent uptick in activity.
“The demand has been there. There’s been people coming from around the province. There’s been an exodus of people leaving the Lower Mainland and coming over from Alberta as well,” notes President of the Canadian Home Builders’ Association of B.C. Matt McCurrach who also owners Kamloops homebuilding company Homex. “So that’s really helped stimulate the housing economy in Kamloops.”