construction in the nanaimo region
The construction sector is an important contributor to Nanaimo’s economy. It is the third largest employment sector, providing 4,645 jobs for 9% of Nanaimo’s labour force (2016 Census). The number of jobs in the construction sector grew by 5.21% between the 2011 and 2016 Census. The largest number of business licenses in the City are held by construction related firms.
The construction industry benefits from continued population growth in the Nanaimo area. In 2018 the construction value of building permits was $216.0 million. Residential building permits accounted for 86% of the total building permit values followed by commercial permits at 12%, public at 0.69%, Industrial at 0.56% and miscellaneous at 0.46%.
Development activity in Nanaimo is guided by the City’s Official Community Plan (OCP). The current OCP was established in 2008 with public input through the “Plan Nanaimo” process. The plan outlines seven goals. For more information please following the link.
The construction sector accounts for 18.90% of licensed businesses operating in the City of Nanaimo. There were 1,144 licenses issued to construction firms as of July 2019. The majority of licensed construction businesses are relatively small, having fewer than 20 employees. In addition to these businesses, there are 23 licensed real estate and related businesses in Nanaimo.