Development on Burke Mountain and along the Evergreen Line led to a net gain of 1,444 homes in Coquitlam last year.
Of that total, 1,136 are new multi-family units while 275 are single-family, with another 207 listed as suites, according to the city’s final trimester report for 2015, which also noted 144 units were demolished.
“The number of development applications received and building construction output remains strong compared to longer term historic levels,” said the document.
The overall value of building permits issued in 2015 was $366 million, up from $352 million in 2014. Of that total, the vast majority — $235.2 million — comes out of the southwest area, where Evergreen Line construction has spurred a building boom along North Road in Burquitlam.
The City Centre neighbourhood saw $64.5 million in building permits while the northeast sector, which includes Burke Mountain, recorded $63.9 million.
Residential construction is driving development activity in Coquitlam — up 7.6% in 2015 over 2014 — while industrial and commercial construction activity decreased 16%, according to the staff report.
That compares with the Metro Vancouver average, which saw a 23% overall increase in building permits, with residential permit values up 35% and commercial and industrial permit values down 2%.
COQUITLAM DEVELOPMENT ACTIVITY
Area Plan Applications Values
Northwest 97 $2.3M
City Centre 345 $64.5M
Southwest 1,519 $235M
Northeast 664 $63.9M
No Area Plan 28 $756k
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