Canada Mortgage and Housing reports multi family construction is skyrocketing in Kamloops.
The agency reporting, 1209 units are under construction right now in the river city, with 824 apartments.
Analyst Taylor Pardy says there is demand for places to rent in Kamloops.
“Over the past two years, yeah we have seen some very strong conditions in the Kamloops area. And over the forecast horizon, 2018-2019, we are anticipating activity to be fairly steady as well. However, we have seen a bit stronger starts this year, its actually been a bit stronger than was previously anticipated.”
220 single family homes are under construction in the city.