News

Council receives fourth quarter economic indicators report

The City of Williams Lake’s Fourth Quarter Economic Indicators report shows building permit values of $15.4 million during the year, the highest since 2009, the city noted in a press release Tuesday.

The new West Fraser planer mill and Andre’s Electronics were the biggest contributors to the building permit numbers. Building permit values were $8.4 million in 2012 and $13.1 million in 2011.

There were 19 new single family homes constructed in the city during 2013, valued at $4.3 million, consistent with previous years. New business licences issued were also comparable to previous years, with 75 issued and a city total of 975 licences in 2013.

Unemployment has dropped since the third quarter, from 6.5 per cent  to 4.5 per cent in December. Passengers through the Williams Lake Regional Airport remained consistent with previous years, with 33,790 passengers travelling in 2013.

Both Tolko and West Fraser made capital investments in their lumber facilities in Williams Lake during the year as the industry continues to recover from the downturns of the last several years and adapt to timber supply challenges and new market opportunities.

The mining sector continued to be a strong contributor to the local economy with the completion of the expansion of the Gibraltar Mine and continued operation of the Mt. Polley copper / gold mine.  Both Taseko Mines and Imperial Metals continue active drilling programs at each mine site to expand mine life and economic values of the operations.

Retail business development continued to be pursued by Platform Properties on the Prosperity Ridge site next to Walmart, and by the Janda Group with efforts to ink a deal to secure an anchor store in their Boitanio Mall site.

The city’s cooperative marketing efforts with the Cariboo Mountain Bike Consortium continued to realize benefits of attracting more bike tourists, local expenditures and increasing market awareness of Williams Lake as a preferred mountain bike destination in Western Canada.

The Williams Lake campus of Thompson Rivers University has developed programs with input from business and industry to provide training that will assist in meeting ongoing labour force requirements.

The city will continue in 2014 to develop and action projects that promote and assist business enterprise towards a sustainable economic future.

The Fourth Quarter Economic Indicators report contains economic statistics from the City of Williams Lake, the provincial and federal governments (unemployment rate) and the Northern BC Real Estate Board. It provides a snapshot of the year 2013, compared to previous years. The report is available on the City’s website at www.williamslake.ca, under the Business tab.

 

We encourage an open exchange of ideas on this story's topic, but we ask you to follow our guidelines for respecting community standards. Personal attacks, inappropriate language, and off-topic comments may be removed, and comment privileges revoked, per our Terms of Use. Please see our FAQ if you have questions or concerns about using Facebook to comment.
B.C. teachers ponder tentative deal ahead of vote
 
Black bear in Boitanio Park put down
 
Rescued grizzly bear at zoo since 1999
Province looks at moving Balfour ferry terminal
 
BCTF executive recommends six-year teacher deal (VIDEO)
 
Bloom duty for councillor
Questions remain about future of Skaha Lake Marina
 
Rod and Gun Club awards for Fernie folks
 
School District budget breezes through in Blueberry

Community Events, September 2014

Add an Event

Read the latest eEdition

Browse the print edition page by page, including stories and ads.

Sep 17 edition online now. Browse the archives.