Economic report shows growth

Williams Lake city councillor Sue Zacharias is glad to see airport passenger and new home construction are on the rise.

Williams Lake city councillor Sue Zacharias is glad to see airport passenger and new home construction are on the rise.

According to the city’s latest economic indicator report,  in the first half of 2012, 17,054 passengers came through the airport.

“2008 was our biggest year with 17,611 passengers and we’re climbing back up there. I think travel is always an indicator, “ Zacharias said.

In new home construction there were 12 homes constructed for a value of $2.6 million.

“It’s exciting to see new home construction and that the value of homes is up, too.”

Home construction continues to fluctuate as the report showed in 2008 there were 15 homes constructed, only six in 2009, 14 in 2010, and 10 in 2011.

Voicing concerns about the vacancy rate being high at 10.7 per cent, up from 7.9 per cent in 2011, Zacharias asked staff why the rates are higher than the 3.4 per cent average in other cities of similar size.

City social development co-ordinator Anne Burrill explained the high vacancy rate reflects the number of three-plus bedroom units available in Williams Lake.

“That vacancy rate is around 24 per cent so it pushes our vacancy rate higher,” Burrill said, adding there are very few one-bedroom units available.

Other statistics in the report include building permits — 69 with permitted value of $3,9 million, down from 76 in 2011 at a value of $5.2 million.

There is only one major building project listed for 2012 being Platform Properties second development, with a permit value of $908,654.

Business licenses are at the highest level since 2007  with 76 in 2012, compared to 48 in 2011.

Unemployment rates, however, remain higher than the provincial rate, with the Cariboo being at 7.8 per cent compared to 6.7 per cent. However, that is not broken down to reflect the rate in Williams Lake specifically.

House sales are down from 2010 and 2011, while the average selling price is increasing.

In 2012 the average selling price for a residential home is $244,903, a total of 156 property and home sales occurred for a value of $32.9 million.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

A woman wears a face mask and shield to curb the spread of COVID-19 while walking in North Vancouver, B.C., on Wednesday, January 6, 2021. THE CANADIAN PRESS/Darryl Dyck
57 new cases of COVID-19 in Interior Health region

Thirty people in the region are in hospital, 16 of whom are in intensive care

Kari, a 12-year-old Belted Galloway, produced triplets Wednesday, April 27. Mother and babies are doing fine. (Kelly Sinoski photo -100 Mile Free Press).
Holy cow: triplets born in 100 Mile House

Linda and Don Savjord witnessed a rare experience last week at Bridge Creek Ranch.

Fireman’s Fairways between Chimney and Felker lakes is slated to open soon, following a clean up work bee this Sunday, May 9 starting at 10 a.m. (Photo submitted)
Cleanup slated for Sunday, May 9 at Fireman’s Fairways Golf Course

Fireman’s Fairway is an 11-hole, par 3 course, opened in 1994

A vial of the AstraZeneca COVID-19 vaccine is shown at a facility in Milton, Ont., on Wednesday, March 3, 2021. The White House says it is making plans to share up to 60 million doses of the Oxford-AstraZeneca COVID-19 vaccine. THE CANADIAN PRESS/Carlos Osorio - POOL
65 new cases of COVID-19 in Interior Health

The total number of cases in the region is now at 11,075 since the pandemic began

Williams Lake City Hall. (City of Williams Lake photo)
Williams Lake long-term debt decreasing

The city of Williams Lake’s long-term debt sits at $8,324,241, down from… Continue reading

Jose Marchand prepares Pfizer COVID-19 vaccination doses at a mobile clinic for members of First Nations and their partners, in Montreal, Friday, April 30, 2021. The National Advisory Committee on Immunization is coming under fire after contradicting the advice Canadians have been receiving for weeks to take the first vaccine against COVID-19 that they’re offered. THE CANADIAN PRESS/Ryan Remiorz
Trudeau says he is glad he got AstraZeneca, vaccines are only way out of pandemic

‘The most important thing is to get vaccinated with the first vaccine offered to you’

Cannabis bought in British Columbia (Ashley Wadhwani/Black Press Media)
Is it time to start thinking about greener ways to package cannabis?

Packaging suppliers are still figuring eco-friendly and affordable packaging options that fit the mandates of Cannabis Regulations

Solar panels on a parking garage at the University of B.C. will be used to separate water into oxygen and hydrogen, the latter captured to supply a vehicle filling station. (UBC video)
UBC parkade project to use solar energy for hydrogen vehicles

Demonstration project gets $5.6M in low-carbon fuel credits

FILE – A student arrives at school as teachers dressed in red participate in a solidarity march to raise awareness about cases of COVID-19 at Ecole Woodward Hill Elementary School, in Surrey, B.C., on Tuesday, February 23, 2021. THE CANADIAN PRESS/Darryl Dyck
B.C. ‘should be able to’ offer 1st dose of COVID vaccine to kids 12+ by end of June: Henry

Health Canada authorized the vaccine for younger teens this morning

A woman in the Harrison Mills area was attacked by a cougar on Tuesday, May 4. B.C. Conservation Officers killed two male cougars in the area; the attack was determined to be predatory in nature. (File photo)
2 cougars killed following attack on woman in Agassiz area

Attack victim remains in hospital in stable condition

A woman wears a face mask and shield to curb the spread of COVID-19 while walking in North Vancouver, B.C., on Wednesday, January 6, 2021. THE CANADIAN PRESS/Darryl Dyck
B.C. CDC updates info, acknowledging small respiratory droplets can spread COVID-19

Large droplets, not aerosols had been fixture of public health messaging for many months

A picture of Shirley Ann Soosay was rendered from a postmortem photographer and circulated on social media. (DDP graphic)
B.C. genealogist key to naming murder victim in decades-old California cold case

In July 1980, Shirley Ann Soosay was raped and stabbed to death

Mary Kitagawa was born on Salt Spring Island and was seven years old when she was interned along with 22,000 B.C. residents in 1942. (B.C. government video)
B.C. funds health services for survivors of Japanese internment

Seniors describe legacy of World War II displacement

Most Read