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After peaking in 2020, value of permits issued in Sidney dropped by $41 million in 2021

Permits attached to projects creating 83 units issued last year, following boom year in 2020
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The demolition of three older single-family homes on Lochside Drive last month made way for a planned four-storey, 36-unit multi-family condo building with underground parking. The Rise on Fifth is another notable projects that received a development permit later in 2021. (Black Press Media file photo)

Figures show a drop in the dollar value and number of new units approved for construction last year in Sidney.

The final building permit report for 2021 shows the total value of permits issued was $33.5 million, down from $74.53 million in 2020. Overall, Sidney issued various permits for a total of 83 units in 2021.

In 2020, Sidney issued an almost identical number of permits (193) for a total of 222 units.

RELATED: New construction in Sidney starts to bottom out after peaking in 2020

That year marked a historic peak for new construction in the town, with the value of nearly $75 million nearly three times the 20-year annual average of just under $27.2 million.

Among the notable developments that received approval in the final months of 2021 was a planned four-storey, 36-unit multi-family condo building with underground parking in the 9500-block of Lochside Drive, opposite Tulista Park.


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wolfgang.depner@peninsulanewsreview.com



Wolf Depner

About the Author: Wolf Depner

I joined the national team with Black Press Media in 2023 from the Peninsula News Review, where I had reported on Vancouver Island's Saanich Peninsula since 2019.
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