A8 - The Terrace Standard, Wednesday, July 17, 1996 BUSINESS REVIEW Boom takes a pause THE BIG BOOM of 1996 has evaparated — albeit temporarily. Construction in June was much lower than a year ago, with the result that construction here is now no longer on a record pace. : Building permits worth $2,663,500 were issued in June — down from $5 million the same month ‘in '1995;" > ~ Overall construction was at $15.3 million to the end of June, compared to $15.8 million to the same point in 1995, But there’s a good explanation, says city building inspector Paul Gipps. June of 1995 saw the $4 million building permit for the Park Ave. Medical Dental Building issued, And, he says, there are still a lot of large projecis waiting to go ahead. Projects that had not-been accounted for by the cnd- of June include a new {federal fisheries building, Westfair’s proposed Real Canadian Warehouse Club, a sizable expausion to the Rain- bow Inn, a new six-plex and Tim Horton's new Keith Ave. drive- through. “The bigger projects that were sup- posed to be in are taking a little longer finalizing,” Gipps said. Housing starts MULTIFAMILY buildings continue to Icad the way in residential con- struction. So far there’s the 18-unit Skeena Kalum Housing project expansion, three six-plexes, a four-plex, four duplexes and two secondary suites. That's about six times as many mul- tifamily units as had been started at this point in 1995. Single-family house starts aren’t as strong as last year, with 38 permits issued to date. But there’s another 27 permits for units 100 80 60 40 20 FtStJohn Quesnel Housing starts fo June 30 Pr.Geo. ey Single family Multifamily SOURCE: CMHC Kitimat PrRupert Terrace residentia] additions and 10 pa- rage/carport construction projects. “The number of single families is down slightly but the number of mul- tis is way up,’’ Gipps said. “So we’re actually ahead, but it’s a different con- figuration.’* He noted there’s also eight more Single family house permits in his drawer waiting on subdivisions or other approvals, Regional stats released last week by the Canada Mortgage and Housing Corporation show Terrace is by far the strongest residential construction market west of Prince George. The CMHC stats show Terrace is ahead of Prince George in multifamily construction in 1996 and second only to Quesnel. Terrace is ahead of Williams Lake, Fort St. John, Dawson Creek, Kitimat and Prince Rupert in both -single- family and multifamily categories. And Gipps noted the cily and CMHC stats only include construction that is actuaily taking place within city boundarics, ‘This is just the City of Terrace —- not Thombill.” = .¥ Selected Items Only... Sale Rack Suniner Clothing ; Clearance Table Wedding Accessories Decorations, Jewellery, belts and more 50% - 80% Off i t Glass Slipper 4605 Lazelle Ave, Terrace, B.C. 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Owl FIGHT THE O U t & A bo ut / 20 Ton P&H Omega 4 wheel drive Truss rack to install up to ten trusses each Lift PPLE , ¢ Tree removal | CRIPPLERS Print Design New gift shop GLEN SAUNDERS is opening a second Kermodei Trad- Ing outlet in the Coast Inn of the West. He’s calling it the ‘town’? store — as opposed to the “country” store on Keith Ave, —~ and says the new shop should be open by this weekend, The new gilt shop will cater primarily to tourists, and won't stock kitchen or bedroom items. There's an entrance being opened up to the hotel that Saunders hopes will mean extra traffic from patrons. Buildings approved A NEW BUILDING to house fisheries officers was one of three development approved by the city. Emil Wirt] got the go ahead to build a 6,500 square foot officcAvarchouse building at 5235 Keith Ave. for Public Works Canada to house the Department of Fisheries and Oceans and Environment Canada. The city also approved development permits for a 2,000 square foot laundromat at Kalum and Loen Ave., and a 10- by-40 foot solarium addition at Mr. Mike’s Restaurant. Ketcham dies of cancer WEST FRASER TIMBER Co. chair Henry H. (Pete) Ketcham Jr. died of cancer at the age of 73 in Seattle. Ketcham, along with brothers Bill and Sam, founded Quesnel-based West Fraser in 1955 with $15,000 each that bought a small planer mill with 12 employees, 7 days per week/24 hours per day The company bas since grown to cmploy more than " oh. . Sets, Wee q- et. al aan A et ah i ee 5,000 employees in Western Canada, with sawinills, pulp it) Before travelling in tho province this summer call the Wildfire Information Hotline. %& and paper mills, ad over 30 retail building supply outlets, - . me abn woe ye a” i 2 with sales approaching $1.5 billion, ae ee * - ae “eM Te Ft, hs a is So, ASR SOMO ERNE MME High aE BN noel nan tut nae we