Despite the uncertainty and restrictions around COVID-19, construction investments remained steady in Thompson for 2020. Property owners invested $11, 486, 226 in construction in 2020, slightly up from $11, 019, 004 in 2019.
The value of residential alterations jumped to $878, 901 across 48 projects in 2020, more than threefold from $272, 685 across 34 projects in 2019. Residents also built 16 garages last year at a total value of $253, 685, up from one garage worth $35, 000 in 2019.
Commercial properties saw $7, 071, 511 in alterations across 21 projects this year, up from $3, 006, 772 across 24 projects in 2019. One new commercial project saw an investment of $864, 000.
Public institutions, including schools, saw $1, 692, 430 in alterations.
“With people stuck at home due to the pandemic, many have chosen to improve their homes and their businesses,” said Mayor Colleen Smook. “We’re excited to see those Thompsonites investing back into their community and their life in the north.”
The Northerner 