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CoquITlAm RookIE phENom BARZAl ComES homE
MARIO BARTEL/THE TRI-CITY NEWS
Coquitlam’s Mathew Barzal (right) of the New York Islanders tries to wheel around Vancouver Canucks forward Brandon Sutter in a National Hockey League game Monday at Rogers Arena. The game was Barzal’s first in Vancouver as an NHLer. The rookie phenom had two assists and was named third star in a 4-3 overtime loss to the Canucks. For more on Barzal, see Sports, page 25.
ECoNomIC ACTIVITY
Big building numbers in Coquitlam in 2017 Gary MCKenna The Tri-CiTy News
Coquitlam saw another bigbucks year of development in 2017. Building permit values rose 38% from those in 2016, a jump from $345 million to $475 mil-
another busy year. We don’t see any signs of things slowing down at this point.” Coquitlam’s increase in building permits far outpaces the Metro Vancouver average of 14%, according to the report. The document noted that residential permit values saw a par-
lion, according to the city’s most recent economic development activity report. The total comes close to breaking the city’s record of $482 million, set in 2013. “We have seen very, very strong growth,” said deputy city manager John DuMont, adding, “We anticipate 2018 to be
ticularly sharp increase of 64%, with the majority of the growth along the Evergreen Extension and on Burke Mountain. Building permit figures are not the only indicators that the economy in Coquitlam is healthy. David Munro, the city’s man-
ager of economic development, estimates the vacancy rate for commercial office space is between 6% and 7%, a decrease from the 12% average seen three years ago. Coquitlam’s 675,800 sq. m of industrial space is also in demand, with an estimated
vacancy rate in the 2% range, he added. “It is a very competitive market,” Munro said. “There is not a whole lot of inventory for industrial space west of the Port Mann Bridge.” gmckenna@tricitynews.com @gmckennaTC
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