The Thompson Local News

Investment in property construction up slightly in 2020, according to City of Thompson

Property owners in Thompson invested in nearly eleven-point-five million dollars in construction last year.

 

This is up slightly from 2019, which saw an investment of just over eleven million dollars.

 

A statement from the city explains the value of residential alterations tripled to nearly 879 thousand dollars across 48 projects in 2020, compared to 272, 685 dollars the year prior.

 

Investment in commercial properties alterations was over seven million dollars for 21 projects, with one new commercial project seeing an investment of 864 thousand dollars.

 

Public institutions including schools saw one-point-six million dollars in investments.

 

Mayor Colleen Smook says the city is excited to see Thompsonites investing back into their community and lives, despite being stuck at home due to the pandemic.

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