The success of Vancouver Island’s construction industry might also be its post-pandemic downfall.

“I think we have what could be considered a perfect storm,” said CEO of the Vancouver Island Construction Association, Rory Kulmala.

As the demand for large-scale developments boom, especially on southern Vancouver Island, the industry says major supply concerns and labour shortages will have an impact.

“That is going to reflect in itself much longer schedules and higher costs,” Kulmala told CTV Vancouver Island on Tuesday.

The construction association says building permits for commercial, multi-residential and single-family homes have climbed year-over-year for the past half decade.

This year the association expects a 30 per cent increase in permits from 2020, which would represent a record year.

Multi-residential, or condo and apartment building permits, are the hottest sector.

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