The construction sector is an important contributor to Nanaimo’s economy. It is the third largest employment sector, providing 4,245 jobs for 8.6% of Nanaimo’s labour force (2022 Esri). The largest number of business licenses
in the City are held by construction related firms.
The construction industry benefits from continued population growth in the Nanaimo area. In 2022 the construction value of building permits was $410.3 million. Residential building permits accounted for 73.3% of the total building permit values.
Total building permit values increased by 51% in 2022 compared to 2021.
Development activity in Nanaimo is guided by the City's Official Community Plan (OCP) adopted in July 2022.
The construction sector accounts for 18% of licensed businesses operating in the City of Nanaimo. There were 1,145 licenses issued to construction firms as of July 2023. The majority of licensed construction businesses are relatively small,
having fewer than 20 employees. In addition to these businesses, there are 23 licensed real estate and related businesses in Nanaimo.