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Written by Citizen staff
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Wednesday, 04 November 2009 |
The value of construction in Prince George stood at $55.4 million by the third quarter of this year according to an update from city hall.
That's down from $66.8 million by the same point last year and it's the lowest third-quarter total in five years - permits for $51.6 million worth of construction were issued by the end of September 2004.
A slowdown in new-home construction continued to be the biggest difference. By this point in 2008, permits had been issued for 82 single-family homes worth $19.7 million and five multiple-family projects worth $6.1 million, up from 52 single-family homes worth $12.9 million and three multiple-family projects worth $3.2 million.
As well, alterations to institutional buildings stood at $11.5 million compared to $2.5 million so far this year although new institutional construction is now at $3.5 million, compared to just $656,200 last year.
At $14.5 million, alternations to commercial buildings is up from $11.6 million by the same point last year although at $2.9 million, new commercial is down from $5.5 million last year.
Looking solely at September, 103 permits for $15.3 million worth of construction were issued last month, up from 77 permits for $7.9 million by the same point last year.
The difference lies largely in $7 million worth of work at UNBC divided between a $4-million bio-energy building and a $3-million "infrastructure loop."
Other permits of note include a new $3-million building at Interior Warehousing to replace the structure damaged in the July 2008 fire that destroyed Canfor's North Central Plywood mill, a dozen permits for $2.6 million worth of single-family homes, $339,981 worth of renovations to the trades and technology centre at College of New Caledonia and $250,000 of improvements to the Tim Hortons opposite Pine Centre Mall.
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Last Updated ( Wednesday, 04 November 2009 )
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