The City of Prince George saw a 20 per cent drop in the value of building permits issued in March, compared to the previous two years, according to a report submitted to city council on Monday.
Last month the city issued building permits with a total estimated value of $8.8 million, down from $11.1 million in 2019 and $11.3 million in 2018. Although the value of permits was down, the number of individual permits issued was up.
The city issued 41 permits last month, compared to 37 in March 2019 and March 2018.
Despite the dip in March, the number of building permits issued in the first quarter of the year was in line with the past two years, and the total value of permits issued was higher than the first quarters of 2018 and 2019.
From January to the end of March, the city issued 97 permits worth an estimated $31.3 million. In the first quarter of 2019 the city issued 101 permits worth $27.2 million, and in 2018 the city issued 88 permits worth $24.9 million over the same period.
The biggest permit issued by the city in March was for construction of a new industrial building worth an estimated $930,000. In terms of residential construction, the city issued permits for one new triplex worth an estimated $627,000, nine new single-family homes worth a combined $4.4. million and four new mobile homes worth approximately $744,000.
