By the end of October, the City of Prince George had issued 413 building permits for an estimated $230.5 million in construction, according to a report going before city council on Monday.
The value of permits issued to date this year is roughly 22.5 per cent higher than those issued over the same 10-month period in 2021 - a year which saw a record value of building permits issued by the city.
From Jan. 1 to Oct. 31, 2021, the city issued a total of 411 permits for developments worth a combined $188.1 million. Over the same period in 2020, the city had issued 461 worth a combined $181.3 million.
As of Oct. 31 this year, the city had issued a total of 85 permits for new houses (worth a combined $48 million), 15 new mobile homes (worth a combined $2.7 million), six duplexes (worth a combined $3.5 million) and 20 new multi-family developments (worth a combined $73.8 million, including a permit for a single new project issued in October worth an estimated $17.4 million).
The city has also seen strong business-sector investment in the city this year. As of Oct. 31, the city had issued permits for 22 new industrial buildings (worth a combined $35.3 million) and 13 new commercial structures (worth a combined $37.5 million). In addition, the city had issued permits for 40 commercial and industrial renovations, worth an estimated $9.7 million.
