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Prince George's September numbers show a lot of economic gains

The Cariboo Economic Development Region dropped
(via City of Prince George)

It's mostly good news according to the September 2019 Economic Update from the City of Prince George. 

The bad news, however, comes from the Cariboo economic development region where Prince George, Williams Lake, Quesnel and 100 Mile House are included. 

There were 82,000 employed in the region, but there was also a loss of 900 jobs. 

  • Forestry, Oil, and Gas declined by 1,000 jobs 
  • Transportation and warehousing increased by 500 jobs
  • Manufacturing increased by 200 jobs
  • Construction decreased by 100 jobs

The unemployment rate last month for Prince George was 5.7 per cent compared to 4.9 per cent in September 2018. 

The city also saw gains in building permits from January to September this year with a total value of $168.1 million, which the city says is a 6.4 per cent increase from the same time period during 2018 where there was only $157.2 million. 

Residential building permits also saw a large increase in September 2019 valued at $22,247,350 compared to last year where the total value came in at just $8,624,961, a 61 per cent increase. 

But, non-residential building permits took a major hit, dropping 364 per cent this September ($31,000) compared to September 2018 where the total value was $1,453,909. 

The City says there were a total of 38 new business licenses issued this past September, which is five more than were issued in August. 

YXS (Prince George Airport) also saw more visitors through the terminal with 40,697 landing in the northern capital this September compared to 39,767 last year. 

When it comes to housing, the average house sale in Prince George was down 2.6 per cent last month compared to 2018. 

There were 18 houses sold in September with an average sale price of $331,944 while 2018 had 12 houses sold with an average sale price of $340,850.