City enjoys banner year for construction

Construction in the city reached finished well ahead of the previous year's record-setting pace, year-end building permit numbers show.

Over the course of 2019, 611 permits for $223.1 million worth of work were issued, shattering the records set in 2018 when 515 permits for $186.6 million were issued.

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By the end of October, the 2018 total had been eclipsed and another $29.3 million over 70 permits was added over November and December.

The total value includes another record-breaking number: $206.4 million of private sector investment, which is about 93 percent of the total permit values for the year.

Strikingly, the number of new multi-family permits more than doubled from 33 in 2018 to 72 in 2019 and added up to $52.4 million worth of work, well up from $21.7 million the year previous.

Single-family homes accounted for $72.4 million on 138 permits, down somewhat from $77.8 million on 139 permits during 2018.

"Council is extremely pleased to see these important economic indicators for Prince George are continuing to trend upward," said Mayor Lyn Hall. "We are also very pleased that investors, businesses, and developers are recognizing the outstanding potential of our city."

A few of the year's most-valuable permits include:

- The student housing development at 1404 Patricia Blvd. (Faction Projects Inc.) $13 million;

- The new Fire Hall No. 1 at 2012 Massey Dr. (City of Prince George) $11.84 million;

- The Horizon North hotel at 585 Dominion St. (Mundi SDR Development Inc.) $11.34 million.

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