City sees boom in building permit values

A building permit issued for a new apartment building, worth an estimated $6.5 million, headlined a banner month for building permits issued by the City of Prince George.

In March, the city issued a total of 35 permits worth a combined $14.59 million, according to a report going before city council on Monday. In addition to the permit for the apartment building, the city issued permits for 10 new single-family homes with a combined value of nearly $5.6 million, and $2 million in permits for eight renovation projects for commercial and multi-family buildings.

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The $14.59 million in permits issued in March this year was higher than the $8.81 million issued in March 2020, and just over $11 million issued in March 2018 and March 2019.

For the first quarter of 2020, the city has issued a total of 93 building permits worth a combined $32.47 million.

By comparison, over the first quarter of 2020, the city issued a total of 97 permits with a combined value of $18.35 million, and 101 permits worth a combined $27.21 million in the first quarter of 2019.

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