Value of construction surpasses 2018 year-to-date figure

The value of construction in Prince George has charged ahead of last year's record-setting pace, according to the latest building permit report from city hall.

As of the end of September, 470 permits for $168.2 million worth of work have been issued, up significantly from $157.3 million over 379 permits by the same point last year.

article continues below

Whether 2019 will finish ahead of the $186.4 million reached by the end of 2018 remains to be seen but Mayor Lyn Hall said the total could rise by a further $5 million to $10 million before the year is out.

"It just stands in line with what we've been seeing over the last number of years," he said during Monday night's regular council meeting.

Notable for Hall was the amount of work in the residential categories and the amount of private-sector development in general.

The total for new single family homes stands at $60.7 million on 111 permits, with $7.5 million over 14 permits issued in September. That's about on par with the $62.5 million on 113 permits by the same point last year.

Multiple-family, meanwhile, is now up to $23.2 million over 45 permits, including four for $10 million issued in September. The total for that category stood at $18.7 million on 23 permits by the end of September 2018.

New commercial stands at $20.8 million on eight permits and commercial alteration is at $27 million on 46 permits, up from $11.8 million on 38 permits and $14.6 million on a dozen respectively.

"The private sector development really shows some secure faith in what we're doing in the city," Hall said.

The numbers also show there is still employment within the city, Hall added, and while the unemployment rate has fluctuated, "we're still well within what's happened nationally and provincially."

Numbers on two other fronts, presented in an update from city hall, are also upbeat.

Thirty-eight new business licenses were issued in September, five more than in the month before.

And 40,697 passengers passed through the Prince George Airport in September, up 2.34 per cent from same month last year.

However, at $374,410 in September, the average sale price for a single-family home was down 13 per cent from the month before.

Read Related Topics


NOTE: To post a comment you must have an account with at least one of the following services: Disqus, Facebook, Twitter, Google+ You may then login using your account credentials for that service. If you do not already have an account you may register a new profile with Disqus by first clicking the "Post as" button and then the link: "Don't have one? Register a new profile".

The Prince George Citizen welcomes your opinions and comments. We do not allow personal attacks, offensive language or unsubstantiated allegations. We reserve the right to edit comments for length, style, legality and taste and reproduce them in print, electronic or otherwise. Comments that contain external links will not be permitted. For further information, please contact the editor or publisher, or see our Terms and Conditions.

comments powered by Disqus

Anti-racism rallies POLL

Do you think it's appropriate to be holding anti-racism rallies against Dr. Bonnie Henry's recommendations?

or  view results

Sign Up For Our e-Newsletter!

Popular Citizen

Lowest Gas Prices in Prince George
Prince George Gas Prices provided by