PRINCE GEORGE, B.C. — Building permit values in Prince George during 2020 nearly beat the city’s all-time record.
The city reported that despite the year’s pandemic-related challenges values reached a total of about $219 million, which is less than two per cent lower than the all-time high annual total of $223 million set in 2019.
Broken down into sector, the value of new commercial building permits was just under $50 million last year, twice the value set in 2019, and three times the value of the same permits in 2018. City officials also noted the value of new multi-family building permits, at $68 Million, is up about 30 per cent over the total set in 2019 ($52,366,650).
“Council is extremely pleased and impressed to see these important economic indicators for Prince George are continuing at near record levels even through the pandemic, which has had such a negative impact for the economy,” says Lyn Hall, mayor of Prince George, in a press release. “We are very pleased and thankful that investors, businesses, and developers are continuing to recognize the potential of our city. Certainly, the city is always more than willing and eager to work with investors and developers.”
The city’s largest permits of the year were:
- $35 million – downtown pool at 7thAvenue and Dominion Street
- $14 million – four-storey multi-family residential building with parkade at 4413 Glen Shee Rd.
- $9 million – new commercial building for Primex Properties, 547 George St.
- $5.9 million – four-storey, 75 multi-family unit residential apartment building, 2658 Replace Dr.
- $5.6 million – three-storey multi-family transition house, E-Fry Society, 14th Avenue