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Business  

Prince George building activity nears all-time record despite pandemic

Construction at rapid pace

Despite the economic uncertainty brought about by COVID-19, the value of building permits issued in Prince George last year came within striking distance of the all-time annual record.

According to a city staff report, 2020 building permit values reached a total of roughly $219 million, less than two per cent lower than the all-time high of $223 million set in 2019.

Notably, the value of new commercial building permits was just under $50 million this past year, twice the value set in 2019, and three times the value of the same permits in 2018.

Additionally, the city says the value of new multi-family building permits, which at $68 million, is up about 30 per cent more than 2019's total of $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,” said Mayor Lyn Hall in a news release this morning (Jan. 7).

“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.”



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