Dip In Building Permits No Cause for Alarm
Prince George, B.C. – As of the end of February, the value of building permits for the first two months of this year, was well below the same period in the previous 2 years.
The latest stats indicate that as of the end of February, there were 37 permits valued at $5,394,592. That is well short of the first two months of 2015, when there had been 61 permits valued at $13,029,076, and in 2014, there were 49 permits valued at $20,120,624.
Not to worry, says Development Services Manager Ian Wells, “We anticipate a big increase. There are two projects we’re working on that should be approved in the next few weeks that will be in the $35 million dollar range (total)”
One of those projects is the Riverbend Seniors Housing project at Victoria and 20th, the other is the Inland-Kenworth facility planned for Boundary Road. Wells says it doesn’t end there “There are a couple of other major projects we’re working on as well”. Wells says he expects to see an increase in commercial and light industrial permits this year.