Could be Banner Year for Building Permit Values in P.G.
Prince George, B.C. – The building permit values for October continue to show positive activity in Prince George and it is likely 2016 will wrap up at, or above, the $120 million dollar mark.
The latest stats show that from January to the end of October, there have been 407 permits issued with a total value of just under $119.9 million dollars. That is more than twice the year to date values for 2015 which were at $77.7 million for the same time period, and ahead of the first 10 months of 2014 when values totaled $112.3 million.
Comparing last month to October of 2015 and 2014 show the numbers are down . Last month there were 34 permits issued with a value of nearly $5.1 million compared to 45 permits valued at $7.7 million in October of last year, and and 49 permits worth just under $8.5 million in 2014.
The contributing factors to this year’s ten month performance are; new housing construction, the Riverbend Seniors complex and new commercial construction.
There have been 133 new single family dwellings started so far this year, compared to 103 in same period a year ago, and 99 in 2014.
The new construction of the Riverbend complex added $20 million to the year to date total while a dozen new commercial projects account for nearly $26.9 million .