The City of Prince George has seen the value of projects being built in the area rise dramatically over the past three years in a report to City Council last night (Monday).
In 2020 between January and April, the number of building and development permits handed out was 118, with a total value of $21,096,944.64.
That jumped to 150 permits with a total value of $51,641,288.01 in 2021.
The number of permits handed out this year for that time period dropped to 135, but the total value skyrocketed to $73,039,530.06.
That increase is mostly seen in new commercial and new industrial developments, with seven new commercial permits handed out worth over $28 million in total, and four new industrial permits handed out with a total value over $10 million.
In terms of new homes being built, the City broke down the number of residential building permits between March and April:
- 15 new single family dwellings in March valued at $7,921,672 in total.
- 5 multi family alterations in March valued at $281,852 in total.
- 6 new multi family dwellings in March valued at $2 million in total.
- 14 new single family dwellings in April valued at $7,557,194 in total.
- 4 single family alterations in April valued at $151,384 in total.
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