The City of Prince George announced the total value of permits for 2018 had surpassed the all-time high in the fall. Continuing the rest of the year, that total rose to greater heights.
In 2018, the total value of building permits issued in the city totalled $186.38 million. This exceeded the previous record of $147.88 million, set in 2007, by nearly $40 million.
Other records set include private sector investment ($156.53 million) and residential building permit values ($114.37 million).
The City issued 438 residential building permits in 2018, with 33 for new multi-family permits.
A higher number of permits and total value indicates an increase in construction activity, related employment, and other economic benefits, making it an important measure of economic progress.
The top ten projects for 2018 in terms of value are:
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- New construction of Kelly Road Secondary School: $28,322,950
- Parkade next to City Hall: $12,927,973
- Apartment building in College Heights (Building B): $6,700,000
- Apartment building in College Heights (Building A): $5,855,000
- Renovation at UHNBC: $5,200,000
- Federated Co-Operatives Ltd. New Bulk Plant (BCR Industrial Park): $3,500,000
- Addition to Show Lounge at Treasure Cove Casino: $3,000,000
- New multi-family development (3rd Ave): $2,600,000
- New multi-family development (Vanier Drive): $1,600,000
- New single-family dwelling (West): $1,571,596
