Posted on
November 15, 2018
by
Dean Birks

Downtown vacancy rates continue downward trend
The total value of building permits issued in Prince George in 2018 has already reached an all-time high of $169.26 Million, easily surpassing the previous high mark of $147.88 Million set in 2007. The value includes a record amount of private sector investment, which at $135.17 Million, represents nearly 80 percent of the total and passes the previous record of $121.6 Million set in 2016. Residential building permit values have also set a new record at $100.31 Million.
“The value of building permits is a key measure of economic progress,” says Lyn Hall, Mayor of Prince George. “This number suggests a great increase in construction activity and related employment, as well as other direct and indirect economic benefits.”
The top 10 projects for 2018 are as follows:
- 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...