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In February 2018, Prince George's unemployment rate was 7.0%, a decrease of 0.9% when compared to the same month in 2017 when it was 7.9%. The unemployment rate of 7.0% for Prince George was higher than the provincial rate of 4.7% and the national rate of 5.8%.

Prince George's employment rate in February 2018 was 67.7%, an increase from the same month in February 2017 when it was 64.5%, a 3.2% positive change. The employment rate of 67.7% for Prince George was higher than Canada's national rate of 61.7% and British Columbia's rate of 62.0%.

Total employment in the Cariboo Economic Development region was 79,700 during February 2018. This represents an increase of 400 jobs when compared to the previous month. The Accommodation and Food Services category saw the highest increase, adding 700 jobs. Job numbers decreased in the Truck Transportation category by 300 jobs.

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City’s international students look to stay after graduation

Prince George is seeing a significant increase in international students who are choosing to remain in the city after graduation.

The number of students who have remained and are working in the city after graduation jumped more than 70 per cent in two years, rising from 75 in 2015 to 130 in 2017. Prince George also saw its numbers of new immigrants spike in 2017 to 355, up almost 40 per cent from 2016.

Full article couresty of Prince George Citizen: http://www.princegeorgecitizen.com/news/local-news/calling- . . .

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Ron Mundi is betting big on downtown Prince George, B.C., investing millions in a pair of hotels — one new, one refurbished — just a few blocks apart in the city's downtown core.

While Mundi said he thinks Prince George is a "great community," his decision is based on numbers rather than feelings. He says industry reports indicate the city needs many more places for overnight visitors to stay.

"Occupancy is really growing," he said. "Over the last few years we see a growing economy, so that's where our attention is."

Mundi isn't alone. Within a few months, another high-profile hotel will open in the downtown core, while two more are being built along highways leading in to the city.

All are hoping to tap into the city's growing conference sector.

Courtesy of CBC - Full article link: http://www.cbc.ca/news/canada/british-columbia/prince-george-hotels-1.4582915

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Federal and provincial commitments to funding installation of a fibre optic loop along Highway 97 from Prince George to Dawson Creek are being hailed as a major boost to attracting a data centre to this city.

Shaw Communications Inc. will received $7.1 million from the provincial government for the work, as well as $1.9 million for a similar project along Highway 99 to the south. The federal government committed $11.7 million to the two projects; how much of that total will go to the Highway 97 project was not immediately available.

Here is link to full articles:

Alaska Highway news: http://www.alaskahighwaynews.ca/regional-news/highway-97-fibre-optic-project-to-pave-way-for-data-centre-in-prince-george-1.23203918

PG Citizen: http://www.princegeorgecitizen.com/news/local-news/fibre-optic-project-to-pave-way-for-data-centre-in-city-officials-say-1.23203469

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Ottawa, ON, March 15, 2018 – Statistics released today by The Canadian Real Estate Association (CREA) show national home sales declined further in February 2018.

Highlights:

  • National home sales declined by 6.5% from January to February.
  • Actual (not seasonally adjusted) activity was down 16.9% year-over-year (y-o-y) in February.
  • The number of newly listed homes recovered by 8.1% from January to February.
  • The MLS® Home Price Index (HPI) in February was up 6.9% y-o-y.
  • The national average sale price declined by 5% y-o-y in February.

Home sales via Canadian MLS® Systems were down 6.5% in February. This marks the second consecutive monthly decline following the record set in December 2017 and the lowest reading in nearly five years.

February sales were down from the previous month in almost three-quarters of all local housing markets, with large monthly declines in and around Greater Vancouver (GVA) and Greater Toronto (GTA).

Actual (not seasonally adjusted) activity was down...

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The City of Prince George , in partnership with Global Affairs Canada, is pleased to host the European Union Export Business Forum featuring presentations on the Canada-European Union Comprehensive Economic and Trade Agreement (CETA) and market opportunities in the European Union.

Full info https://calendar.princegeorge.ca/default/Detail/2018-03-05-0830-Canada-European-Economic-and-Trade-Agreement-CETA-

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