City reports record high building permit values in 2022
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PRINCE GEORGE — The value of building permits issued by the City of Prince George in 2022 has set a new record.
The record high was set at a little over a quarter of a billion dollars, breaking 2021’s then all time best by approximately 14 million, which is approximately a 5 percent increase. Total permit values increase due to a spike in new commercial and industrial project investment.
“It’s comforting to know commercial and industrial investors continue to have faith in Prince George…This $250 million milestone is an important one because it tells us they understand there’s long-term investment opportunity here. This recognition will help us develop a city and community worthy of being called BC’s northern capital.” – Mayor Simon Yu, City of Prince George
Eight commercial permits were issued in 2022 valued at approximately 37.5 million, a 182 percent increase from the year before, and 29 new industrial permits were issued this past year. Residential developments, both single and multi-family, continued to lead in the number of permits issued and permit values.
