Con­struc­tion ahead of last year

The Prince George Citizen - - Opinion - MARK NIELSEN Cit­i­zen staff

The value of con­struc­tion in Prince Ge­orge has charged ahead of last year’s record-set­ting pace, ac­cord­ing to the lat­est build­ing per­mit re­port from city hall.

As of the end of Septem­ber, 470 per­mits for $168.2 mil­lion worth of work have been is­sued, up sig­nif­i­cantly from $157.3 mil­lion over 379 per­mits by the same point last year.

Whether 2019 will fin­ish ahead of the $186.4 mil­lion reached by the end of 2018 re­mains to be seen but Mayor Lyn Hall said the to­tal could rise by a fur­ther $5 mil­lion to $10 mil­lion be­fore the year is out.

“It just stands in line with what we’ve been see­ing over the last num­ber of years,” he said dur­ing last Mon­day night’s reg­u­lar coun­cil meet­ing.

Notable for Hall was the amount of work in the res­i­den­tial cat­e­gories and the amount of pri­vate-sec­tor devel­op­ment in gen­eral.

The to­tal for new sin­gle fam­ily homes stands at $60.7 mil­lion on 111 per­mits, with $7.5 mil­lion over 14 per­mits is­sued in Septem­ber. That’s about on par with the $62.5 mil­lion on 113 per­mits by the same point last year.

Mul­ti­ple-fam­ily, mean­while, is now up to $23.2 mil­lion over 45 per­mits, in­clud­ing four for $10 mil­lion is­sued in Septem­ber. The to­tal for that cat­e­gory stood at $18.7 mil­lion on 23 per­mits by the end of Septem­ber 2018.

New com­mer­cial stands at $20.8 mil­lion on eight per­mits and com­mer­cial al­ter­ation is at $27 mil­lion on 46 per­mits, up from $11.8 mil­lion on 38 per­mits and $14.6 mil­lion on a dozen re­spec­tively.

“The pri­vate sec­tor devel­op­ment re­ally shows some se­cure faith in what we’re do­ing in the city,” Hall said.

The num­bers also show there is still em­ploy­ment within the city, Hall added, and while the un­em­ploy­ment rate has fluc­tu­ated, “we’re still well within what’s hap­pened na­tion­ally and provin­cially.”

Num­bers on two other fronts, pre­sented in an up­date from city hall, are also up­beat.

Thirty-eight new busi­ness li­censes were is­sued in Septem­ber, five more than in the month be­fore.

And 40,697 pas­sen­gers passed through the Prince Ge­orge Air­port in Septem­ber, up 2.34 per cent from the same month last year.

How­ever, at $374,410 in Septem­ber, the av­er­age sale price for a sin­gle-fam­ily home was down 13 per cent from the month be­fore.

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