Despite a slow December, the City of Prince George issued a record $251.72 million worth of building permits in 2022.
The value of the 476 building permits issued by the city last year was up 5.76 per cent from 2021, when 460 permits worth a combined $237.22 million were issued by the city. In 2020, the city issued a total of 532 permits worth a combined $220.98 million.
Over the course of 2022, the city approved 22 permits for new multi-family developments worth a combined $73.8 million, 95 new single-family homes worth a combined $53.86 million, 17 new mobile homes worth a combined $3 million and 10 new duplexes worth a combined $5.95 million.
In other private-sector development, the city approved permits for 34 new industrial facilities worth a combined $36.8 million and 14 new commercial developments worth a combined $37.5 million. The city also issued permits for 44 commercial and industrial renovations, worth a combined $10.3 million.
Six new institutional buildings and numerous residential renovations and additions made up the remainder of the building permits issued last year.
December 2022 saw a significant slowdown in development permits issued, compared to the previous two years. Last month, the city only issued 23 permits worth a combined $2.44 million.
In December 2021 the city issued $35.87 million in permits and in December 2020 the city issued $8.55 million in permits.
