Prince George’s construction boom when it comes to multi-family homes continued in 2021.
According to the city, the value of multi-family building permits reached an all-time high of 115-million dollars, a nearly 63% jump over the previous record of 70-million set in 2020.
In addition, nearly half of the permits purchased last year were for multi-family units such as apartments and condo complexes.
The number of housing units that began construction in PG in 2021 was up significantly from 2020 at 484 units.
“Council is thrilled that the building boom in Prince George has not only continued but in many respects accelerated in spite of all the challenges we have faced through the Covid-19 pandemic,” said Lyn Hall, Mayor of Prince George.
“Council is also extremely pleased that investors, businesses, and developers are continuing to recognize the amazing potential of our city. Private sector investment shows confidence in our economy and that continues to drive development in our community.”
According to the city, building permit values for 2021 reached nearly 238-million, a 6.3 increase over the values of 2019.
Nearly half of the total building permit values and six of the top 10 highest value permits in 2021 were for multi-family construction and all were from the private sector:
1) 4 storey, 67 unit apartment building, 1755 Foothills Boulevard – $20,642,728.00
2) 4 storey, 90 unit apartment building, 2604 Recplace Drive – $18,009,414.00
3) 70,363 square foot warehouse, 7180 Boundary Court – $12,170,689.00
4) 4 storey, BC Housing project development, 855 1st Avenue – $12,000,000.00
5) Save-on Foods construction at Pine Centre Mall – $10,500,000.00
6) 55 unit, multi-family building, 2918 Hopkins Road – $9,785,406.00
7) 4 storey, 47 unit multi-family apartment building, 2604 Recplace Drive – $9,650,918.00
8) New building for Great West Equipment, 7411 Riggs Crescent – $9,000,000.00
9) 3 storey, 35 unit wood frame row houses, 1965 17th Avenue – $8,079,054.00
10) 9092 square foot multi-family building, 605 Quebec Street – $6,500,000.00
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