“It looks like a bounce back report” Council receives May building permit values report – My Prince George Now

Is the building permit slump in Prince George over?

At last night’s meeting, Prince George City Council received a report on last month’s building permit numbers.

“It looks like a bounce back report, that we’re back on track where we were two years ago, back when we were going through the boom years,” said Councillor Garth Frizzell.

2022 was a record year for building permits in Prince George, followed by a lengthy lull in 2023.

Through the first five months of 2024, building permit values have greatly outpaced 2022’s numbers, thanks to a few key projects.

May 2024 Building Permits Year to Date (Courtesy: City of Prince George)

In April, the new UHNBC parkade’s permit contributed nearly $50 million to this year’s total, while three new multi-family swelling buildings contributed nearly $35 million.

“Even if we take away that $50 million parkade, we’re still on the uptick on building permits, not only in the month of May but also on the year,” Director of Planning and Development Deanna Waznik.

“It’s important to note too for our annual combination and totals of building permits that it’s really all categories or themes of building permit types that are contributing to this uptick in the construction value.”

“I don’t think we can just attribute it to the interest rate slowdown and such,” added Councillor Garth Frizzell.

“I think there’s pent up demand, and a lot of change in the air, so this is really reassuring.”

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