The building permit numbers raise questions about housing affordability, Coun. Garth Frizzell says.
The City of Prince George is on pace to issue a record value of building permits in 2022, according to a report presented to city council on Monday.
“In January of this year we heard that housing prices have gone up significantly in Prince George,” Coun. Garth Frizzell said. “The UNBC report came out and identified that outside the Lower Mainland, in particular, housing constraints are a huge constraint on community and economic development.” “So costs are going up, because population is going up and the number of houses aren’t going up,” Frizzell said. “When I look at this report, it looks like the last two months, May and June, have been pretty status quo.”
“At this time… it would be hard for me to forecast what will happen in the next couple months,” city director of planning and development Deanna Wasnik said. “But based on these stats, things are holding the line. We are getting a mix of housing types, both multi-family, manufactured housing, single-family dwelling, duplexes… so the next set of data may be able to tell us more of the story.”
“The construction values reflect the construction of the building/structure, and do not include the cost of any mechanical equipment,” Wasnik wrote in her report to council.
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