February in Review 
In February 2018, Prince George's unemployment rate was 7.0%, a decrease of 0.9% when compared to the same month in 2017 when it was 7.9%. The unemployment rate of 7.0% for Prince George was higher than the provincial rate of 4.7% and the national rate of 5.8%.
Prince George's employment rate in February 2018 was 67.7%, an increase from the same month in February 2017 when it was 64.5%, a 3.2% positive change. The employment rate of 67.7% for Prince George was higher than Canada's national rate of 61.7% and British Columbia's rate of 62.0%. 
Total employment in the Cariboo Economic Development region was 79,700 during February 2018. This represents an increase of 400 jobs when compared to the previous month. The Accommodation and Food Services category saw the highest increase, adding 700 jobs. Job numbers decreased in the Truck Transportation category by 300 jobs .
Real Estate
The Canadian Mortgage and Housing Corporation (CMHC) reported the average absorbed single-detached unit price for new housing construction for February 2018 was $413,512 with 26 new units sold in Prince George. This is a 10.8 % decrease in unit price for new housing construction when compared to February 2017 when the average absorbed single detached unit price for new housing construction was $468,361 and 7 new houses were sold.The number of new houses sold in Prince George increased 271% when comparing February 2018 to the same month in 2017. 
The BC Northern Real Estate Board reported home sales in Northern BC totaled  227 units in February 2018, an increase of 10.6% from February 2017. The average price of homes sold in Northern BC was $287,115 in February 2018, an increase of 6.8% from  February 2017. The dollar value of home sales for February 2018 totaled $65.2 million, down 4.6% from the same month in 2017. Active residential listings on the Board MLS System numbered 1,695 units at the end of February, a decline of 14.5% from the end of February 2017. This was the lowest level of active listings on record for the month of February.  
Housing Construction
There were 5 (1 SFD, 4 multiples) total housing starts in Prince George during February 2018 compared to 3 (0 SFD, 3 multiples) in February 2017. There were 143 (20 SFDs, 123 multiples) completions in February 2018 while February 2017 had 1 (1 SFD, 0 multiple) completion. 

Across BC, housing starts increased by 9.3% from 2,172 (670 SFDs, 1,502 multiples) in February 2017 to 2,373 (600 SFDs, 1,773 multiples) in February 2018. The total number of completions in BC increased by 81.1% from 1945 ( 737 SFDs, 1,208 multiples) in February 2017 to 3,523 (978 SFDs, 2,545 multiples) in February 2018. 
Building Permits 
The City of Prince George issued 19 building permits valued at $7.13 million in February 2018, including $3,969,909 in single family residential permits, $3,130,000 in commercial permits. Industrial permits came in at $33,772 and no institutional permits were issued. This is a 371% increase in dollar value of total permits over February 2017 when 15 permits were issued at a value of $1.51 million.

View the complete Monthly Building Permit Report   for detailed descriptions of building permits issued. 
Business Licenses 
The City of Prince George issued 38 new business licenses and 297 business license renewals in February 2018.

Monthly Business License Reports are available on the  City of Prince George website.
40,535 passengers moved through the Prince George International Airport in February 2018. This was an increase of 6.02% or 2,300 more passengers over February 2017 when passenger volume was 38,235.
More Statistics...
The City of Prince George Economic Development Division offers a  dashboard that provides relevant up-to-date  economic data including the following: demographics, labour, tax, quality of life, housing transportation, education, companies, and utilities. Powered by Townfolio, this statistical tool is designed to help businesses and the community gain access to up-to-date statistics about the Prince George economy. 

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