ECONOMIC UPDATE
February 2021
VIEW TRENDING ECONOMIC DATA FOR FEBRUARY 2021
Every month, the Economic Development division at the City of Prince George tracks economic indicators to better understand the business climate in Prince George. Data included in the monthly analysis covers several areas, including employment rates and numbers, real estate developments and transactions, building permit values, business license applications, and airport passenger statistics.

Information is gathered from a variety of sources, including Statistics Canada, the BC Northern Real Estate Board, the Canada Housing and Mortgage Corporation, the City of Prince George, and the Prince George Airport Authority.
FEBRUARY 2021 ECONOMIC INDICATORS
Up 3,400 jobs in the Cariboo Economic Development Region in February 2021. Educational Services and Health Care and Social Assistance are the main industries creating new jobs.
BUILDING PERMITS INCREASE
  • The total value of building permits issued in Prince George through the month of February, 2021 reached $6.3M. This was a $4.5M increase when comparing to February, 2020.

  • There was an increase of $5M in residential building permits when compared to February of the previous year.




BUSINESS LICENCE NUMBERS
  • There were 45 new business license applications in February, 2021.
AIR PASSENGER TRAFFIC
  • The Prince George Airport (YXS) reported 40,353 passengers in February, 2020. In February of this year there was a 83.06% decrease with 6,834 passengers arriving and departing.
REAL ESTATE SALES AND HOUSING CONSTRUCTION IN PRINCE GEORGE
  • There were 59 homes sold in February, 2021. There was an increase between the two periods with 37 homes sold in February, 2020.

  • The average house sale price was $451,366 in February, 2021. There was an increase compared to last February when there was an average house sale price of $357,478.


View more housing statistics, including average rent, housing structure types, and more, through the Townfolio dashboard.
City of Prince George, 1100 Patricia Boulevard, Prince George, BC V2L 3V9
Email: ecdev@princegeorge.ca | Telephone: 250-561-7633 | Fax: 250-561-7724
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