ECONOMIC UPDATE
January 2021
VIEW TRENDING ECONOMIC DATA FOR JANUARY 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.
JANUARY 2021 ECONOMIC INDICATORS
Up 1,400 jobs in the Cariboo Economic Development Region in January 2021. Healthcare and Social Assistance, Educational Services, and Manufacturing are the main industries creating new jobs.
BUILDING PERMITS INCREASE
  • The total value of building permits issued in Prince George through the month of January, 2021 reached $11.5M. This was a 49.5% increase when comparing to January, 2020.

  • There was an increase of $3.9M in residential building permits when compared to January of the previous year.
BUSINESS LICENCE NUMBERS
  • There were 9 new business license applications in January, 2021.
AIR PASSENGER TRAFFIC
  • The Prince George Airport (YXS) reported 39,015 passengers in January, 2020. In January of this year there was a 79.93% decrease with 7,831 passengers arriving and departing.
REAL ESTATE SALES AND HOUSING CONSTRUCTION IN PRINCE GEORGE
  • There were 63 homes sold in January, 2021. There was an increase between the two periods with 42 homes sold in January, 2020.

  • The average house sale price was $419,024 in January, 2021. There was an increase compared to last January when there was an average house sale price of $370,328.

  • There were 23 more Multi Family Dwelling starts in January 2021 compared to January, 2020.

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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