ECONOMIC UPDATE
September 2021
VIEW TRENDING ECONOMIC DATA FOR SEPTEMBER 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.
SEPTEMBER 2021 ECONOMIC INDICATORS
85,900 Employed in the Cariboo Economic Development Region in September 2021. Transportation and Warehousing and Information, Culture, and Recreation are the main industries creating new jobs.
BUILDING PERMITS DECREASE
  • The total value of building permits issued in Prince George through the month of September, 2021 reached $18.9M. This was an $11.7M decrease when comparing to September, 2020.

  • There was a total of 30 permits in September, 2021 when compared to 53 in the previous year.

  • For the first 9 months of 2021 the total building permit value is $164M which is $2.1M more than the same period in 2020.
BUSINESS LICENCE NUMBERS
  • There were 46 new business license applications in September, 2021.
AIR PASSENGER TRAFFIC
  • The Prince George Airport (YXS) reported 10,902 passengers in September, 2020. In September of this year there was a 128.48% increase with 24,909 passengers arriving and departing. This is a result of easing COVID-19 restrictions.
REAL ESTATE SALES AND HOUSING CONSTRUCTION IN PRINCE GEORGE
  • There were 93 homes sold in September, 2021. There was a decrease between the two periods with 118 homes sold in September, 2020.

  • The average house sale price was $448,292 in September, 2021. There was an increase compared to last September when there was an average house sale price of $434,447.


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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