ECONOMIC UPDATE
June 2021
VIEW TRENDING ECONOMIC DATA FOR JUNE 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.
JUNE 2021 ECONOMIC INDICATORS
Up 10,000 jobs in the Cariboo Economic Development Region in June 2021. Accommodation and Food Services and Healthcare 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 June 2021 reached $18.2M. This was a $3M increase when comparing to June, 2020.

  • There was a total of 47 permits in June 2021 when compared to 57 in the previous year.
BUSINESS LICENCE NUMBERS
  • There were 55 new business license applications in June, 2021.
AIR PASSENGER TRAFFIC
  • The Prince George Airport (YXS) reported 3,505 passengers in June, 2020. In June of this year there was a 267.19% increase with 12,870 passengers arriving and departing. This is a result of easing COVID-19 restrictions.
REAL ESTATE SALES AND HOUSING CONSTRUCTION IN PRINCE GEORGE
  • There were 108 homes sold in June, 2021. There was an increase between the two periods with 99 homes sold in June, 2020.

  • The average house sale price was $453,879 in June, 2021. There was an increase compared to last June when there was an average house sale price of $404,663.


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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