Prince George’s construction industry is one of the main drivers in the development of new projects that are planned or underway in northern British Columbia. These projects involve contracts with local firms and support a large workforce to help deliver and build modern and innovative infrastructure.
Residential real estate is a significant contributor to the local economy and is a leading economic indicator. The value of building permits issued by the City of Prince George 2022 set a new record at a little over a quarter of a billion dollars, breaking 2021’s then-all-time best by approximately $14 million (approximately a five per cent increase).
More than 38,000 trade students graduate from the College of New Caledonia every year.
Access to large core industries such as lumber, steel, asphalt, and concrete.
Natural resource, business, and tourism developments result in high demand for construction in Prince George.
Prince George has a diverse construction industry (design and build subcontractors).
Proposed $195 billion funding for major project capital expenditures in Central and Northern B.C., which accounts for over 60 per cent of all major capital expenditures in B.C.
Interested in learning more about how to start or grow your business in Prince George, local advantages or get access to business intelligence?