A new target for home construction in Prince George has been set by the provincial government.
The housing target order, issued under the Housing Supply Act, aims to spur the completion of 1,803 net new housing units in the City of Prince George over the next five years.
"The City of Prince George is ready to step up to the plate and meet this challenge brought forward by the province,” said Mayor Simon Yu.
This target has been calculated as being 75 per cent of the estimated housing need (2,404 units) for the city.
“Supporting more housing, faster, aligns with council’s strategic priorities to grow our city and improve the quality of life for all residents," said Yu. "We are optimistic that we will meet or exceed our target of 1,803 new housing units as there are a number of projects and initiatives currently taking place and planned for the near future in our community.”
Prince George was one of 10 municipalities to have housing targets released this week.
Regular progress reports will track housing completions, demolitions, building permits, and projects in development, alongside municipal actions to support increased housing. The first progress report will be published in early spring 2025, following six months of the Housing Target Order's implementation.
The province has explained that municipalities will be evaluated after six months, then every year, on their progress toward achieving the housing targets. The Province will monitor progress and work with the municipalities to support them in achieving their targets.
More information on the Housing Target Order can be found here.
