In what is seen as yet another sign of the recession, BC Stats. reports province-wide investment in non-residential building construction dipped nearly two percent, in the first quarter of this year.
The three month decrease was spread over all sectors but, was mainly the result of a sharp drop, by more than 13 percent, in industrial construction.
Here in Fort St. John only three industrial and commercial permits were issued in the quarter, with a total value of 120,000 dollars.
That pales in comparison to last year, when ten commercial permits were issued in the first three months of the year, for a total value of more than 24 million dollars. Overall construction value in the city, through March of this year was less than one and half million compared, to more than 26 and half million for the same quarter last year.
However, that’s a skewed comparison given the Enerplex permit, worth more than 23 million, was issued in March of last year.
Nevertheless, it is also worth noting, that in each of the previous two years, 2006 and 2007, the first quarter value of construction was worth about 15 million dollars.
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