FORT ST. JOHN, B.C. – For the first time this year, the City of Fort St. John has posted a monthly building report, where the value of construction exceeded what was posted from the same month the previous year.
The May reports show 13 permits were issued in the month with a total construction value of $8.2 million, and even though 23 permits were issued in May of 2015, they were worth only $6.7 million.
The difference maker this year was the $3 million dollar permit for the new local area office building of the 68,000 member BC Government and Service Employees Union at 101-47-100th avenue.
It represented nearly 50% of last month’s commercial permit total value, which was more than two and half times the same total in May of last year.
Last month’s aforementioned total value of construction also nearly doubled the year-to-date total, which went from $8.5 million at the end of April, to $16.7 million at the end of May.
However, that still leaves the city with less than 30% of the $57.5 million total for the first five months 2015, and that’s more than a $40 million dollar difference with the March numbers still the notable key reason.
As reported earlier, the value of construction in March of this year was only $798,000, as compared to $24 million in the same month last year.
Not surprisingly, it’s a similar story when it comes to a comparison of City Hall revenue numbers.
The 13 permits last month put $41,000 into city coffers, but that’s nearly half of the year-to-date total of $85,000, which in turn is only about 30% of the five month 2015 total of $288,000.
So despite the year-over-year May improvement the city remains on pace to post the lowest calendar year value of construction total since 2007.