FORT ST. JOHN, B.C. — The City of Fort St. John has released 2017’s final edition of building numbers which shows that the value of construction in the Energetic City has fallen to its lowest level since 2010.
According to data published by the City, the value of construction during the month of December was just $178,000. Though that number is more than three times the $50,000 in construction started in December 2016, the five projects cap off what was a year with some of the lowest housing starts in several years.
In total, the value of construction in Fort St. John last year was $54,666,000. That’s $26.8 million less than the value in 2016, and over $100 million lower than just two years ago. Just 10 single family detached homes were built in Fort St. John last year, compared to 23 built in 2016 and 94 built in 2014.
In contrast, the city did see an increase in the number of multiple family homes built. Seven buildings featuring 69 suites were started in 2017, totalling $19.6 million. Industrial construction made up the second highest category in terms of value, with a total of $14.3 million.
Despite the drop in construction value compared to 2016, the City didn’t see a corresponding drop in revenue. The City brought in a total of $600,267.59 from permits and fees in 2017, which is only $72,000 less than last year.