Home About Contact Us Feedback

Construction

Home/Business and Development//Key Industry Clusters/Construction/

Construction plays a major part in fueling Prince George's economy. Discover opportunities, learn about the construction cluster's competitive advantages, and view local construction company listings in the Business Directory.

Construction in Prince George

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. Construction generated $408 million in GDP for Prince George in 2018.

Construction Cluster Objectives

Expand knowledge base of industries, leading to more collaboration and competition that breeds innovation, specialization, and expertise.
Attract foreign direct investment by creating more focused marketing on specific industries.
Clustering helps firms grow faster, increases their recognition, and establishes them in the market.
Workforce attraction and retention. Clusters consolidate and highlight opportunities available in industry.

Construction North American Index Codes

The construction cluster uses the following North American Index Codes (NAIC):

2361 - Residential Building Construction
2362 - Non-Residential Building Construction
2371 - Utility System Construction
2372 - Land Subdivision
2373 - Highway, Street, and Bridge Construction
2379 - Other Heavy and Civil Engineering Construction

2381 - Foundation Structure and Building Exterior Contractors
2382 - Building Equipment Contractors
2383 - Building Finishing Contractors
2389 - Other Specialty Trade Contractors

Fast Facts

In 2018, 4,800 people were employed in construction and that number is expected to grow by one per cent in 2020.
Construction sector GDP is expected to grow from $408 million in 2018 to $426 million in 2020.
Prince George's construction industry grew on average by 4.8 per cent annually between 2013 and 2018.
Workers broke ground on 427 new homes in 2017, which was the highest level of housing starts since 1996.

Competitive Advantages

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 a 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.