Provincial Housing Targets

Effective August 1, 2024, the Province of British Columbia issued a Housing Target Order to the City of Prince George, aiming to complete at least 1,803 net new housing units over the next five years. "Net new" refers to new, move-in-ready units minus those lost through demolition.

Image
Inforgraphic with photo of a townhouse complex being constructed. Text reads: Provincial housing targets for Prince George. 2024-2029. 1,803 net new units total. Year one +273 units. Year two +302 units. Year three +346 units. Year four +404 units. Year five +478 units.

Housing Supply Act background

In May 2023, the Province of British Columbia implemented the Housing Supply Act to boost the quantity and speed of new housing developments. This legislation empowers the Province to establish housing targets for 47 municipalities, as specified under the Housing Supply Regulation. Prince George is included in the third cohort of municipalities selected for Housing Target Orders.

Housing target progress will be evaluated after the first six months and then annually, based on net new units completed and municipal actions taken to meet these targets. If a municipality fails to meet the cumulative annual housing target, it must submit a plan detailing actions it will take to achieve the target and work with the Ministry to realize housing goals. 

The Ministry of Housing has committed to reviewing 16 to 20 municipalities annually to assess housing targets and address housing supply and affordability. The ministry collaborates with municipalities to understand community housing needs and set targets with careful consideration for local planning and land use.

Order breakdown

This target is based on 75% of the Province’s estimate of housing need for the City of Prince George (2,404 units) over the next 5 years. The Province has also provided the City with a comprehensive breakdown of desired unit and tenure types, and affordability guidelines based on estimate need. These guidelines are intended to create housing that meets the specific needs of our residents, such as affordable rental housing for families, and are not included in the official Housing Target Order.

Image
Infographic with photo of multi-unit housing complex. Text reads: Provincial housing guidelines for Prince George. 1,803 net new units over five years. Types of units: 1,179 studio/one-bedroom. 256 two bedroom. 367 three + bedrooms. 1,278 rental units. 617 below market value units. 185 with on-site supports.

Role of the City

The Housing Target Order presents a significant opportunity to advance the City of Prince George's existing initiatives, enhance the availability and accuracy of housing completion data, and align Mayor and Council’s strategic priorities with housing development efforts.

Regular progress reporting will track housing completions, building permits issued, and projects in the development pipeline, as well as steps taken by the Municipality to update policies and procedures in support of increased housing. The City of Prince George’s first progress report will be published for Council, the Public, and the Province in winter 2025, following 6 months of progress since issuance of the Housing Target Order.

The City is well-positioned to support increased and diverse housing development in partnership with the Province. Below are the city-led initiatives currently under way to increase housing in our community: