PRINCE GEORGE – The Province of British Columbia has issued a Housing Target Order under the Housing Supply Act, aiming to spur the completion of 1,803 net new housing units in the City of Prince George over the next five years. This target, calculated as 75 per cent of the estimated housing need (2,404 units) for the city, represents a significant step towards addressing local housing challenges.
Prince George was one of 10 municipalities who had their housing targets released this week.
Regular progress reports will track housing completions, demolitions, building permits, and projects in development, alongside municipal actions to support increased housing. The first progress report will be published in early spring 2025, following six months of the Housing Target Order’s implementation.
The Province has explained that municipalities will be evaluated after six months, then every year, on their progress toward achieving the housing targets. The Province will monitor progress and work with the municipalities to support them in achieving their targets.
More information on the Housing Target Order can be found here.
“The City of Prince George is ready to step up to the plate and meet this challenge brought forward by the province,” said Mayor Simon Yu.
“Supporting more housing, faster, aligns with Council’s strategic priorities to grow our city and improve the quality of life for all residents. We are optimistic that we will meet or exceed our target of 1,803 new housing units as there are a number of projects and initiatives currently taking place and planned for the near future in our community.”
Source: City of Prince George
