Building permit values in May were stronger than the same month last year, with 103 permits issued at an estimated value of $13.6 million last month compared to 122 permits valued at $8 million issued in May of last year.
Year to date values, however, are lagging behind 2015 values, with permits issued so far this year valued at $79 million compared to close to $109 million by this time in 2015.
Commercial building permits continue to lead the way, with $10.3 million in permits issued last month compared to $2.7 million in May 2015. Two new commercial buildings were the main factors in a strong May total, including the Holiday Inn Express - Phase 1 at 6433 Orr Drive, with a value of nearly $8 million, and a McDonald’s, to be built at 300 6702 Golden West Avenue for a value of $1.4 million.
Other notable permits in May include the interior renovation of Wendy’s at 2410 50 Avenue, valued at nearly $400,000, and a three-unit car wash at 4343 78 St. Crescent, estimated at $278,000.
Monthly permit statistics are available on The City’s website at: Red Deer Open Data Catalogue
|Value of building permits|
|May 2016||May 2015||January - May 2016||January - May 2015|
|Permits||Est. Value||Permits||Est. Value||Permits||Est. Value||Permits||Est. Value|
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For more information, please contact:
Development & Licensing Supervisor
The City of Red Deer