November 5, 2024 9:39 AM
(Red Deer, Alberta)Building permit values increased in October, with 133 issued permits valued at $12.4 million, compared with 71 issued permits in October 2023 worth $2.8 million.
Year-to-date values remain higher in 2024, with current values at $105 million, compared with $76.6 million at this time last year.
Notable permits include:
- Building permit for expansion to existing manufacturing warehouse facility, including new sprinklers, fire alarm and minor exterior renovations to existing building at 7883 Edgar Industrial Way, valued at $2.2 million
- Building permit for tenant improvements to offices, meeting rooms and reception area, including new flooring, wall finishes, lighting fixtures and upgrades to plumbing and HVAC at 120-5441 45 Street, valued at $1.2 million
- Building permit for fire reclamation, including demolition of affected areas in the shop and mezzanine, construction to rebuild according to original plans and drawings at 7919 Quinton Drive, valued at $945,000
- Building permit for renovations to roof area to prepare for future tenant patio area at 410-4900 Molly Banister Drive, valued at $700,000
- Building permit for demolition of interior partition walls and kitchen space to create open space for future tenant at 4950 47 Avenue, valued at $450,000.
Oct 2024 | Oct 2023 | Jan - Oct 2024 | Jan - Oct 2023 | |||||
Permits | Est. Value | Permits | Est. Value | Permits | Est. Value | Permits | Est. Value | |
TOTAL | 133 | $12,488,084 | 71 | $2,867,089 | 1020 | $105,491,487 | 875 | $76,633,597 |
COMMERCIAL | 27 | $3,160,073 | 12 | $498,956 | 205 | $47,003,878 | 198 | $39,081,544 |
INDUSTRIAL | 4 | $3,255,850 | 1 | $286,715 | 27 | $9,930,378 | 34 | $5,229,787 |
PUBLIC SERVICE | 7 | $1,435,006 | 3 | $204,720 | 52 | $25,111,191 | 48 | $7,640,708 |
RESIDENTIAL | 95 | $4,667,155 | 55 | $1,876,698 | 736 | $23,446,040 | 595 | $24,681,557 |
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