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Building permit values continue rise in October

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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