February 4, 2025 10:17 AM
(Red Deer, Alberta)Building permit values have started high in 2025, with 65 issued permits valued at $17 million, compared with 67 permits worth $7 million in January 2024.
Notable permits include:
- Building permit for construction of a 13-unit apartment at 1000-4750 54 Avenue, valued at $1.9 million
- Building permit for construction of a 13-unit apartment at $4000-4750 54 Avenue, valued at $1.9 million
- Building permit for construction of an 11-unit apartment with commercial rental unit at 2000-4750 54 Avenue, valued at $1.6 million
- Building permit for construction of the third phase of Notre Dame Plaza, consisting of a single storey 14,256 sq. ft. building, additional parking stalls, sidewalk and landscaping, valued at $1.5 million
- Building permit for construction of a nine-unit apartment at 5000-4750 54 Avenue, valued at $1.3 million
| Jan 2025 | Jan 2024 | Jan - Jan 2025 | Jan - Jan 2024 | |||||
| Permits | Est. Value | Permits | Est. Value | Permits | Est. Value | Permits | Est. Value | |
| TOTAL | 65 | $17,218,220 | 67 | $7,207,279 | 65 | $17,218,220 | 67 | $7,207,279 |
| COMMERCIAL | 21 | $12,990,139 | 18 | $1,628,773 | 21 | $12,990,139 | 18 | $1,628,773 |
| INDUSTRIAL | 1 | $3,500,000 | 1 | $3,500,000 | ||||
| PUBLIC SERVICE | 3 | $1,850,000 | 7 | $871,000 | 3 | $1,850,000 | 7 | $871,000 |
| RESIDENTIAL | 41 | $2,378,081 | 41 | $1,207,506 | 41 | $2,378,081 | 41 | $1,207,506 |
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