January 22, 2025 11:06 AM
(Red Deer, Alberta)Building permit values decreased in December, with 36 approved permits valued at $1.9 million, compared with 63 permits issued in December 2023 worth $7.7 million.
Year-to-date values remained higher through the end of 2024, with values at $130.6 million compared with $97 million in 2023.
Notable permits include:
- Building permit for construction of a new detached single-family dwelling with attached garage at 93 Lundberg Crescent, valued at $177,775
- Building permit for a new detached single-family dwelling with front attached garage at 80 Emmet Crescent, valued at $171,253
- Building permit for construction of a new detached single-family dwelling with attached garage, developed basement and covered decks at 2 Tillier Street, valued at $169,748
- Building permit for construction of a new detached single-family dwelling with front attached garage and rear deck at 66 Turnbull Crescent, valued at $165,525
- Building permit for construction of a new detached single-family dwelling with developed basement, attached garage and partially covered deck at 38 Tarzwell Avenue, valued at $165,501
| Dec 2024 | Dec 2023 | Jan - Dec 2024 | Jan - Dec 2023 | |||||
| Permits | Est. Value | Permits | Est. Value | Permits | Est. Value | Permits | Est. Value | |
| TOTAL | 36 | $1,945,689 | 63 | $7,730,081 | 1,139 | $130,626,785 | 1,029 | $93,744,899 |
| COMMERCIAL | 3 | $330 | 14 | $6,224,269 | 223 | $47,985,717 | 236 | $50,200,812 |
| INDUSTRIAL | 2 | $20,500 | 4 | $630,000 | 29 | $9,950,878 | 38 | $5,859,787 |
| PUBLIC SERVICE | 1 | $4,000 | 58 | $44,318,476 | 55 | $8,399,952 | ||
| RESIDENTIAL | 31 | $1,924,859 | 44 | $871,812 | 829 | $28,371,714 | 700 | $29,284,348 |
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