March 2020 News Archive

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Building permit values down in February

March 4, 2020 2:24 PM
(Red Deer, Alberta)

Building permit values were down in February dropping from an estimated $20 million in February 2019 to $4.5 million last month. 

52 permits were issued in February, compared with 70 permits issued in February 2019. Year-to-date totals are approximately $25 million lower than the same period last year. January-February 2020 has seen $40 million in permits issued, compared to $65 million during the same period in 2019. 

Notable permits for the month of February include the following:

  • The re-demising of an existing unit into additional retail units, removal of an existing exterior entrance and installation two new exterior unit entrances at Bower Place Shopping Centre, valued at $800,000;
  • Interior renovations to an office in Edgar Industrial Park, valued at $425,000;
  • The installation of a diesel extraction system at Fire Hall #1, valued at $347,341;
  • Interior renovations to at the RCMP Red Deer South Detachment, valued at $259,000; and
  • Interior renovations to accommodate a retail shoe store at Parkland Mall.

Monthly permit statistics are available on The City’s website at: Red Deer Open Data Catalogue.

Value of building permits
  February 2020 February 2019 January - February 2020 January - February 2019
  Permits Est. Value Permits Est. Value Permits Est. Value Permits Est. Value
Red Deer 52 $4,588,135 70 $20,272,437 108 $65,194,641 156 $40,782,236
Residential 21 $1,329,478 27 $1,385,492 53 $2,726,027 67 $3,857,709
Commercial 19 $1,853,162 39 $18,308,945 37 $30,585,120 75 $34,674,642
Industrial 6 $701,823 3 $78,000 9 $6,878,823 10 $1,645,885
Public 6 $703,671 1 $500,000 9 $25,004,671 4 $604,000

For more information, please contact:

Erin Stuart
Inspections & Licensing Manager
The City of Red Deer
403-342-8192

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