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Building permit values continue to decrease in June

July 11, 2023 11:48 AM
(Red Deer, Alberta)

Building permit values decreased in June, with 95 approved permits valued at $4 million, compared with 74 permits issued in June 2022 worth almost $11 million.

Year-to-date values remain lower in 2023, with current values at $39 million compared with $89 million last year.

Notable permits include:

  • Building permit for interior renovations at 6833 66 Street, valued at $800,000.
  • Building permit to expand the Central Alberta Women’s Emergency Shelter valued at $562,300.
  June 2023 June 2022 Jan - June 2023 Jan - June 2022
RED DEER Permits Est. Value Permits Est. Value Permits Est. Value Permits Est. Value
TOTAL 96 $4,011,591 74 $10,948,015 497 $39,077,653 423 $89,578,061
COMMERCIAL 19 $1,497,367 20 $7,667,925 113 $16.471,183 102 $27,757,100
INDUSTRIAL 4 $100,500     18 $2,292,331 11 $2,508,703
PUBLIC SERVICE 5 $800,200 3 $526,685 28 $4,741,608 26 $43,486,522
RESIDENTIAL 67 $1,613,524 51 $2,753,405 338 $15,572,531 284 $15,825,736
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