September 11, 2023 3:51 PM
(Red Deer, Alberta)Building permit values decreased in August, with 124 approved permits valued at $23.2 million, compared with 97 permits issued in August 2022 worth $23.4 million.
Year-to-date values remain lower in 2023, with current values at $68.2 million compared with $129.2 million last year.
Notable permits include:
| August 2023 | August 2022 | Jan - Aug 2023 | Jan - Aug 2022 | |||||
| RED DEER | Permits | Est. Value | Permits | Est. Value | Permits | Est. Value | Permits | Est. Value |
| TOTAL | 124 | $23,177,771 | 97 | $23,443,930 | 712 | $68,277,085 | 605 | $129,203,717 |
| COMMERCIAL | 23 | $18,428,796 | 15 | $18,043,436 | 164 | $36,238,454 | 145 | $55,143,555 |
| INDUSTRIAL | 6 | $1,082,500 | 1 | $100,000 | 29 | $4,201,831 | 13 | $2,683,076 |
| PUBLIC SERVICE | 7 | $335,880 | 9 | $2,063,100 | 44 | $7,308,088 | 40 | $50,053,622 |
| RESIDENTIAL | 88 | $3,330,594 | 72 | $3,237,934 | 475 | $20,528,771 | 407 | $21,323,464 |
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