August 6, 2024 2:32 PM
(Red Deer, Alberta)Building permit values continued to increase in July, with 115 issued permits valued at $17.4 million, compared with 92 issued permits in July 2023 worth $6 million.
Year-to-date values remain higher in 2024, with current values at $80 million, compared with $45 million at this time last year.
Notable permits include:
- Building permit for parkade expansion at Red Deer Regional Hospital, valued at $10 million
- Building permit for foundations for new cranes and upgrading the mechanical system at 110, 129 Queens Drive, valued at$1.4 million.
- Building permit for building envelope upgrades at 3814, 55 Avenue, valued at $1.15 million.
- Building permit to construct a daycare facility at 4711, 51 Avenue, valued at $360,000.
- Building permit to construct a two storey detached home at 6228 Cronquist Drive, valued at $315,000.
| July 2024 | July 2023 | Jan - July 2024 | Jan - July 2023 | |||||
| RED DEER | Permits | Est. Value | Permits | Est. Value | Permits | Est. Value | Permits | Est. Value |
| TOTAL | 115 | $17,436,410 | 92 | $6,021,761 | 655 | $80,068,290 | 588 | $45,099,314 |
| COMMERCIAL | 26 | $835,262 | 28 | $1,338,475 | 140 | $40,175,733 | 142 | $17,810,658 |
| INDUSTRIAL | 3 | $1,509,528 | 5 | $827,000 | 18 | $6,423,528 | 23 | $3,119,331 |
| PUBLIC SERVICE | 5 | $12,437,896 | 9 | $2,230,600 | 37 | $19,191,785 | 36 | $6,971,208 |
| RESIDENTIAL | 81 | $2,653,723 | 50 | $1,625,686 | 460 | $14,277,244 | 387 | $17,198,117 |
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