January 4, 2024 9:58 AM
(Red Deer, Alberta)Building permit values increased in December, with 63 approved permits valued at $7.7 million, compared with 49 permits issued in December 2022 worth $4.5 million.
Year-to-date values remained lower in 2023, with current values at $93 million compared with $154 million last year.
Notable permits include:
- Building permit for construction of new commercial building at 5441 45 Street, valued at $2.7 million,
- Building permit for interior renovations and new exterior signage at 850-5001 19 Street, valued at $2.1 million,
- Building permit for new tenant improvements on second floor of existing three storey building at 201-4132 50 Avenue, valued at $850,000,
- Building permit for addition to existing structure at 71 Queensland Crescent, valued at $350,000,
- Building permit for interior and exterior renovations to existing structure at 7280 Johnstone Drive, valued at $245,000.
| Dec 2023 | Dec 2022 | Jan - Dec 2023 | Jan - Dec 2022 | |||||
| Permits | Est. Value | Permits | Est. Value | Permits | Est. Value | Permits | Est. Value | |
| TOTAL | 63 | $7,729,681 | 49 | $4,457,133 | 1029 | $93,743,015 | 903 | $154,296,686 |
| COMMERCIAL | 14 | $6,223,869 | 13 | $1,596,500 | 236 | $50,200,412 | 213 | $65,088,850 |
| INDUSTRIAL | 4 | $630,000 | 38 | $5,859,787 | 23 | $5,518,428 | ||
| PUBLIC SERVICE | 1 | $4,000 | 4 | $1,608,400 | 55 | $8,399,952 | 54 | $54,168,240 |
| RESIDENTIAL | 44 | $871,812 | 32 | $1,252,233 | 700 | $29,282,863 | 613 | $29,521,167 |
- end -