June 5, 2024 1:28 PM
(Red Deer, Alberta)Building permit values decreased in May, with 92 issued permits valued at $5.7 million, compared with 104 permits issued in May 2023 worth $7.8 million.
Year-to-date values remain higher in 2024, with current values at $56.9 million, compared with $35 million at this time last year.
Notable permits include:
- Building permit for renovations and exterior door replacement at 4920 51 Street, valued at $1.1 million
- Building permit for interior and exterior renovations at 4711 51 Avenue, valued at $350,000
- Building permit to construct a new Indigenous Centre at Red Deer Polytechnic, 100 College Boulevard, valued at $273,000
- Building permit for a new detached family dwelling with front attached garage, rear deck and developed basement at 59 Thayer Close, valued at $270,000
- Building permit for renovations to security kiosk at 100 College Boulevard, valued at $265,000
| May 2024 | May 2023 | Jan - May 2024 | Jan - May 2023 | |||||
| RED DEER | Permits | Est. Value | Permits | Est. Value | Permits | Est. Value | Permits | Est. Value |
| TOTAL | 92 | $5,695,284 | 104 | $7,804,352 | 420 | $56,908,668 | 401 | $35,065,962 |
| COMMERCIAL | 17 | $853,201 | 24 | $2,515,740 | 90 | $38,460,283 | 95 | $14,974,816 |
| INDUSTRIAL | 2 | $47,000 | 3 | $932,831 | 10 | $3,874,000 | 14 | $2,191,831 |
| PUBLIC SERVICE | 8 | $2,073,539 | 10 | $1,908,577 | 27 | $6,486,539 | 22 | $3,940,408 |
| RESIDENTIAL | 65 | $2,721,545 | 67 | $2,447,205 | 293 | $8,084,846 | 270 | $13,958,907 |
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