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Building permit values take a large leap in May

June 1, 2007

(Red Deer, Alberta) – During the month of May, Inspections & Licensing issued a total of 397 building permits. This number includes 366 residential permits issued for a total of $19.3 million. In addition, sixteen commercial permits valued at $7.2 million were also issued, along with 13 industrial permits totaling $33.3 million and two public permits valued at $1 million. Overall, permit values for 2007 are $37.6 million higher than those for the same period in 2006.

Highlights for the month of May include the Sears development at Bower Mall which is valued at $6.3 million and industrial development of $33.3 million which includes a large portion of The City’s new Public Works buildings.

Monthly permit statistics are posted on The City’s website at www.reddeer.ca/inspections.

Value of building permits

May 2007

May 2006

January 2007 –
May 2007

January 2006 -
May 2006

Permits Est. value Permits Est. value Permits Est. value Permits Est. value
Red Deer

397

60,928,903

355

23,326,405

1416

$140,794,212

1154

$98,345,222

Residential

366

19,315,910

327

17,788,735

1321

$79,718,299

1022

$69,460,412

Commercial

16

7,229,194

15

861,670

54

$11,541,854

84

$16,709,476

Industrial

13

33,304,800

10

3,528,000

35

$41,195,060

39

$7,850,518

Public

2

1,078,999

3

1,148,000

6

$8,338,999

9

$4,324,817

Miscellaneous

0

0

0

0

0

0

0

0

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For more information, contact:

Joyce Boon or Jacobie Bylsma
Inspections and Licensing
The City of Red Deer
(403) 342-8190