June 2, 2008
(Red Deer, AB) – A new apartment building by Candor Development Corporation leads permit values for a slow month of May.
A 16 unit multi-family building at 3516 49 Avenue with a value of $3 million leads this months figures. Another prominent permit that influenced this month’s statistics was the commercial renovation permit by contractor Stan Schalk for the Buffalo Hotel at 5031 50 Street with a value of $950,000. Carolina Homes Inc. also contributed to these numbers with a multi attached building at 31 Jamieson Avenue with a value of $820,000.
“May was a slow month for new starts in residential housing permits. The slow down is in line with the Alberta market which indicates that there is an increase in inventory of existing houses for sale as well as the onset of slipping house prices,” states Joyce Boon, Development & Licensing Supervisor.
Monthly permit statistics are available at www.reddeer.ca/inspections.
|
Value of building permits |
|
|
May 2008 |
May 2007 |
January 2008 –
May 2008 |
January 2007 – May 2007 |
Permits |
Est. value |
Permits |
Est. value |
Permits |
Est. value |
Permits |
Est. value |
Red Deer |
220 |
$11,945,179 |
397 |
$60,928,903 |
818 |
$88,566,869 |
1412 |
$140,748,212 |
Residential |
200 |
$8,831,965 |
366 |
$19,315,910 |
724 |
$58,424,474 |
1318 |
$79,712,299 |
Commercial |
17 |
$2,818,214 |
16 |
$7,229,194 |
72 |
$23,377,164 |
53 |
$11,501,854 |
Industrial |
3 |
$295,000 |
13 |
$33,304,800 |
18 |
$3,797,231 |
35 |
$41,195,060 |
Public |
0 |
$0 |
2 |
$1,078,999 |
4 |
$2,968,000 |
6 |
$8,338,999 |
Miscellaneous |
0 |
$0 |
0 |
$0 |
0 |
$ 0 |
0 |
$0 |
- end -
For more information, contact:
Shelley VanSomeren
Inspections and Licensing
The City of Red Deer
403-309-8546
|
