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March 3, 2008
(Red Deer, AB) Once again, fewer residential building permits were issued in February compared to last year. This downward trend in single family housing construction reflects the slowdown of housing development across the Province. Commercial permit values remain steady with numerous ongoing tenant improvements.
“Although residential permit numbers appear low for this period, developers have indicated to the City that expectations of a great year is ahead of us for building in 2008”, states Joyce Boon. “Over the past few months there have been numerous building permit applications applied for in the commercial sector which will serve to bolster building stats in the near future.”
Monthly permit statistics will be posted on The City’s website at www.reddeer.ca/inspections.
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Value of building permits |
|
|
February 2008 |
February 2007 |
January 2008 –
February 2008 |
January 2007 – February 2007 |
| Permits |
Est. value |
Permits |
Est. value |
Permits |
Est. value |
Permits |
Est. value |
| Red Deer |
106 |
$5,928,108 |
242 |
$16,435,955 |
248 |
$24,955,697 |
481 |
$40,776,053 |
| Residential |
94 |
$4,968,134 |
228 |
$15,634,955 |
214 |
$16,665,748 |
453 |
$31,134,293 |
| Commercial |
10 |
$892,680 |
9 |
$276,000 |
28 |
$7,924,655 |
18 |
$1,305,500 |
| Industrial |
2 |
$67,294 |
4 |
$455,000 |
5 |
$112,294 |
8 |
$2,466,260 |
| Public |
0 |
$0 |
1 |
$70,000 |
1 |
$253,000 |
2 |
$5,870,000 |
| Miscellaneous |
0 |
$0 |
0 |
$0 |
0 |
$0 |
0 |
$0 |
- end -
For more information, contact:
Joyce Boon
Inspections and Licensing
The City of Red Deer
(403) 342-8192
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