April 1, 2010
(Red Deer, Alberta) – Permit values have risen in March, with a total increase of $3.2 million from this time last year. Residential values reveal the greatest increase of approximately $5 million with 102 permits issued at a value of $7.3 million, compared to 51 permits issued last year at $2.4 million.
Total year-to-date building permit numbers are up by 62 permits, a 26 per cent increase from 2009. The Canadian Mortgage and Housing Corporation stated that in 2009, the housing market began shifting from a buyers’ market to a sellers’ market. With fewer existing homes available, the demand for new homes became greater.
A $1 million commercial building permit was issued to Bird Construction for development of a Bed, Bath & Beyond outlet at 850, 5001 19 Street.
Monthly permit statistics will be posted on The City’s website at www.reddeer.ca/inspections.
Value of building permits |
|
|
March 2010 |
March 2009 |
January 2010 –
March 2010 |
January 2009–
March 2009 |
Permits |
Est. value |
Permits |
Est. value |
Permits |
Est. value |
Permits |
Est. value |
Red Deer |
119 |
$8,763,570 |
73 |
$5,529,888 |
302 |
$22,288,784 |
240 |
$17,052,574 |
Residential |
102 |
$7,334,744 |
51 |
$2,352,588 |
255 |
$18,518,538 |
185 |
$9,449,094 |
Commercial |
13 |
$1,391,826 |
18 |
$2,377,300 |
36 |
$3,163,146 |
40 |
$6,084,480 |
Industrial |
4 |
$37,000 |
1 |
$100,000 |
10 |
$307,100 |
9 |
$595,000 |
Public |
0 |
$0 |
3 |
$700,000 |
1 |
$300,000 |
6 |
$924,000 |
Miscellaneous |
0 |
$0 |
0 |
$0 |
0 |
$0 |
0 |
$0 |
- end -
For more information, contact:
Rachelle Trepanier
Inspections & Licensing
The City of Red Deer
403-309-8513
|
