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Commercial and public service permit values increase

December 1, 2010

Commercial and public service permit values increased significantly. Contributing to the increase in commercial permits was a permit issued to Anderson Builders Group 1989 Inc. for a 16 Unit Condo & Office complex located at 4901 – 46 Street valued at $3.2 million. Also helping with the commercial growth was a permit issued to Treit Holding 10 Corporation for renovations to the Sheraton Hotel located at 3310 – 50 Avenue valuing $3.3 million.

Public service permit values have increased over this time last year with the issuance of a permit to Stuart Olson Constructors Inc for the foundation to the Red Deer Hospital Cancer Center located at 3942 – 50A Avenue valued at $1.4 million, also contributing to public service permits was a permit issued to Trumbley & Hampton Inc for interior renovations to City of Red Deer Fire Station #3 located at 4340 – 32 Street, valuing $1.5 million.

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

Value of building permits

November 2010

November 2009

January 2010 - November 2010

January 2009 - November 2009

Permits

Est. value

Permits

Est. value

Permits

Est. value

Permits

Est. value

Red Deer

82

$15,214,313

141

$15,466,497

1234

$114,117,055

1685

$134,094,357

Residential

66

$4,421,364

126

$14,713,718

1069

$64,448,885

1488

$78,190,438

Commercial

11

$7,616,000

7

$108,779

119

$27,922,838

132

$20,170,344

Industrial

1

$50,000

8

$644,000

32

$9,807,600

39

$4,614,792

Public

4

$3,126,949

0

$0

14

$11,937,732

26

$31,118,783

Miscellaneous

0

$0

0

$0

0

$0

0

$0

                                                                  - end -

For more information, please contact:

Joyce Boon
Inspections & Licensing Department
The City of Red Deer
403-342-8190