June 1, 2010
(Red Deer, Alberta) – Residential year-to-date values are up by 45 per cent from last year with a total of 477 permits issued at a value of approximately $33 million. Contributing to these values is the development of new single family home starts. At this time last year slightly fewer permits were issued with a construction value of approximately $23 million.
A permit was issued last month to River City Developments Ltd. at a value of $550,000 for development of a temporary care facility on behalf of Women’s Outreach to be located at 4917 55 Street.
Total building permit values are down when compared to May of 2009 partially because of a major public renovation project that boosted last year’s values up by approximately $2.2 million. This project was for interior renovations to the Aspen Heights School.
Industrial development has increased in value by approximately $1 million due to the increase in renovation projects last month.
Monthly permit statistics will be posted on The City’s website at www.reddeer.ca/inspections.
Value of building permits |
|
|
May 2010 |
May 2009 |
January 2010 –
May 2010 |
January 2009–
May 2009 |
Permits |
Est. value |
Permits |
Est. value |
Permits |
Est. value |
Permits |
Est. value |
Red Deer |
131 |
$8,729,167 |
177 |
$10,213,804 |
558 |
$40,609,536 |
563 |
$45,407,723 |
Residential |
111 |
$6,350,167 |
157 |
$6,462,404 |
477 |
$32,902,627 |
470 |
$22,624,643 |
Commercial |
13 |
$1,258,000 |
11 |
$960,500 |
61 |
$5,853,808 |
66 |
$8,613,180 |
Industrial |
7 |
$1,121,000 |
5 |
$92,000 |
19 |
$1,553,100 |
16 |
$747,000 |
Public |
0 |
$0 |
4 |
$2,698,900 |
1 |
$300,000 |
11 |
$13,422,900 |
Miscellaneous |
0 |
$0 |
0 |
$0 |
0 |
$0 |
0 |
$0 |
- end -
For more information, contact:
Rachelle Trepanier
Inspections & Licensing department
The City of Red Deer
403-309-8513
|
