|
March 1, 2010
(Red Deer, Alberta) – Residential permit values are up by approximately $2.2 million this month, with 76 permits issued at a value of $5.5 million. In comparison, last February there were 53 permits issued at a value of $3.3 million. Contributing to the increased residential statistics this month are semi-detached building projects and single family construction.
Year-to-date building permit values reveal a 17.6% increase from 2009. Total February building values show an approximate 6% increase from 2008 and a 19.7% increase from 2009.
A commercial building permit was issued to Forzani Group Ltd. at a construction value of $350,000 for interior renovations at 300, 5001 19 Street.
The statistics show that the residential housing market is continuing to show growth in the first two months of 2010. “If ongoing development discussions translate into development permits, we should see a strong year in 2010,” said Paul Meyette, Planning Director for The City of Red Deer.
Monthly permit statistics will be posted on The City’s website at www.reddeer.ca/inspections.
Value of building permits |
|
|
February 2010 |
February 2009 |
January 2010 –
February 2010 |
January 2009–
February 2009 |
Permits |
Est. value |
Permits |
Est. value |
Permits |
Est. value |
Permits |
Est. value |
Red Deer |
92 |
$6,465,110 |
67 |
$5,400,248 |
184 |
$13,551,254 |
167 |
$11,522,686 |
Residential |
76 |
$5,531,400 |
53 |
$3,306,598 |
154 |
$11,209,834 |
134 |
$7,096,506 |
Commercial |
13 |
$883,610 |
11 |
$1,799,650 |
23 |
$1,771,320 |
22 |
$3,707,180 |
Industrial |
3 |
$50,100 |
1 |
$120,000 |
6 |
$270,100 |
8 |
$495,000 |
Public |
0 |
$0 |
2 |
$174,000 |
1 |
$300,000 |
3 |
$224,000 |
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
|
