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Building permit values slow in May

June 11, 2018 11:00 AM
(Red Deer, Alberta)

Building permits slowed down in May and dropped from an estimated $15 million in May 2017 to $9 million last month.

Year-to-date building permits continue to rise in value over 2017 for the first five months of the year in Red Deer. So far this year, total permits have been valued at $91.4 million compared to $49.1 million last year at this time.

Industrial permits took a strong leap over last year's values, with residential and commercial values lagging behind.

Notable permits for May include a permit valued at $2 million to re-purpose an existing warehouse at 27251 TWP Rd 391; a permit valued at $734,000 for Trican Services Ltd tenant improvments at 25 Burnt Basin Street; and a $610,000 permit for renovations to the McDonald's restaurant at 2502 50 Avenue.

Monthly permit statistics are available on The City’s website at: Red Deer Open Data Catalogue.

 

Value of building permits
  May 2018 May 2017 January - May 2018 January - May  2017
Permits Est. value Permits Est. value Permits Est. value Permits Est. value
Red Deer 111 $9,055,655 154 $15,011,417 396 $91,364,200 464 $49,056,112
Residential 79 $3,639,628 109 $5,827,022 265 $12,608,047 346 $20,183,122
Commercial 24 $2,221,177 30 $8,128,453 92 $46,923,682 80 $21,602,794
Industrial 8 $3,194,850 7 $303,600 22 $7,046,650 19 $3,781,677
Public 0 $0 8 $752,342 17 $24,786,121 19 $3,488,519

For more information, contact:

Erin Stuart
Inspections & Licensing Manager
The City of Red Deer
403-342-8192 

Communications & Strategic Planning
The City of Red Deer
403-342-8147


 

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