April 3, 2024 3:57 PM
(Red Deer, Alberta)Building permit values increased in March, with 86 approved permits valued at $4 million, compared with 61 permits issued in March 2023 worth $3 million.
Year-to-date values are lower in 2024, with current values at $16 million, compared with $22 million at this time last year.
Notable permits include:
- Building permit for renovations to existing commercial building at B4 2319 Taylor Drive, valued at $550,000
- Building permit for exterior renovations at 5550 45 Street, valued at $370,000
- Building permit for interior renovations at 4-5239 53 Avenue, valued at $301,000
- Building permit for construction of a new single family detached dwelling with front attached garage, rear deck and developed basement at 54 Thayer Close, valued at $247,711
- Building permit for construction of a new single family detached dwelling with front attached garage, rear deck and developed basement at 11 Thorne Place, valued at $244,770.
| March 2024 | March 2023 | Jan - Mar 2024 | Jan - Mar 2023 | |||||
| RED DEER | Permits | Est. Value | Permits | Est. Value | Permits | Est. Value | Permits | Est. Value |
| TOTAL | 86 | $4,068,792 | 61 | $3,128,418 | 225 | $16,172,452 | 220 | $22,014,615 |
| COMMERCIAL | 13 | $1,443,694 | 22 | $886,462 | 46 | $6,629,736 | 58 | $11,018,877 |
| INDUSTRIAL | 4 | $246,000 | 2 | $31,000 | 6 | $3,751,000 | 7 | $534,000 |
| PUBLIC SERVICE | 7 | $782,000 | 4 | $502,800 | 17 | $1,873,000 | 9 | $1,648,800 |
| RESIDENTIAL | 62 | $1,597,098 | 33 | $1,761,157 | 156 | $3,918,715 | 146 | $8,812,938 |
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