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Building permit values continue decrease in April

May 9, 2023 1:30 PM
(Red Deer, Alberta)

Building permit values decreased in April, with 77 approved permits valued at $5.2 million, compared with 85 permits issued in April 2022 worth $6.5 million.

Year-to-date values remain lower in 2023, with current values at $27 million compared with $43 million last year.

Notable permits include:

  • Building permit to construct new, free standing Triple O restaurant with drive thru at 130-3115 50 Avenue, valued at $1 million.
  • Building permit to install five paint booths and two make up air units at 6767 Golden West Avenue, valued at $700,000.
  • Building permit for addition, renovation and modernization of Hunting Hills High School at 150 Lockwood Avenue, valued at $223,000.
  • Building permit to construct new single detached dwelling with front attached garage and rear deck at 47 Thayer Close, valued at $185,713.
  • Building permit to construct new single detached dwelling with unfinished basement at 444 Timberlands Drive, valued at $167,000.
  April 2023 April 2022 Jan - April 2023 Jan - April 2022
RED DEER Permits Est. Value Permits Est. Value Permits Est. Value Permits Est. Value
TOTAL 77 $5,246,995 85 $6,509,932 297 $27,261,610 239 $43,185,716
COMMERCIAL 13 $1,440,200 26 $3,442,466 70 $12,458,077 65 $17,131,375
INDUSTRIAL 4 $725,000 2 $382,037 11 $1,259,000 8 $536,037
PUBLIC SERVICE 3 $383,031 9 $517,400 13 $2,032,831 16 $18,306,400
RESIDENTIAL 57 $2,698,763 48 $2,168,029 203 $11,511,702 150 $7,211,904
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