April 8, 2022 11:17 AM
(Red Deer, Alberta)Building permit values dropped in March, with 67 approved permits valued at $9.5 million, compared with 97 permits issued in March 2021 worth $13 million.
Year-to-date building permit values remain higher in 2022, with current values at $36 million compared with $19 million last year.
Notable permits include:
- Building permit for a new commercial building that includes areas for merchandise sales, a private school, and day care facility at 2827-2101 30 Avenue, valued at $2.8 million
- Building permit for interior and exterior renovations to existing industrial building at 4738 Riverside Drive, valued at $2.5 million
- Building permit for tenant improvements, including construction of fitness space with washrooms, offices, and childcare, at A05-4900 Molly Banister Drive, valued at $1.2 million
- Building permit for construction of new single-family detached dwelling with attached garage and deck at 34 Veronica Close, valued at $191,641
- Building permit for construction of a new single-family detached dwelling with attached garage and uncovered deck, valued at $184,690
| Mar 2022 | Mar 2021 | Jan - Mar 2022 | Jan - Mar 2021 | |||||
| RED DEER | Permits | Est. Value | Permits | Est. Value | Permits | Est. Value | Permits | Est. Value |
| TOTAL | 67 | $9,597,515 | 97 | $13,156,588 | 155 | $36,695,344 | 209 | $19,625,371 |
| COMMERCIAL | 15 | $6,988,129 | 23 | $7,152,119 | 39 | $13,688,909 | 58 | $10,062,308 |
| INDUSTRIAL | 1 | $6,000 | 1 | $5,200 | 6 | $154,000 | 8 | $265,820 |
| PUBLIC SERVICE | 1 | $110,000 | 7 | $1,716,344 | 7 | $17,789,000 | 13 | $1,944,044 |
| RESIDENTIAL | 50 | $2,493,386 | 66 | $4,282,925 | 103 | $5,063,435 | 130 | $7,353,200 |
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