May 3, 2024 10:39 AM
(Red Deer, Alberta)Building permit values increased in April, with 103 approved permits valued at $35 million, compared with 77 permits issued in April 2023 worth $5.2 million.
Year-to-date values have also increased in 2024, with current values at $51 million, compared with $27 million at this time last year.
Notable permits include:
- Building permit for construction of a new four story, 166-unit apartment complex at 70 Thomlison Avenue, valued at $20.3 million
- Building permit for major interior and exterior renovations at 6375 50 Avenue, valued at $9.8 million
- Building permit for interior renovations at 1-4928 53 Avenue, valued at $2.5 million
- Building permit for construction of new detached single-family dwelling with two storeys and triple car garage at 65 Larratt Close, valued at $305,828
- Building permit for construction of new single family dwelling with attached garage at 32 Emmett Crescent, valued at $200,69
| April 2024 | April 2023 | Jan - Apr 2024 | Jan - Apr 2023 | |||||
| RED DEER | Permits | Est. Value | Permits | Est. Value | Permits | Est. Value | Permits | Est. Value |
| TOTAL | 103 | $35,040,828 | 77 | $5,246,995 | 328 | $51,213,280 | 297 | $27,261,610 |
| COMMERCIAL | 27 | $30,977,346 | 13 | $1,440,200 | 73 | $37,607,082 | 71 | $12,459,077 |
| INDUSTRIAL | 2 | $76,000 | 4 | $725,000 | 8 | $3,827,000 | 11 | $1,259,000 |
| PUBLIC SERVICE | 2 | $2,540,000 | 3 | $383,031 | 19 | $4,413,000 | 12 | $2,031,831 |
| RESIDENTIAL | 72 | $1,447,482 | 57 | $2,698,763 | 228 | $5,366,198 | 203 | $11,511,702 |
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