Building permit values decrease slightly in August

Officials with the City of Red Deer say building permit values decreased in August, with 124 approved permits valued at $23.2 million, compared with 97 permits issued in August 2022 worth $23.4 million.

Year-to-date values remain lower in 2023, with current values at $68.2 million compared with $129.2 million last year.

City officials say notable permits include:

• Building permit for construction of a new KIA vehicle dealership at 2949 50 avenue, valued at $8.7 million
• Building permit for redevelopment of special event centre at 120-3310 50 Avenue, valued at $6.3 million
• Building permit for construction of new building at 4925 30 Street, valued at $1.9 million
• Building permit for office renovation and replacement of fire alarm system at 70 Queens Drive, valued at $700,000
• Building permit for addition of security room and covered entrance vestibule at 100-3310 50 Avenue, valued at $700,00
  

  Aug 2023	Aug 2022	Jan – Aug 2023	Jan – Aug 2022
  Permits	Est. Value	Permits	Est. Value
  TOTAL	124	$23,177,771	97
  COMMERCIAL	23	$18,428,796	15
  INDUSTRIAL	6	$1,082,500	1
  PUBLIC SERVICE	7	$335,880	9
  RESIDENTIAL	88	$3,330,594	72