By rdnewsNOW staff

Slowed Activity

Building permit values down in February

Mar 6, 2020 | 9:27 AM

Building permit values in the city of Red Deer were down in February, dropping from an estimated $20 million in February 2019 to $4.5 million last month.

City officials say 52 permits were issued in February, compared with 70 permits issued in February 2019.

Year-to-date totals are approximately $25 million lower than the same period last year. January-February 2020 has seen $40 million in permits issued, compared to $65 million during the same period last year.

Notable permits for the month of February include the re-demising of an existing unit into additional retail units, removal of an existing exterior entrance and installation of two new exterior unit entrances at Bower Place Shopping Centre, valued at $800,000.

Interior renovations to an office in Edgar Industrial Park, valued at $425,000, the installation of a diesel extraction system at Fire Hall #1, valued at $347,341, and interior renovations at the RCMP Red Deer South Detachment, valued at $259,000 are other notable highlights, plus interior renovations to accommodate a retail shoe store at Parkland Mall.

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Monthly permit statistics are available on The City’s website at: Red Deer Open Data Catalogue.

(Source: City of Red Deer)