Big decline in building permits

  • Oct. 5, 2010 8:49 p.m.

The value and number of total building permits in Red Deer last month plummeted compared to figures released a year earlier.

Last month the City issued a total of 89 building permits of all types with an estimated total value of $6.1 million. That compares to 214 total building permits worth an estimated $12.2 million that was recorded in September, 2009.

For the first nine months of 2010 the City has issued a total of 1,043 building permits of all types. The estimated value is $89.7 million. During the same period of 2009 the City issued 1,406 building permits of all types. The estimated value was $105.9 million.

Figures for the residential sector were dramatically down last month compared to September, 2009.

Last month the City issued 79 residential building permits compared to 201 a year earlier. The estimated value last month was $4.5 million – a more than 50% decrease compared to the $9.6 million estimated value in September, 2009.

For the first nine months of 2010 the City has issued a total of 909 residential building permits worth an estimated $54.9 million. During the same period in 2009 the City issued a total of 1,240 residential building permits worth an estimated $57.3 million.

However, in the commercial sector the City improved last month over figures released a year earlier. Last month the City issued six commercial building permits worth more than $1 million. In September, 2009 the City also issued six commercial building permits. The estimated value was $472,000. For the first nine months of 2010 the City issued a total of 97 commercial building permits worth an estimated $16.7 million. For the same period in 2009 the City issued 114 commercial building permits worth an estimated $16.3 million.

In the industrial sector the City issued two building permits last month worth an estimated $123,000. In September of 2009 the City issued five industrial building permits worth $657,200. For the first nine months of 2010 the City issued a total of 28 industrial building permits worth an estimated $9.4 million. For the same period in 2009 the City also issued 28 industrial building permits but the value was only $1.6 million.

In the public sector the City issued two building permits last month worth $419,150. A year earlier the City also issued two permits. They were worth just over $1.4 million. For the first nine months of 2010 the City has issued a total of nine public building permits worth an estimated $8.6 million. For the same period in 2009 the City issued 24 public building permits worth almost $30.7 million.

Bachusky

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