Permit values remain steady

Permit values in Red Deer continue to remain steady.

Residential permit values continue to rise showing an increase of 6.3%, as compared to August 2009.

Last month 102 permits were issued at a value of $7.1 million compared to 162 permits issued at a value of $6.7 million in August 2009.

Contributing to this increase was a permit issued to J2K Inc. for the construction of an apartment building at 3715-51 Ave., at a construction value of $1.3 million.

Also, commercial permit values were slightly lower this August as compared to August 2009.

Last month 11 commercial permits were issued at a value of $1.5 million compared to 18 permits issued in 2009 at a value of $5.6 million.

While commercial permit values show a decrease over August, industrial permit values are up $8 million for the year to date, due significantly to a permit issued to Camdon Construction for an addition to Quinn’s Pumps at 4080-77 St., valued at $6.9 million.

Other contributing industrial permits were to Phoenix Construction for an addition to the sandblasting shop for Badger Daylighting at 6740-64 Ave. valued at $405,000 and to CSI Projects Ltd. for office space for Parkland Geo at 4756 Riverside Dr. valued at $400,000.

As well, one public permit was issued at a value of $7,000 compared to four issued in 2009 at a value of $12.9 million.

In August, a total of 117 permits were issued for a value of $8.9 million. This is compared to August 2009 where 186 permits were issued at value of $25 million.

So far this year, 955 building permits have been issued for a value of $83.7 million. This is down from last year’s number where from January to August 1,192 permits were issued for a value of $93.7 million.

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