Though fewer building permits were issued in 2016 in Red Deer, the total value of permits was up by almost $15 million.
On the strength of public sector and commercial building permits, Red Deer’s total building permit value increased to $247.45 million in 2016, up from $232.58 million in 2015.
Residential and industrial permits fell this year compared to last with residential dropping from 1,063 to 795 and industrial dropping 85 to 29. The value of the permits also dropped as residential fell from $75.39 million in 2015 to $44.27 million in 2016, industrial fell from $34.98 million in 2015 to $8.76 million this year.
Commercial and public permits picked up the slack for the community. Commercial permits increased from 178 in 2015 to 212 in 2016, while rising in value from $31.06 million to $81.95 million.
Public sector permits increased from 37 in 2015 to 42 in 2016, while values rose from $91.13 million to $112.46 million.
According to a City of Red Deer release, industrial permits were bolstered in December with a $2 million upgrade to Olymel’s sprinkler system.