City’s building permit values down, but outlook for future is improving

Red Deer’s monthly building permit values remain below the last year’s tallies, but the gap appears to be narrowing.

Red Deer’s monthly building permit values remain below the last year’s tallies, but the gap appears to be narrowing.

The city reported on Monday that it approved $10.2 million worth of construction work last month, down from $11.9 million in May 2008.

Although $2.2 million of this year’s figure relates to an addition and renovations at Aspen Heights School, the all-important residential category provides reason for optimism.

The city issued 32 permits valued at a combined $4 million for single-family homes last month. A year ago, there were 27 permits for single-family homes, with these worth $2.9 million.

The total value of permits approved for all types of residential work last month was $6.5 million, as compared with $8.8 million in May 2008.

“Overall housing construction values remain lower than last year but the month of May seems to show that the economy is rebounding from its slow start,” said Joyce Boon, development and licensing supervisor with the city.

Commercial projects accounted for $960,000 in May, down from $2.8 million last year. Industrial permits totalled $92,000, versus $295,000 a year ago, and public work produced $2.7 million in permits, as compared with none last year.

Other big permits approved last month included one for $450,000 to Servus Credit Union for work on half of the seventh floor of the Millennium Centre. Servus is moving some of its administrative operations to the 4909 49th St. building.

The total value of permits issued during the first five months of this year was $45.6 million, down 48 per cent from the $88.5 million in work approved by the city to the same point last year.

Cumulative residential permits this year have reached $22.8 million, a 61 per cent slide from the $58.4 million as of May 31, 2008.

In the case of permits for commercial work, this year’s figure of $8.6 million is down 63 per cent from the May 2008 tally of $23.4 million.

Industrial permit values this year are up to $47,000, which is 80 per cent lower than the $3.8 million approved during the first five months of 2008.

Public projects make up the one category in which 2009 building permits exceed the corresponding number from 2008. At $13.4 million, this year’s figure is more than four times the $3 million in public work approved last year.

Just Posted

Flu immunization now available in Red Deer

Free vaccine to Albertans six months and older

Windows smashed at three Red Deer businesses

Red Deer RCMP arrest man after vandalism spree

Schizophrenia a misunderstood illness, an Alberta expert says

Schizophrenia Society of Alberta campaign kickoff features TSN’s Michael Landsberg in Central Alberta

WATCH: Collecting coats and donations from drivers in Red Deer

Central Albertans made donations to keep children warm and neighbourhoods safe from… Continue reading

PHOTO: Fall Harvest Festival in Red Deer’s West Park

The West Park Community Association hosted the Fall Harvest Festival near West… Continue reading

WATCH: Blackfalds Fire teaches families about fire safety

An open house was held Saturday in support of Fire Prevention Week

Canada gets into Women’s World Cup with 7-0 win over Panama

FRISCO, Texas — Christine Sinclair isn’t concerned about chasing records. She’s set… Continue reading

Baldwin urges ‘overthrow’ of Trump government via voting

MANCHESTER, N.H. — Actor Alec Baldwin followed up his latest parody portrayal… Continue reading

Prince Harry and Meghan expecting their 1st child in spring

CANBERRA, Australia — Prince Harry and his wife, the Duchess of Sussex,… Continue reading

Sears files for Chapter 11 amid plunging sales, massive debt

NEW YORK — Sears filed for Chapter 11 bankruptcy protection Monday, buckling… Continue reading

Doctors to debate medical pot as more patients expected to ask for prescriptions

VANCOUVER — Doctors with opposing views on whether medical marijuana should be… Continue reading

Halifax smoking ban begins today; city announces several new smoking areas

Halifax’s sweeping smoking ban begins today, two days before recreational cannabis is… Continue reading

Canadians widely unaware of accomplishments of famous women, poll suggests

TORONTO — The organization behind Canada’s Heritage Minutes says provincial education systems… Continue reading

Five things about what’s legal and what’s not in Canada’s new pot law

OTTAWA — Canada’s new law legalizing recreational cannabis goes into force on… Continue reading

Most Read