Building permit values decreased in July, the City of Red Deer revealed on Thursday.
There were 92 approved permits valued at $6 million last month, compared to 85 permits worth $16 million in July 2022.
“Year-to-date values remain lower in 2023, with current values at $45 million compared with $105.7 million last year,” the city stated in a media release.
Notable permits from last month include:
- Construction of foundation for new worship facility at 394 Townsend Street, valued at $1.2 million
- Construction of a truck bay addition at 5410 50 Avenue, valued at $550,000
- Interior renovations for optical retailer and optometrist at 316 4900 Molly Banister Drive, valued at $335,000
- Tenant improvements for dance studio at B2 2319 Taylor Drive, valued at $300,000
- Construction of two modular classroom units at 4210 59 Street, valued at $280,000
July 2023 had 28 commercial permits valued at $1.3 million, five industrial permits valued at $827,000, nine public service permits valued at $2.2 million and 50 residential permits valued at $1.6 million.
Comparatively, July 2022 has the same number of commercial permits, but the value was $9.3 million. Additionally, July last year gas one industrial permit valued at $74,373, five public service permits valued at $4.5 million and 51 residential permits valued at $2.2 million.
Year-over-year, building permit values have decreased in every month of 2023 so far.