City of Red Deer has issued more building permits this year but the value of the work is done from a year ago.
To the end of October, 923 permits worth $91.2 million were issued, compared with 760 worth $120.9 million in 2020.
The residential sector has had a strong year with 588 permits worth $28 million issued, compared with 507 with $19 million a year ago. October permit numbers cooled a little with 50 permits worth $2.4 million issued. In October 2020, 69 residential permits worth $2.7 million were handed out.
The number of commercial permits is also up with 259 worth $43.9 million issued so far this year, compared with 189 worth $49.7 million a year ago.
The industrial sector has seen a significant drop in the value of projects undertaken. Nineteen permits worth just under $1.1 million have been issued this year, compared with 28 permits worth $21.4 million in 2020.
On the public service side, there’s also a drop in the value of projects although permits were up. Through October, 57 permits worth $18.1 million were issued, compared with 36 permits and $30.6 million a year ago.
Among the notable permits, was one for $485,000 in improvements for a restaurant.