Red Deer Advocate file photo

Red Deer residential construction cools off

Residential construction up over 2016 but slowed in March

Residential construction continues to pick up in Red Deer.

In the first three months of the year, 176 permits worth $11.7 million were issued, compared with 127 permits worth $8.6 million in the same quarter in 2016.

In commercial construction, 63 permits worth $17.6 million were issued from January through March, compared with 28 worth just under $7.1 million last year.

In 2016, there were 15 permits for industrial issued to the end of March. This year, not a single permit has been issued.

On a monthly basis, residential construction slowed a little over last year.

City of Red Deer issued 47 residential building permits worth $2.49 million last month, compared with 52 permits worth $2.99 million for the same month a year ago.

On the commercial construction side, 20 permits worth $5.5 million were issued last month. In March 2016, 15 permits worth $12 million were issued.

Overall, 239 permits worth $29.4 million have been issued through March. Last year, 184 permits worth $51.2 million had been issued.

Some of the significant projects in March includes $3.5 million worth of improvements to Great Chief Park to get it ready for the 2019 Canada Winter Games. A recreation facility addition, including a pavilion and garage, an artificial turf field and a skating oval are being built.

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