Laebon Developments Inc.’s new 2020 Condominiums

Building permit values continue to lag

Building permit values, considered to be a strong indicator of future construction, continue to lag behind last year’s figures in Red Deer. The city announced on Wednesday that it approved $15.1 million worth of work in August, down from $19.0 million for the same period in 2013. Residential projects accounted for $9.0 million of last month’s total, virtually unchanged from one year earlier.

Building permit values, considered to be a strong indicator of future construction, continue to lag behind last year’s figures in Red Deer.

The city announced on Wednesday that it approved $15.1 million worth of work in August, down from $19.0 million for the same period in 2013.

Residential projects accounted for $9.0 million of last month’s total, virtually unchanged from one year earlier. Industrial permits added $3.5 million, as compared with $8.2 million in August 2013; and commercial construction contributed $2.6 million, up from $468,000 one year ago. Permits for public projects accounted for $5,000 of the August 2014 tally, down from $1.4 million.

Among the bigger permits issued last month was one valued at $5 million for a new apartment building being constructed at 31A Timberstone Way by Laebon Developments Inc.

During the first eight months of 2014, the combined value of building permits approved by the City of Red Deer was $114.9 million, which represented a 32 per cent drop from the $169.0 million worth of permits issued from January to August in 2013. While the value of residential construction approved increased to $77.6 million from $71.4 million, the year-to-date tallies were down in every other category. Commercial permit values fell to $13.3 million from $41.7 million, industrial permits slipped to $23.5 million from $39.8 million, and the value of approvals for public projects was down to $560,000 from $36.0 million.

However, Erin Stuart, a development and licensing supervisor with the city, said there appears to be a large volume of construction projects on the horizon.

“We continue to see positive signs of growth, with the value of building permits in-process increasing to over $125 million from the $80 million reported in June,” she said.

Just Posted

Red Deer man says more cardiac care needed here

Ryan Gillies spent several extra days in hospital waiting to get a stent in Edmonton

Red Deer gets ready for CFR 45

A $20 to $25-million annual injection to the local economy

Former Red Deer teacher going to trial on child porn charges

Charges were laid in January 2017 after a woman came forward

Red Deer agency reports more than 1,000 lives saved with naloxone

Turning Point distributes 5,855 naloxone kits

WATCH: Ponoka residents enjoy first skate on ice path

A community initiative helped create a skate path for families in Ponoka.

Giddy up: Red Deer to host Canadian Finals Rodeo in 2018

The CFR is expected to bring $20-30 million annually to Red Deer and region

Got milk? Highway reopened near Millet

A southbound truck hauling milk and cartons collided with a bridge

Stettler’s newest residents overcame fear, bloodshed to come here

Daniel Kwizera, Diane Mukasine and kids now permanent residents

Giddy up: Red Deer to host Canadian Finals Rodeo in 2018

The CFR is expected to bring $20-30 million annually to Red Deer and region

Ice dancers Virtue and Moir to carry flag at Pyeongchang Olympics

Not since Kurt Browning at the 1994 Lillehammer Games has a figure… Continue reading

Beer Canada calls on feds to axe increasing beer tax as consumption trends down

OTTAWA — A trade association for Canada’s beer industry wants the federal… Continue reading

Central Albertans recall Hawaii’s false missile alert

Former Red Deer councillor Paul Harris was hanging out at the Ka’anapali… Continue reading

Most Read


Five-day delivery plus unlimited digital access for $185 for 260 issues (must live in delivery area to qualify) Unlimited Digital Access 99 cents for the first four weeks and then only $15 per month Five-day delivery plus unlimited digital access for $15 a month