Value of building permits up in October

October’s building permits in Red Deer increased more than 33 per cent in value compared to the same period last year. This is due largely to a commercial permit issued to Premier Building Solutions Ltd., valued at $20 million, for an assisted living facility at 6950 Taylor Dr.

October’s building permits in Red Deer increased more than 33 per cent in value compared to the same period last year.

This is due largely to a commercial permit issued to Premier Building Solutions Ltd., valued at $20 million, for an assisted living facility at 6950 Taylor Dr.

A permit for a new Tim Hortons, located at 108 2325 50th Ave., issued to Dawson Wallace Construction, also contributed to commercial permit values.

Residential construction continued to grow with permit values increasing three per cent over this time last year. The 174 residential permits were valued at $11,998,608, compared to the 126 valued at $11,091,398 in 2013.

Overall last month, the city issued 195 permits to the tune of $37,224,165, compared to the 146 permits valued at $27,867,498 in October 2013.

To date, the city has issued 1,398 permits valued at $167,572,845 with two months left of the year.

In 2013, the city issued 1,334 permits valued at $212,921,064.

Monthly permit statistics are posted on the city’s website at www.reddeer.ca/inspections.

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