OCTOBER 2017 – BUILDING PERMITS UPDATE
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Ottawa’s total ICI permit values declined by 18% in this year’s January-July period compared to the same period in 2016. Industrial permit values had the most significant change, down 77%, although this has more to do much higher than normal permit activity because of Ottawa’s LRT project. If 2016 is excluded, Ottawa’s industrial permit values in January-July 2017 are actually above average among the years since the recession. Commercial permit values in Ottawa declined as well, dropping 14% compared to last year. Institutional permit values increased by 5%, with activity driven by DND’s fit-up of it’s new headquarters at the old Nortel campus.
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FOR MORE INFORMATION, CONTACT:
Ian Worte
Research Analyst,
ianw@iciconstruction.com
Ontario Construction Secretariat (OCS)
180 Attwell Drive, Suite 360, Toronto, ON M9W 6A9
P 416.620.5210 ext. 241
F 416.620.5310