Total ICI permit values in Central Ontario’s eight metro areas have increased by almost one-third so far this year, led by the industrial and institutional sectors. Commercial permit values were down in most of the region’s metro areas, held up by a 7% increase in Toronto and significant increases in the St-Catharines-Niagara and Brantford metro areas. Industrial permit values increased by 72% in Toronto and more than doubled in the Kitchener-Cambridge-Waterloo metro area, while also increasing significantly in some smaller markets: Barrie, Oshawa, and St. Catharines-Niagara. Institutional permit values increased by 83% in Toronto, doubled in Kitchener-Cambridge-Waterloo, and increased many times over in Barrie, Brantford, Guelph.
