SEPTEMBER 2016 – BUILDING PERMITS UPDATE
Guelph’s ICI industry saw a 10% overall increase in permit values compared to the January-July period last year. Commercial and institutional permit values both increased by about 80%. Guelph’s commercial sector now makes up 59% of total ICI permit values. This means that Guelph now has the largest commercial sector by percentage size in Central Ontario. A variety of retail and office projects were behind Guelph’s commercial sector growth. A new community centre and several projects at the University of Guelph led the institutional increase. These significant commercial and institutional increases were offset by a 65% decline in industrial permit values.
FOR MORE INFORMATION, CONTACT:
Ontario Construction Secretariat (OCS)
180 Attwell Drive, Suite 360, Toronto, ON M9W 6A9
P 416.620.5210 ext. 241