SEPTEMBER 2016 – BUILDING PERMITS UPDATE
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Permit values fell in all three of Hamilton’s ICI sectors compared to last year’s January-July period. Overall ICI permit values were down by half. The industrial sector saw the most significant decline, with permit values down 80%. Industrial permit values now make up less than 5% of Hamilton’s total ICI value. This was the smallest proportion of industrial permits in Hamilton since Statistics Canada’s records began in 1957. Institutional permits fell 64% despite several permits being issues for school projects, and projects at McMaster University and Mohawk College. Commercial permit values had a slight decline of 8%.
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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