APRIL 2017 – BUILDING PERMITS UPDATE
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Brantford’s ICI industry had more growth in ICI permit activity in the past six months than any other metropolitan area in Central Ontario. Total ICI permit values more than doubled compared to the previous August-January (2015-16) period. At just under $100 million, Brantford’s permit values over the past six months also amounted to more than the previous twelve months combined. Institutional permit values declined by 82% to less than one million dollars over the past six months. Institutional permits also amounted to only 1% of total ICI activity over the past six months. Industrial permit values were down by about one-quarter.
Brantford’s permit activity was driven by a new YMCA facility at Brantford’s Wilfrid Laurier campus, which was issued a $59 million permit in December. Although this project was a joint partnership between YMCA and Wilfrid Laurier University, it’s been classified as a commercial project. This contributed to an increase in commercial permit values of nearly 500% – up to $78 million from $13 million previously.
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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