APRIL 2017 – BUILDING PERMITS UPDATE
Total ICI permit values increased slightly in Toronto for the past six months, up 7% since the previous August-January (2015-2016) period. This increase was driven by the recovery of Toronto’s commercial sector which increased by 30% for the August-January (2016-17) period after declining in the first half of 2016. The industrial sector in Toronto has been in decline for the last three quarters, and in the most recent August-January period, permit values were down by almost half. Institutional permit values in Toronto declined by 14%.
FOR MORE INFORMATION, CONTACT:
Ontario Construction Secretariat (OCS)
180 Attwell Drive, Suite 360, Toronto, ON M9W 6A9
P 416.620.5210 ext. 241