MAY 2017 – BUILDING PERMITS UPDATE
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Permit values increased in all three sectors in Thunder Bay in September-February period, while total ICI permit values increased by one-third. Industrial permit values doubled compared to the previous September-February period, but only from $1 million to $2 million. Commercial permitting increased by one-quarter. The highest value commercial permit issued was $4.5 million for a commercial office building. After a significant decline last summer, institutional permit values had the most significant increase among the ICI sectors in the September-February period, up 38%. As previous reported post-secondary education is driving activity in Thunder Bay’s institutional sector. Two major post-secondary projects were issued permits in the past six months. In September, a $7.2 million permit was issued for a new wellness centre at Confederation College, and in February a $14.9 million permit was issued for the new Centre for Advanced Studies in Engineering at Lakehead University.
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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