JUNE 2017 – BUILDING PERMITS UPDATE
The GTA’s ICI permit values in the first quarter increased by only 4% compared to the first quarter of 2016. The commercial sector had the greatest increase, up 19%. Commercial permit values in the GTA have been above the $1 billion mark for three consecutive quarters – something that has only happened once before. In the previous three quarters (Q4 2015 to Q2 2016), commercial permit values were well below $1 billion. Institutional permit values were up by 9% in the first quarter. The GTA’s Industrial permit values declined by exactly half compared to Q1 2016. Industrial permit values have been very low in the GTA for the past two quarters.
The GTA Region includes: City of Toronto, City of Oakville, Durham Region, Peel Region, and York Region
FOR MORE INFORMATION, CONTACT:
Ontario Construction Secretariat (OCS)
180 Attwell Drive, Suite 360, Toronto, ON M9W 6A9
P 416.620.5210 ext. 241