OCTOBER 2017 – BUILDING PERMITS UPDATE
London’s total ICI permit values have fallen to the lowest level at this point in the year (through July) since the recession, down 42% compared to this point last year. Institutional permit values saw the biggest decline, down 75% compared to 2016’s January-July period. Although London’s institutional sector was particularly active in the first half of last year, institutional permit values are still at their lowest level at this point in the year in a generation. Commercial permit values in London declined by 12%, while industrial permit values had a 11% increase.
FOR MORE INFORMATION, CONTACT:
Ontario Construction Secretariat (OCS)
180 Attwell Drive, Suite 360, Toronto, ON M9W 6A9
P 416.620.5210 ext. 241