Industrial and Institutional Permit Values Increased by Half in Q3, While Commercial Permit Values Declined

Total ICI permit values increased in all of Ontario’s regions in the third quarter of 2017 year-over-year. Both industrial and institutional permit values increased by over half in Q3, while the province’s commercial permit values declined by 18%. At the regional level, commercial permit values declined in every region except Northern Ontario. Industrial permit values increased in every region year-over-year in a single quarter for the first time in seven years. Institutional permit values declined in Southwestern Ontario but increased by over half in every other region.

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