NOVEMBER 2017 – BUILDING PERMITS UPDATE
Eastern Ontario was the only region in Ontario to see a decline in total ICI permit values in Q3, down 7% compared to 2016’s third quarter. The decline was led by the region’s commercial sector, which saw third quarter permit values drop by over half compared to Q3 2016. Commercial permit values in Eastern Ontario so far this year are down 26% compared to the first three quarters of last year, and are at their lowest point over the first three quarters since the recession in 2009. Institutional permit values in Q3 doubled almost exactly compared to last year’s third quarter. Industrial permit values in Eastern Ontario increased by 6% over Q3 2016, but overall this year, industrial permits are down by 26%.
The Eastern Region includes: Ottawa, Kingston, and Belleville
FOR MORE INFORMATION, CONTACT:
Ontario Construction Secretariat (OCS)
180 Attwell Drive, Suite 360, Toronto, ON M9W 6A9
P 416.620.5210 ext. 241