NOVEMBER 2017 – BUILDING PERMITS UPDATE
Total ICI permit values in the GTA are up 10% compared to last year’s third quarter. Over the first three quarters of 2017, ICI permit values have for the first time surpassed $6 billion. The GTA’s Q3 institutional permit values increased by nearly two-thirds compared to the third quarter of 2016. Industrial permit values, which recovered in Q2, had another strong quarter, increasing by 30% in Q3 year-over-year. Permit values in both the institutional and industrial sectors in the GTA in the first three quarters of 2017 have already surpassed their 2016 annual totals. Commercial permit values, although down 13% compared to Q3 2016, have now been above $1 billion in the GTA for five consecutive 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