NOVEMBER 2017 – BUILDING PERMITS UPDATE
After two quarters of decline, total ICI permit values in Southwestern Ontario increased by 24% in Q3 year-over-year. The increase was primarily driven by an 83% increase in industrial permit values. Industrial permit values increased significantly in both the London and Windsor-Sarnia areas. Commercial and institutional permit values both declined for the third consecutive quarter. Southwestern Ontario’s commercial permit values only decreased slightly, down 3%. Beneath the surface, the Windsor-Sarnia area actually had a significant increase in commercial permit values compared to last year’s third quarter, while the London area had a significant decrease. Institutional permit values in Southwestern Ontario declined by 31%.
The Southwestern Region includes: London, Sarnia, and Windsor
FOR MORE INFORMATION, CONTACT:
Ontario Construction Secretariat (OCS)
180 Attwell Drive, Suite 360, Toronto, ON M9W 6A9
P 416.620.5210 ext. 241