FEBRUARY 2018 – BUILDING PERMITS UPDATE
Eastern Ontario’s ICI permit values had a strong finish to 2017, up 81% overall in the fourth quarter year-over-year. The region’s Q4 industrial permit values more than doubled led by a new $60 million baby formula facility in Kingston. Commercial permit values increased by 71% in the fourth quarter while institutional permit values were up by 62% in Q4 led by a $35 million permit for continued renovation work on DND’s new headquarters.
For 2017 overall, ICI permit values in Eastern Ontario increased by 9% compared to the previous year. The institutional sector was the only one in Eastern Ontario to see an increase, up 87% over 2016. Industrial permit values declined by less than one percent in the year, while commercial permit values fell by 13% to the sector’s lowest annual total in eight years.
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