FEBRUARY 2018 – BUILDING PERMITS UPDATE
Total ICI permit values in the GTA increased by 27% in the fourth quarter year-over-year. Industrial permit values increased by nearly five fold in Q4, accounting for the sector’s highest proportion of the region’s total ICI permit values in a single quarter since Q1 2003. Commercial permit values increased by 8% in the fourth quarter year-over-year. GTA’s institutional permit values had a 27% decline in the quarter.
In 2017 as a whole, the GTA’s ICI permit values increased by 28%, the region’s highest ever annual permit total, surpassing $8 for the first time. Industrial permit values had the biggest percentage increase in the GTA, up 82% overall for the year. Institutional permit values increased by 37%, despite the significant decline in Q4. The GTA’s commercial permit values had the smallest increase, up 14%.
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