ICI Building Permit Values exceed 5 year high (Ontario Construction Secretariat)

ICI permit values in Ontario ended 2021 at an all-time annual high at $15.9 billion, just edging past the previous high from 2019. ICI permit values increased by 8.0% compared to 2020 (+$1.18 billion).

Permit values increased overall in 2021 in all three ICI sectors in Ontario. Industrial permit values increased by 20.7% (+$578 million) compared to 2020, while institutional permit values increased by 14.2% (+$419 million). In the commercial sector, 2021 permit values were up by 2.1% over 2020, an increase of $185 million.

It should be noted that some of the major increases or decreases at the metro level are knock-on effects of unusual numbers in 2020.

For more information, including regional permitting levels, please visit the Ontario Construction Secretariat Website