Ontario Construction Secretariat: Q1 ICI Investment Down in All 3 ICI Sectors in Ontario

Statistics Canada recently released its latest Investment in Building Construction Data. Highlights for Ontario’s ICI sector include:

• Q1 ICI investment in Ontario fell by 7.1% compared to Q1 2021
• Investment in Q1 fell year-over-year in all three ICI sectors, although only slightly in the institutional sector
• Commercial investment in Q1 2022 was on par with the quarterly average for the previous two years
• Q1 institutional investment was the lowest of any quarter in at least the past twelve years

This Bulletin also includes the latest Infrastructure Ontario Market Update and 2022-2025 Business Plan.

Further details and analysis can be found in the full bulletin here.