Despite a dramatic loss in April, Statistics Canada reported that ICI investment in the January-May period in Ontario was almost exactly the same as the same period in 2019. The Ontario Construction Secretariat analyzed the data in July. Pictured: an office-industrial complex from Dazz Group underway on King Road in Burlington, Ont.

Volatile ICI building permit stats puzzle OCS

Recent construction statistics showing a cratering in the value of ICI building permits in June are not necessarily cause for alarm says Katherine Jacobs, director of research for the Ontario Construction Secretariat (OCS). Reporting Aug. 11 on recent Statistics Canada data, the OCS found that Ontario’s ICI permit values declined by 18 per cent in … Continue reading Volatile ICI building permit stats puzzle OCS

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