Non-residential construction pace continues

By
Real Estate Sales Representative with iPro Realty Ltd., Brokerage

For the first quarter of 2008, Ontario posted a 3.1% quarterly gain in non-residential construction (2nd only to Alberta) with investment rising to $3.8B.  Toronto and Hamilton led municipalities in investment growth (by dollar value) at $1.9B and $166M, respectively.  Investment in terms of components, provincially:

  • commercial/office up 1.9% to $2.2B (largely attributed to growth in retail and wholesale trade)
  • industrial up to $600M
  • institutional up 5.0% to $1.0B (mostly in health care facilities)

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