February 16, 2006
ICI to lead growth in city of Ottawa
As Ottawa’s construction industry prepares to break ground on the highly anticipated light-rail expansion project, expectations are running high for the performance of the nonresidential sector this year.
“The big story of 2005 is the shift in construction activity from the residential sector to the industrial/commercial/institutional sector,” says John DeVries, president and general manager of the Ottawa Construction Association.
“As housing is cooling off, the nonresidential sector is stepping in to fill the void and that is good news for our industry and our members.”
That’s the message to be delivered today as DeVries addresses the Ottawa Construction Association’s annual general meeting at the Centurion Centre.
DeVries will also speak about the state of the local nonresidential sector and offer the association’s projections for the year ahead.
Last year, thanks to a surge in commercial and institutional construction intentions, building permit totals exceeded $1.8 million for the first time in the city’s history.
DCN NEWS SERVICES
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