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Top 10 and Trend Graph - November 2009

0 192 Market Intelligence

The accompanying table records the 10 largest construction project starts in Canada in November 2009. Also included is the latest trend graph on starts. This looks at 12-month moving totals of the two major non-residential building categories in Canada − total ICI starts and engineering work. ICI stands for industrial, commercial and institutional. There are several reasons for highlighting upcoming large projects. Such jobs have often received a fair amount of media coverage. Therefore, people in the industry are on the lookout for when job-site work actually gets underway. And, as showcase projects, they highlight geographically where major construction projects are proceeding. Also, total construction activity is comprised of many small and medium-sized projects and a limited number of very large developments. But the largest projects, simply by their nature, can dramatically affect total dollar and square footage volumes. In other words, the timing and size of these projects have an outsize-influence on market forecasts.

The accompanying table records the 10 largest construction project starts in Canada in November 2009. Also included is the latest trend graph on starts. This looks at 12-month moving totals of the two major non-residential building categories in Canada − total ICI starts and engineering work. ICI stands for industrial, commercial and institutional. There are several reasons for highlighting upcoming large projects. Such jobs have often received a fair amount of media coverage. Therefore, people in the industry are on the lookout for when job-site work actually gets underway. And, as showcase projects, they highlight geographically where major construction projects are proceeding. Also, total construction activity is comprised of many small and medium-sized projects and a limited number of very large developments. But the largest projects, simply by their nature, can dramatically affect total dollar and square footage volumes. In other words, the timing and size of these projects have an outsize-influence on market forecasts.

Top ten projects of the month - November 2009
REGION
(East to
West)
TYPE OF
CONSTRUCTION
DESCRIPTION Sq. Ft.
000s
  Dollars
000,000s
Québec
Québec Commercial Siège Sociale La Capitale Groupe Financier 250 $80
(10 storeys; 1 structure), 625 rue St-Amable, will be LEED Certified
La Capitale Siège Sociale
 
Candiac Engineering A-30, secteur Jean-Leman (Highway 30) * $61
Ministère des Transports du Québec
           
Ontario:   
Toronto Engineering Spadina Subway Extension, Downsview * $142
Station Connection to Wilson Yard
    Toronto Transit Commission    
         
Toronto Commercial 222 Jarvis Street Office Building 450 $100
and Garage
(2 storeys; 1 structure), 222 Jarvis Street, will be LEED Gold Certified
Ontario Realty Corp
         
Etobicoke Residential Market Wharf Condominium and 250 $90
Retail Building
(35 storeys; 425 units; 1 structure),
1 Market Street
Context Development Inc.
         
Markham Residential Eden Park Towers Condominium 500 $56
and Townhouses
(13 storeys; 672 units; 10 structures),
South Park Road, Leitchroft Crescent
Times Group Corporation
           
Saskatchewan
Saskatoon Institutional Academic Health Sciences (AHSP) E-Wing 280 $83
(6 storeys; 1 structure),
105 Administration Place
University of Saskatchewan
           
Alberta  
Wood Buffalo Engineering Sunrise Oil Refinery * $300
Husky Energy Inc.
           
British Columbia
Vancouver Engineering Port Mann Bridge-Gateway Project * $2,460
British Columbia Ministry of Transportation
 
Saanich Commercial Uptown Shopping Centre, Phase 1B 550 $60
(2 storeys; 7 structures), 3555 and 3613 Douglas Street, 3940 Saanich Road,
will be LEED Gold Certified
Morguard Investments Ltd.
TOTALS:     2,280   $3,432
*A square footage measure does not apply for alteration and engineering work.
Trend lines of construction starts in Canada – November 2009
Moving totals of the latest 12 months* (CanaData Figures)
Canada
*For example, the November 2009 figure is the sum of the monthly figures for December 2008 through November 2009
ICI is the sum of industrial, commercial and institutional.
The prominent jumps in the engineering curve reflect such mega project starts as Horizon Oil Sands work in Alberta (March 2005), the Canada Line LRT project between Richmond and Vancouver in B.C. (January 2006), the Eastmain 1-A hydroelectric power project in northern Québec (June 2007) and the Port Mann bridge in B.C. (November 2009).
Data source and chart: Reed Construction Data – CanaData.

by RCD Project Research

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