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Top 10 and trend graph-November 2011

0 2636 Market Intelligence

The accompanying table records the 10 largest construction project starts in Canada in November 2011. 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.

The accompanying table records the 10 largest construction project starts in Canada in November 2011. 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 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 exaggerated influence on market forecasts.

Top 10 projects of the month - November 2011
REGION
(East to
West)
TYPE OF
CONSTRUCTION
DESCRIPTION
Sq. Ft.
000s
Dollars
000,000s
Ontario:
Toronto Engineering West Toronto Diamond Rail-To-Rail Grade Separation * $135
GO Transit
         
Toronto Residential Aura at College Park, Phase Two 1,100 $120
(71 storeys; 932 units; 1 structure), 444 Yonge St at Gerrard St
Canderel Stoneridge Equity Group
         
Toronto Residential Library District Condominiums 500 $61
(29 storeys; 400 units, 2 structures), 36 Bathurst St
Context Development Inc
         
Toronto Institutional Kipling Acres Long Term Care Home 184 $49
(3 storeys; 192 units, 1 structure), 2233 Kipling Ave
City of Toronto
         
Alberta:  
Wood Buffalo Engineering Algar Lake SAGD Oil Sands - Phase 1 * $200
Grizzly Oil Sands
         
Calgary Engineering Roadwork, bridge work, sewer construction * $67
Alberta Transportation
         
British Columbia:
Columbia-Shuswap Engineering Columbia Valley Transmission Project * $209
BC Hydro & Power Authority
         
North Vancouver Residental Local on Lonsdale/Extra Foods 200 $100
(20 storeys; 175 units, 1 structure), 1632 Lonsdale Ave
Anthem Properties
         
Burnaby Residential Metroplace 205 $60
(46 storeys; 354 units, 1 structure), 6451, 6475 & 6479 Telford Ave,
Beresford St
Intracorp Projects Ltd
         
Richmond Commercial Canada Post Vancouver Mail Processing Plant
(1 storey; 1 structure) 700 $56
Vancouver International Airport Authority
TOTALS:     2,889 $1,057

*A square footage measure does not apply for alteration and engineering work.
Trend lines of construction starts in Canada – November 2011
Moving totals of the latest 12 months* (CanaData Figures)
Trend lines of construction starts in Canada – November 2011
*For example, the November 2011 figure is the sum of the monthly numbers for December 2010 through November 2011.
†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 Eastmain 1-A hydroelectric power project in northern Québec (June 2007), the Kearl Oil Sands Project in Alberta (April 2010), the Firebag 4 SAGD Oil Sands project in Alberta (June 2011) and the Voyageur heavy oil processing plant Alberta (August 2011). In May 2010, the ICI curve shot upward due to the McGill University medical centre project in Montreal.
Data source and chart: Reed Construction Data – CanaData.

by Alex Carrick

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