News

Top 10 and trend graph-October 2012

0 4805 Market Intelligence

The accompanying table records the 10 largest construction project starts in Canada in October 2012. 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 October 2012. 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 - October 2012
REGION
(East to
West)
TYPE OF
CONSTRUCTION
DESCRIPTION
Sq. Ft.
000s
Dollars
000,000s
Quebec:
Montréal Residential District Griffin phases trois et quatre 400 $130
(20 storeys; 284 units; 2 structures), rue Peel au nord de la rue Wellington
Devimco Inc, Fonds immobil de solidar FTQ
         
Ontario:
Durham Region Engineering Highway 407 East * $1,000
Infrastructure Ontario
         
Markham Commercial Markham Pan Am Centre 148 $59
(2 storeys; 1 structure), 16 Main Street, will be LEED Certified
Pan Am Toronto
         
Windsor Commercial Integrated Parking and Innovation Centre 334 $59
(7 storeys; 2 structures), 2455 Wyandotte Street West
University of Windsor
         
Trenton Institutional Canadian Forces Land Advanced Warfare Centre 140 $36
(2 storeys; 1 structure), CFB Trenton
Defense Construction Canada
         
Etobicoke Residential Triumph Condominium, One Valhalla Condominium, Phase Three 215 $31
(30 storeys; 280 units; 1 structure), 1 Valhalla Inn Road
Edilcan Construction Corporation
         
Ottawa Engineering Trim Road Realignment * $30
City of Ottawa
         
Saskatchewan:
Swift Current Institutional St Patrick, St Joseph Integrated School 123 $41
(2 storeys; 1 structure), Douglas Drive and Saskatchewan Drive,
will be LEED Certified
Holy Trinity Catholic School Division No. 22, Chinook
School Division No. 211
         
Alberta:
Wood Buffalo Commercial South Operations Centre 65 $36
(1 storey; 1 structure), 168 Airport Road, will be LEED Certified
Regional Municipality of Wood Buffalo
         
British Columbia:
North Vancouver Institutional Lions Gate Hospital, Hope Centre Mental Health Facility 150 $39
(2 storeys; 1 structure), 1337 St Andrew/'s Avenue
Vancouver Coastal Health Authority
         
TOTALS:     1,575 $1,461

*A square footage measure does not apply for alteration and engineering work.
Trend lines of construction starts in Canada – October 2012
Moving totals of the latest 12 months* (CanaData Figures)
Trend lines of construction starts in Canada – October 2012
*For example, the October 2012 figure is the sum of the monthly numbers for November 2011 through October 2012.
†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. In March 2012, Alcan/'s modernization project in Kitimat was initiated.
Data source and chart: Reed Construction Data – CanaData.

by Alex Carrick

Leave a comment

Or register to be able to comment.