News

Top 10 and trend graph-January 2012

0 3055 Market Intelligence

The accompanying table records the 10 largest construction project starts in Canada in January 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 January 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 - January 2012
REGION
(East to
West)
TYPE OF
CONSTRUCTION
DESCRIPTION
Sq. Ft.
000s
Dollars
000,000s
Quebec:
Montréal Residential St. Ann-District Griffin, Phase Deux 650 $131
(14 storeys; 768 units; 5 structures), quadrilatère des rues Basin, de Séminaire, Ottawa et Rioux
Devimco Inc, Fonds immobilier de solidarité de la FTQ 
     
Montréal Commercial Centre de Transport Stinson à St-Laurent 414 $90
(2 storeys; 1 structure), rue Stinson, will be LEED Certified
Bureau des approvisionnements de la Société de transport de Montréal 
         
Bromont Residential Parc sur rivière Apartment Buildings and Townhouses, Phase Deux 300 $70
(4 storeys; 216 units; 36 structures), aux abords de la
rivière Yamaska
Parc sur rivière    
         
Ontario:
Toronto Institutional Humber River Regional Hospital 1,700 $307
(14 storeys; 656 units; 1 structure), Keele Street and Wilson Avenue, will be LEED Certified
Humber River Regional Hospital
         
York Engineering Weston Tunnel Grade Separation, Phase 3 * $189
GO Transit
         
Belleville Institutional Quinte Consolidated Courthouse 170 $38
(6 storeys; 1 structure), 194 Coleman Street, will be LEED Certified
Infrastructure Ontario
         
Alberta:  
Wood Buffalo Engineering Jackfish 3 In Situ Oil Sands Project * $1,200
Devon NEC Corporation
         
British Columbia:
Mica Creek Village Engineering Mica Generating Station, Units 5 and 6 * $800
Columbia River, near Revelstoke
BC Hydro & Power Authority
         
Peace River
Regional District
Engineering Nexen Horn River Gas Plant Expansion
NE of Kotcho Lake
* $200
Nexen Incorporated
         
Vancouver Commercial MNP Tower
(36 storeys; 2 structures), 1021, 1055 and 1075 West Hastings Street, will be LEED Certified 296 $57
Oxford Properties Group
         
TOTALS:     3,530 $3,082

*A square footage measure does not apply for alteration and engineering work.
Trend lines of construction starts in Canada – January 2012
Moving totals of the latest 12 months* (CanaData Figures)
Trend lines of construction starts in Canada – January 2012
*For example, the January 2012 figure is the sum of the monthly numbers for February 2011 through January 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.
Data source and chart: Reed Construction Data – CanaData.

by Alex Carrick

Leave a comment

Or register to be able to comment.