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Top 10 and trend graph-March 2012

0 3351 Market Intelligence

The accompanying table records the 10 largest construction project starts in Canada in March 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 March 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 - March 2012
REGION
(East to
West)
TYPE OF
CONSTRUCTION
DESCRIPTION
Sq. Ft.
000s
Dollars
000,000s
Quebec:
Magog Commercial Le Migrateur Hotel and Residential Development 650 $100
(3 storeys; 400 units; 5 structures), le long de l/'autoroute 112 et de la rue Principale Ouest
Le Migrateur inc
         
Ontario:
Clarington Engineering Clarington Energy Park Solid Waste Facility * $235
Regional Municipality of York
         
Port Hope Engineering Port Hope Solid Waste Management Facility * $150
Low Level Radioactive Waste Management Office
         
Burlington  Engineering Burlington Skyway Wastewater Treatment Plant * $107
Regional Municipality of Halton
         
Toronto Residential X2 Condominium and Retail Building 529 $78
(49 storeys; 552 units; 1 structure), 580 Jarvis Street, will be LEED Certified
Lifetime Developments, Great Gulf Homes
         
Toronto Residential The Pinnacle on Adelaide Condominium 510 $75
(43 storeys; 564  units; 1 structure), 295 Adelaide Street West
Pinnacle International
         
Alberta:
Wood Buffalo Engineering West Ells SAGD Project, Phases 1 and 2 * $100
Sunshine Oilsands Ltd
         
British Columbia:
Kitimat Industrial  Alcan Kitimat Aluminum Smelter Modernization * $3,300
(6 structures), Alcan Road
Rio Tinto Alcan
         
Peace River Regional District Engineering Quality Wind Project (Capital Power) Wind Farm * $455
CP Renewable Energy (BC) Ltd Pt.
         
Fort Nelson Engineering Horn River Mainline Pipeline Project * $307
Nova Gas Transmission Ltd
         
TOTALS:     1,689 $4,907

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

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