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Top 10 and trend graph-December 2012

0 3355 Market Intelligence

The accompanying table records the 10 largest construction project starts in Canada in December 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 December 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 - December 2012
REGION
(East to
West)
TYPE OF
CONSTRUCTION
DESCRIPTION
Sq. Ft.
000s
Dollars
000,000s
New Brunswick:
Moncton Commercial Terminal Centres Alterations * $17
(8 storeys; 1 structure), 1234 Main Street
Crombie REIT
         
Ontario:
Toronto Engineering North West PATH Pedestrian Tunnel * $34
City of Toronto
 
Waterloo Region Engineering Highway 85 * $27
Ministry of Transportation of Ontario
 
Kitchener Residential Fallowfield Apartments, Building Three 397 $20
(12 storeys; 164 units; 1 structure), 121 Fallowfield Drive
Drewlo Holdings Incorporated
         
Saskatchewan:
Saskatoon Residential Hartford Heights 162 $24
(2 storeys; 28 units; 3 structures), 118 Shillington Crescent
Innovative Residential
 
Saskatoon Commercial Saskatchewan Blue Cross Expansion 3 $15
(3 storeys; 1 structure), 516 Second Avenue North
Saskatchewan Blue Cross
         
Alberta:
Calgary Engineering West Light Rapid Transit, Millennium Park Restoration * $19
    City of Calgary    
         
British Columbia:
Burnaby Residential SOLO District (Brentwood), Phase One, Stratus 400 $60
(45 storeys; 374 units; 1 structure), 4420 and 4444 Lougheed Highway, 2060 Rosser Avenue, 2131 Willingdon Avenue, will be LEED Certified
Appia Group of Companies
 
Burnaby Residential Silver 257 $39
(38 storeys; 288 units; 3 structures), 6357, 6361 Silver Avenue, 6350, 6364 McKay Avenue, 4394 Beresford Avenue
Intracorp Projects Limited
 
Pitt Meadows Engineering Barnston, Maple Ridge Pump Station * $23
Metro Vancouver 
         
TOTALS:     1,219 $278

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

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