Construction Forecasts

News & Analysis

Top 10 and trend graph-June 2011

07/08/2011 by Alex Carrick, RCD Canadian Chief Economist

The accompanying table records the 10 largest construction project starts in Canada in June 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 - June 2011
REGION
(East to
West)
TYPE OF
CONSTRUCTION
DESCRIPTION Sq. Ft.
000s
Dollars
000,000s
Quebec
Province de Québec Engineering Pipeline Saint-Laurent * $350
Ultramar Ltée
Montréal Institutional Hôpital Général Juif, Pavillon de soins critiques "K" 1,566 $300
(7 storeys; 3 structures), chemine Côte-Ste-Catherine
Hôpital Général Juif S Mortimer Davis
         
Ontario   
Ottawa Institutional Algonquin College Roofing Contracts * $163
Algonquin College
Toronto Residential River City, West Don Lands, Phase One 1,080 $150
(15 storeys; 350 units; 2 structures; ), King Street,
will be LEED Certified
Urban Capital Property Group
Toronto Institutional Finch West Subway Station (Spadina subway extension) 10 $125
(2 storeys; 2 structures), Finch Avenue West
Toronto Transit Commission
Markham Residential World on Yonge, Phase One, Buildings A1 and A2 671 $81
(39 storeys; 720 units; 2 structures), 7171 Yonge Street at Steeles,
will be LEED Certified
Liberty Development Corporation
Toronto Residential Hullmark Centre South Tower 575 $80
(35 storeys; 359 units; 1 structure), 2 Annadale Street
(Yonge & Sheppard)
Tridel Corporation; Hullmark Developments
Toronto Residential Hullmark Centre North Tower 533 $58
(45 storeys; 198 units; 2 structures), 4789 Yonge Street at Sheppard
Tridel Corporation; Hullmark Developments
         
Saskatchewan
Saskatoon Institutional Saskatoon Police Service Headquarters 240 $106
(6 storeys; 1 structure), 25 Street East
City of Saskatoon
         
Alberta
Wood Buffalo Engineering Firebag 4 Oil Sands In-Situ SAGD Project * $3,600
Suncor Energy Incorporated
         
TOTALS:     4,675 $5,013

*A square footage measure does not apply for alteration and engineering work.
Trend lines of construction starts in Canada – June 2011
Moving totals of the latest 12 months* (CanaData Figures)
Trend lines of construction starts in Canada – June 2011
*For example, the June 2011 figure is the sum of the monthly figures for July 2010 through June 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 Canada Line LRT project between Richmond and Vancouver in B.C. (January 2006), the Eastmain 1-A hydroelectric power project in northern Québec (June 2007), the Port Mann bridge in B.C. (November 2009), the Kearl Oil Sands Project in Alberta (April 2010), and the Firebag 4 SAGD Oil Sands project in Alberta (June 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.

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