Construction Forecasts

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Top 10 and trend graph-September 2011

10/11/2011 by Alex Carrick, RCD Canadian Chief Economist

The accompanying table records the 10 largest construction project starts in Canada in September 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 - September 2011
REGION
(East to
West)
TYPE OF
CONSTRUCTION
DESCRIPTION
Sq. Ft.
000s
Dollars
000,000s
Quebec:
Schefferville Engineering  Projet minier Kémag, iron ore mine * $3,500
New Millennium Capital Corporation
Montréal Residential District Griffin, condos/hotel/offices/retail 1,485 $475
(19 storeys; 1375 units; 4 structures), quadrilatère formé des rues Wellington, Young, Peel et Smith
Devimco Incorporation
Lévis Commercial Campus Desjardins de la Coopération Additions and Alterations 380 $125
(15 storeys; 7 structures), rue des Commandeurs, will be LEED Certified
Caisse populaire Desjardins
         
Ontario:   
Metro Toronto Region Engineering Toronto-York Spadina Subway Extension, Steeles West station * $165
Toronto Transit Commission
Toronto Institutional Bridgepoint Health Campus of Care 680 $125
(11 storeys; 504 units; 2 structures), Broadview Avenue and Gerrard Street, will be LEED Certified
Bridgepoint Health, Infrastructure Ontario
Toronto Residential Gibson Square 1,012 $123
(42 storeys; 937 units; 21 structures), 5170 Yonge Street
Menkes Developments Incorporated
Markham Commercial Markville Shopping Centre Alterations 1,400 $111
(2 storeys, 1 structure), 5000 Hwy 7 East
The Cadillac Fairview Corporation Ltd.
Windsor Commercial Grand Central Business Park, Phase 1 775 $74
(1 storeys; 1 structure), Pillette Road and Plymouth Road
Rosati Group
         
Alberta:
Province of Alberta Engineering Waupisoo Capacity Expansion Project, oil pipeline * $400
Enbridge Incorporation
         
British Columbia:
Burnaby Residential Sovereign/Element Vancouver Metrotown Condos and Hotel 400 $80
(45 storeys; 371 units; 1 structure), 5955 Pioneer Avenue, will be LEED Certified
Bosa Properties Incorporated
TOTALS:     6,132 $5,178

*A square footage measure does not apply for alteration and engineering work.
Trend lines of construction starts in Canada – September 2011
Moving totals of the latest 12 months* (CanaData Figures)
Trend lines of construction starts in Canada – September 2011
*For example, the September 2011 figure is the sum of the monthly figures for October 2010 through September 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 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 in 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.

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