Construction Forecasts

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Top 10 and trend graph-April 2012

05/08/2012 by Alex Carrick, RCD Canadian Chief Economist

The accompanying table records the 10 largest construction project starts in Canada in April 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 - April 2012
(East to
Sq. Ft.
Montréal Residential Altoria Residential and Office Building 400 $100
(35 storeys; 152 units; 1 structure), en face du square Victoria, will be LEED Certified
Corporation Immobilière Kevric
Nunavik Institutional Renovations to airports in Nunavik * $90
Ministère des transports du Québec
Province of Ontario Engineering Georgetown South Service Expansion-Union Pearson Rail Link * $515
Mininstry of Transportation of Ontario
Newmarket Engineering York Region Rapid Transit System Phase 2b * $100
York Region Rapid Transit
Richmond Hill Residential Mon Sheong Retirement Home 475 $70
(10 storeys; 444 units; 3 structures), 11211 Yonge Street
Mon Sheong Foundation
Toronto Residential Cranbrook Village 470 $69
(14 storeys; 350 units; 2 structures), Bathurst Street and Lawrence Avenue
Options for Homes
Edson Institutional Edson Health Care Centre 164 $108
(1 storey; 1 structure), 6th Avenue and 40th Street, will be LEED Certified
Alberta Health Services
Calgary Commercial Centre 10 376 $73
(10 storeys; 1 structure), 515 and 517 10th Avenue Southwest
Centron Construction Ltd
British Columbia:
Vancouver Institutional Student Union Building, University of British Columbia 275 $103
(5 storeys; 1 structures), University Square, will be LEED Certified
Alma Mater Society of the University of British Columbia
Vancouver Residential Ponderosa Commons Housing Hub, Phase One, University of British Columbia 301 $100
(18 storeys; 2 structures; 445 units), University Boulevard and West Mall, will be LEED Certified
University of British Columbia
TOTALS:     2,461 $1,328

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


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