Construction Forecasts

News & Analysis

Top 10 and trend graph-May 2012

06/06/2012 by Alex Carrick, RCD Canadian Chief Economist

The accompanying table records the 10 largest construction project starts in Canada in May 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 - May 2012
REGION
(East to
West)
TYPE OF
CONSTRUCTION
DESCRIPTION
Sq. Ft.
000s
Dollars
000,000s
Quebec:
Denis-Riverin Engineering Parc Gros-Morne, Phase Deux (Wind farm and transmission lines) * $163
Cartier énergie éolienne inc
         
Montréal Residential Fabrique 125 300 $50
(7 storeys; 198 units; 1 structure), 125 rue Chabanel
Groupe Dayan
         
Montréal Residential Le Griffix 200 $45
(20 storeys; 175 units; 1 structure), coin des rues Peel and rue Wellington
Investissement Luc Poirier
         
Ontario:
Toronto Residential Pan Am Games Athletes' Village Project 3,000 $514
(15 storeys; 1547 units; 6 structures), West Don Lands,
will be LEED Certified
Waterfront Toronto, Pan Am Toronto 2015, Infrastructure Ontario
         
Markham Residential Fontana Condominium, Building A and B, Phase 1 397 $58
(15 storeys; 363 units; 2 structures), Glegg Road and Town Centre Boulevard
H&W Developments
         
Mississauga Residential Grand Residences of Parkside Village, Phase 3 360 $53
(36 storeys; 268 units; 1 structure), 465 Burnhamthrope Road
Amacon Development Corp.
         
North York Residential Emerald City, Tower Three 330 $48
(36 storeys; 326 units; 1 structure), Don Mills Road and Sheppard Avenue
Elad Canada Operations Inc.
         
Alberta:  
Halkirk Engineering Halkirk Wind Project * $300
Capital Power Corp.
         
British Columbia:
West Vancouver Residential The Kiwanis Garden Village 135 $44
(5 storeys; 141 units, 1 structure), 975 and 999 21st Street,
will be LEED Certified
West Vancouver Kiwanis Society
         
Surrey Residential Breeze, Phase 1 295 $44
(3 storeys; 227 units; 20 structures), 16226 24 Avenue
Adera Group of Companies
         
TOTALS:     5,017 $1,319

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

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