Construction Forecasts

News & Analysis

Top 10 and trend graph-June 2012

07/06/2012 by Alex Carrick, RCD Canadian Chief Economist

The accompanying table records the 10 largest construction project starts in Canada in June 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 - June 2012
REGION
(East to
West)
TYPE OF
CONSTRUCTION
DESCRIPTION
Sq. Ft.
000s
Dollars
000,000s
Quebec:
L'Amiante Engineering Parc éolien des Moulins * $400
Invenergy Wind Canada
         
Montréal Residential Le William, bâtiment C Condominium  150 $40
(8 storeys; 100 units; 1 structure), angle des rues William
et des Seigneurs
Quorum
         
Ontario:
Richmond Hill Residential Royal Gardens Apartments, Townhouses and Commercial Development, Phase 2 450 $66
(11 storeys; 400 units; 10 structures), 9 and 15 Rockwell Road,
372 and 376 Highway 7
Liberty Developments Corp.
         
Metro Toronto Region Engineering Highway 427, Rehabilitation (northbound QEW to 401) * $46
Ministry of Transportation of Ontario
         
Halton Hills Commercial Toronto Premium Outlets, Phase 1 360 $43
(1 storey; 1 structure), Highway 401 and Trafalgar Road
SmartCentres, Simon Properties
         
British Columbia:
Province of British Columbia Engineering Interior to Lower Mainland Transmission Line Project * $709
BC Hydro
         
Kelowna Institutional The Interior Heart and Surgical Centre 171 $448
(3 storeys; 1 structure), 2268 Pandosy Street
Interior Health
         
Mount Waddington Regional District Engineering Kokish River Hydroelectrical Project * $200
Kwagis Power Ltd. Partnership, Namgis First Nation,
Brookfield Multiplex
         
Vancouver Commercial Telus Garden, Office Building (Area C) 495 $98
(24 storeys; 1 structure), 555 Robson Street, 775 Richards Street,
520 West Georgia Street, will be LEED Certified
Telus Corporation Headquarters
         
Vancouver Commercial Broadway Tech Centre, Building 8 175 $40
(4 storeys; 1 structure), 2920 Virtual Way, will be LEED Certified
Bentall Capital
         
TOTALS:     1,801 $2,090

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