Top 10 and trend graph-August 2012

09/06/2012 by Alex Carrick

The accompanying table records the 10 largest construction project starts in Canada in August 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 - August 2012
REGION
(East to
West)
TYPE OF
CONSTRUCTION
DESCRIPTION
Sq. Ft.
000s
Dollars
000,000s
Quebec:
Québec Commercial Amphithéâtre multifonctionnel de Québec 157 $400
(2 storeys; 1 structure), 250 boul Wilfrid-Hamel
Ville de Québec
         
Ontario:
North York Institutional York University Subway Station 86 $117
(2 storeys; 1 structure), 4700 Keele Street
Toronto Transit Commission
         
Toronto Residential DNA 3 Condominium 529 $78
(14 storeys; 602 units; 1 structure), 1030 King Street West
Canderel Stoneridge Equity Group
         
Etobicoke Residential Westlake Condominium, Phase Three 480 $71
(40 storeys; 400 units; 1 structure), 2200 Lake Shore Boulevard West
Onni Group of Companies
         
Saskatchewan:        
Browning Regional Municipality No. 34 Engineering Bakken Oil Pipeline Project
(from Berthold, North Dakota, to Steelman, Sask.)
* $550
Enbridge Incorporated
         
Alberta:
Wood Buffalo Engineering MacKay River Commercial Oil Sands Project, Phase One * $100
Dover Operating Corporation
         
British Columbia:
Thompson-Nicola Regional District Industrial Highland Valley Copper Mine * $475
Teck Resources Limited
         
Vancouver  Residential Marine Gateway, Marpole Towers 883 200
(38 storeys; 415 units; 3 structures), 400 Southwest Marine Drive, 8430 and 8440 Cambie Street, will be LEED Certified
PCI Developments Group Incorporated
         
Vancouver  Residential Telus Gardens, Condominium Tower, Area A 449 100
(53 storeys; 428 units; 1 structure), 555 Robson Street,
775 Richards Street, 520 West Georgia Street, will be LEED Certified
Telus Corporation
         
Squamish-Lillooet Engineering Skookum Creek, Mamquam Power Cluster Hydroelectric
Generating Station
* 92
Run of River Power Incorporated
         
TOTALS:     2,584 $2,183

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