Top 10 and Trend Graph-March 2013

04/12/2013 by Alex Carrick

The accompanying table records the 10 largest construction project starts in Canada in March 2013. 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 - March 2013
REGION
(East to
West)
TYPE OF
CONSTRUCTION
DESCRIPTION
Sq. Ft.
000s
Dollars
000,000s
Newfoundland and Labrador:
Muskrat Falls Engineering Lower Churchill Project, Phase One * $6,000
Newfoundland and Labrador Hydro, Nalcor Energy and Emera Corporate
         
Manitoba:
Winnipeg Residential Heritage Landing on Assiniboine Residential Development 410 $60
(25 storeys; 234 units; 6 structures), 300 Assiniboine Avenue
Crystal Development Incorporated
         
Alberta:
Province of Alberta Engineering AltaLink 500 KV Project * $1,500
AltaLink
 
St Albert Residential Water Edge Apartment Buildings 253 $39
(4 storeys; 253 units; 4 structures), 81 Element Drive North
 
Wood Buffalo Engineering Saline Creek Contract 3 Sanitary Outfall and Supply Line * $38
Regional Municipality of Wood Buffalo
         
British Columbia:
Victoria Engineering Johnson Street Bridge Replacement Project * $92
City of Victoria
 
Vancouver Residential The Residences and Shops at WEST, Phase One 177 $59
(15 storeys; 189 units; 1 structure), 1750 and 1751 Manitoba Street
Executive Group of Companies, Cressey Development Corporation
 
Victoria Institutional University of Victoria, CARSA Building and Parkade 229 $59
(7 storeys; 2 structures), 3800 Finnerty Road, will be LEED Certified
University of Victoria
 
Vancouver Institutional Heritage Seaforth Armoury and Cadet Training Facility 291 $40
(4 storeys; 2 structures), 1650 Burrard Street
Defence Construction Canada
 
Burnaby Residential Moda Condominium and Townhouses 240 $37
(32 storeys; 253 units; 1 structure), 6634 and 6638 Dow Avenue
Polygon Homes Limited
         
TOTALS:     1,600 $7,924

*A square footage measure does not apply for alteration and engineering work.
Trend lines of construction starts in Canada – March 2013
Moving totals of the latest 12 months* (CanaData Figures)
Trend lines of construction starts in Canada – March 2013
*For example, the March 2013 figure is the sum of the monthly numbers for April 2012 through March 2013.
†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.