According to GlobalData, the value of Canada construction market is forecast to grow by 1.5% in real terms in 2024, having grown by 1.7% in 2023. A key growth market will be the infrastructure market, with output rising by 2.3% in real terms. GlobalData tracks and profiles all major construction projects from announcement to completion. For further insight on this market, buy the latest profiles here.
Here are the top five commercial and leisure construction projects that commenced in Canada in Q4 2024, according to GlobalData’s construction projects database.
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1. Choice Caledon Business Park
The project involves the construction of a 557,418m2 industrial building on 154ha of land in Caledon, Ontario, Canada
Construction work started in Q4 2024 and is expected to be completed in Q4 2028.
2. Cadetta Johnston Transit Facility
The project involves the construction of a new transit facilities in Brampton, Ontario.
Construction work commenced in Q4 2024 and is expected to finish in Q4 2027.
3. Block 22 Student Accommodation Complex
The project involves the construction of a 28,428m2 of 12-story student accommodation building comprising 645 beds spread across 322 apartments at Perraton Avenue and McLaurin Street in Calgary, Alberta.
Construction work started in Q4 2024 and is forecast to complete in Q3 2027.
4. Cambridge Recreation Complex
The project involves the construction of two two-story 13,935m2 sports and recreation complex on 13ha of land in Cambridge, Ontario.
Construction work commenced in Q4 2024 and is expected to be completed in Q4 2026.
5. North Bay Arena and Community Recreation Center
The project involves the construction of a 7,896m2 new arena and recreation center in North Bay, Ontario.
Construction work started in Q4 2024 and is expected to be completed in Q3 2026.
For more details on the latest construction projects, buy the profiles here.
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GlobalData’s Construction Projects database tracks over 220,000 new construction projects valued at >$25m from announcement to completion across all countries and sectors.
