According to GlobalData, the value of Canada construction market is forecast to grow by 1.5% in real terms in 2023, having grown by 1.7% in 2022. 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 leisure and hospitality building construction projects that commenced in Canada in Q2 2023, according to GlobalData’s construction projects database.
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1. Forma Mixed-Use Development
The project involves the construction of a 263m high, 73-story east tower and a 308m high, 84-story west tower with total 2,034 condominiums at 260 King Street West in Toronto, Ontario.
Construction work started in Q2 2023 and is expected to be completed in Q4 2028.
The project aims to enhance residential, office and retail facilities in the region.
2. Hard Rock Hotel and Casino Ottawa
The project involves the renovation of Rideau Carleton Raceway Casino in Ottawa, Ontario.
Construction work commenced in Q2 2023 and is expected to finish in Q2 2025.
The project aims to become the tourism and entertainment destination in the region. Buy the profile here.
3. Ballantrae Multi-Sport Complex
The project involves the construction of two domes and a club house in Toronto, Ontario.
Construction work started in Q2 2023 and is forecast to complete in Q1 2024.
The project aims to provide a better training facilities and competition venue in the region. Buy the profile here.
4. Burnaby Lake Aquatic and Arena Recreational Complex
This project involves the construction of a recreation center on 2.8ha of land in Burnaby, British Columbia.
Construction work commenced in Q2 2023 and is expected to be completed in Q4 2026.
The project aims to provide a new entertainment district that will include hotels, restaurants and retail stores in the region. Buy the profile here.
5. Brandon Conference Center
The project involves the construction of a 2323m2, two-story, conference center in Brandon, Manitoba.
Construction work started in Q2 2023 and is expected to be completed in Q2 2025.
The project aims to provide an improved recreational complex in the region. Buy the profile here.
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.
