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 commercial and leisure construction projects that commenced in Canada in Q4 2023, according to GlobalData’s construction projects database.
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1. Lincoln Alexander Hall Student Residence
The project involves the construction of a 53,140m2 student residence consisting of 1,366 beds in Hamilton, Ontario.
Construction work started in Q4 2023 and is expected to be completed in Q4 2026.
The project aims to provide safe and supportive housing facilities to students.
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2. Calgary Cold Storage Facility Expansion
The project involves the expansion of an 18,581m2 cold storage facilities with a storage capacity of 75,000 pallets in Calgary, Alberta.
Construction work commenced in Q4 2023 and is expected to finish in Q4 2024.
The aim of the project is to export meat and other products to Asia and other markets around the world. Buy the profile here.
3. Guelph South End Community Center
The project involves the construction of a 148,64m2 community centre in Guelph, Ontario.
Construction work started in Q4 2023 and is forecast to complete in Q4 2026.
The project aims to support Guelph’s net-zero energy goals, significantly reducing the buildings carbon footprint and promoting sustainable practices that help align with the City’s Race To Zero.
4. Martensville Community Recreational Center
The project involves the construction of a recreation center in Martensville, Saskatchewan.
Construction work commenced in Q4 2023 and is expected to be completed in Q4 2024.
The project aims to provide better leisure and recreational amenities in the region. Buy the profile here.
5. Pioneer Crossing Commercial Center
The project involves the construction of a 1,709m2 commercial center in Alberta.
Construction work started in Q4 2023 and is expected to be completed in Q4 2024.
The project aims to provide enhanced retail services to the visitors in the area. 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.
