The value of Canada construction market is forecasted by GlobalData 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 five largest construction projects initiated in Canada during Q3 2024, according to GlobalData’s construction projects database.
Smarter leaders trust GlobalData
1. QEII Hospital Complex Redevelopment
The project involves the redevelopment of three buildings at the QEII hospital complex in Nova Scotia.
Construction work started in Q3 2024 and is expected to be completed in Q4 2028.
The aim of the project is to provide better medical services in the region.
2. New England Clean Power Link
The project involves the laying of a 241.4Km High Voltage direct current 1,000,000 Kilovolts (kV) (1,000 MW) underwater and underground transmission cable from Quebec through Vermont to Ludlow in North America, the US.
Construction work commenced in Q3 2024 and is expected to finish in Q4 2025.
The aim of the project is to carry up to 1,000MW of Canadian hydro-electricity to supply about one million homes in Ludlow and plug into the New England electric grid. Transmission Developers Inc. is developing this project with the name TDI New England. Buy the profile here.
3. Cheekye Fan Residential Community
The project involves the construction of a 1,215-unit residential community on 81ha of land in British Columbia.
Construction work started in Q3 2024 and is forecast to complete in Q2 2027.
The project aims to enhance housing facilities in the region.
4. Proteus Alberta Solar Farm 205 MW
The project involves the construction of a 205MW solar farm and 60MW battery storage plant on 529ha of land in Taber, Alberta.
Construction work commenced in Q3 2024 and is expected to be completed in Q4 2025.
The project aims to meet the supply and demand of electricity in the region and provide enough electricity to power the region. Buy the profile here.
5. Goose Harbour Lake Wind Farm 131 MW
The project involves the construction of a wind farm with a 131MW generating capacity in Guysborough County, Nova Scotia.
Construction work started in Q3 2024 and is expected to be completed in Q4 2026.
The project will bring significant local investment, jobs, clean electricity to the province and helping Nova Scotia transition from coal to renewable energy.
For more details on the latest construction projects, buy the profiles here.
Data Insights
From
The gold standard of business intelligence.
Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.
