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 multi-family housing construction projects that commenced in Canada in Q3 2024, according to GlobalData’s construction projects database.
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1. 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 expected to be completed in Q2 2027.
The project aims to enhance housing facilities in the region.
2. Lakeview DXE Club Mixed-Use Development
The project involves the construction of 35,303m2 of two mixed-use towers comprising 474 residential units in Toronto, Ontario.
Construction work commenced in Q3 2024 and is expected to finish in Q1 2026.
The project aims to enhance residential facilities to meet the growing demand in the region.
3. 591 Sherbourne Residential Tower
TThe project involves the construction of a 153m, 51-story tower comprising 532 units in Toronto, Ontario.
Construction work started in Q3 2024 and is forecast to complete in Q3 2026.
It is located just south of Bloor Street between Sherbourne and Parliament Streets. Buy the profile here.
4. The Village of Stouffer Mills
The project involves the construction of a senior home and 192-long long-term care beds in Town of Whitchurch Stouffville, Ontario.
Construction work commenced in Q3 2024 and is expected to be completed in Q4 2027.
5. 2924 Venables St Sunrise Village Residential Housing
The project involves the redevelopment of a residential community of 4,490m2 area in Vancouver, British Columbia.
Construction work started in Q3 2024 and is expected to be completed in Q4 2027.
For more details on the latest construction projects, buy the profiles here.
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