Canada Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2030 (Q3 2026)

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Published: September 24, 2026 Report Code: GDCN1948MR-ST

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The construction industry in Canada is expected to register real-term growth of 1.2% in 2026, marking a deceleration from the 2.3% growth recorded in 2025. This moderation is due to reduced investment in industrial developments, elevated energy costs, and persistent trade uncertainty linked to tensions in the Middle East and the ongoing trade war with the US. Statistics Canada reports that the industry’s value-add at constant prices (seasonally adjusted at annual rates) edged down by 0.5% year-on-year (YoY) in H1 2026. By segment, residential construction declined by 2.4%, while non-residential construction delivered a subdued performance during the same period. For decades, trade agreements among the US, Mexico, and Canada have supported the free movement of goods across the bloc.

Over the remainder of the forecast period, the Canadian construction industry is projected to record an annual average growth of 2.5% between 2027 and 2030, underpinned by sustained investments in transport infrastructure, data centers, and housing construction. Growth during the forecast period will be further reinforced by the Ontario government’s plan to invest CAD210 billion ($153.1 billion) in social infrastructure over 10 years, including CAD37 billion ($27 billion) in 2026–27. This program includes the development of hospitals, highways, transit, and community infrastructure to strengthen Ontario’s economy and ensure communities thrive for generations to come. In addition, in April 2026, the Government of Canada launched the Build Communities Strong Fund, which will provide CAD51 billion ($37.2 billion) in funding over 10 years to support the development of housing, health, transit, sport, education, and climate adaptation across the country.

GlobalData’s Construction in Canada – Key Trends and Opportunities to 2030 (Q3 2026) report provides detailed market analysis, information, and insights into Canada’s construction industry, including:_x000D_
– Canada’s construction industry's growth prospects by market, project type and construction activity_x000D_
– Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in Canada’s construction industry_x000D_
– Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline

Scope

This report provides a comprehensive analysis of the construction industry in Canada. It provides:

– Historical (2021–2025) and forecast (2026–2030) valuations of the construction industry in Canada, featuring details of key growth drivers.

– Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector

– Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.

– Listings of major projects, in addition to details of leading contractors and consultants

Reasons to Buy

Identify and evaluate market opportunities using our standardized valuation and forecasting methodologies_x000D_

Assess market growth potential at a micro-level with over 600 time-series data forecasts_x000D_

Understand the latest industry and market trends_x000D_

Formulate and validate business strategies using GlobalData's critical and actionable insight_x000D_

Assess business risks, including cost, regulatory and competitive pressures_x000D_

Evaluate competitive risk and success factors

Table of Contents

1 Executive Summary

2 Construction Industry: At-a-Glance

3 Context

3.1 Economic Performance

3.2 Political Environment and Policy

3.3 Demographics

3.4 Risk Profile

4 Construction Outlook

4.1 All Construction

– Outlook

– Latest news and developments

– Construction Projects Momentum Index

4.2 Commercial Construction

– Outlook

– Project analytics

– Latest news and developments

4.3 Industrial Construction

– Outlook

– Project analytics

– Latest news and developments

4.4 Infrastructure Construction

– Outlook

– Project analytics

– Latest news and developments

4.5 Energy and Utilities Construction

– Outlook

– Project analytics

– Latest news and developments

4.6 Institutional Construction

– Outlook

– Project analytics

– Latest news and developments

4.7 Residential Construction

– Outlook

– Project analytics

– Latest news and developments

5 Key Industry Participants

5.1 Contractors

5.2 Consultants

6 Construction Market Data

7 Appendix

7.1 What is this Report About?

7.2 Definitions

7.3 CRI Methodology

About GlobalData

Contact Us

Table

Table 1: Construction Industry Key Data

Table 2: Canada, Key Economic Indicators

Table 3: Canada, Commercial Construction Output by Project Type (Real % Change), 2021–30

Table 4: Canada, Top Commercial Construction Projects by Value

Table 5: Canada, Industrial Construction Output by Project Type (Real % Change), 2021–30

Table 6: Canada, Top Industrial Construction Projects by Value

Table 7: Canada, Infrastructure Construction Output by Project Type (Real % Change), 2021–30

Table 8: Canada, Top Infrastructure Construction Projects by Value

Table 9: Canada, Energy and Utilities Construction Output by Project Type (Real % Change), 2021–30

Table 10: Canada, Top Energy and Utilities Construction Projects by Value

Table 11: Canada, Institutional Construction Output by Project Type (Real % Change), 2021–30

Table 12: Canada, Top Institutional Construction Projects by Value

Table 13: Canada, Residential Construction Output by Project Type (Real % Change), 2021–30

Table 14: Canada, Top Residential Construction Projects by Value

Table 15: Canada, Key Contractors

Table 16: Canada, Key Consultants

Table 17: Canada Construction Output Value (Real, $ Million)

Table 18: Canada Construction Output Value (Nominal, CAD Million)

Table 19: GlobalData Construction Market Definitions

Table 20: GlobalData Construction Market Definitions

Table 21: Ratings, Scores and Definitions

Figures

Figure 1: North America, Construction Output (Real % Change), 2024–30

Figure 2: Canada, Construction Output by Sector (Real % Change), 2024–26 and 2027–30

Figure 3: Canada, Risk Summary

Figure 4: Canada, Risk Regional Comparison

Figure 5: Canada, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2021–30

Figure 6: Canada, Construction Output Value, by Sector (Real, $ Million), 2021–30

Figure 7: Canada, Construction Value-Add (CAD Million, 2012 Constant Prices), Seasonally Adjusted at Annual Rates

Figure 8: Canada, Investment in Building Construction (CAD Million, Seasonally Adjusted Constant Prices)

Figure 9: Canada, Value of Building Permits Issued, in Seasonally Adjusted Constant Prices, % Change YoY

Figure 10: Canada, Construction Employment, In Thousands, In Seasonally Adjusted Terms

Figure 11: Canada, Building Construction Price Indices, 2017=100, % Change (YoY)

Figure 12: Canada, Construction Projects Momentum Index

Figure 13: North America, Construction Projects Momentum Index

Figure 14: Canada, Commercial Construction Output by Project Type (Real, $ Million), 2021–30

Figure 15: Canada, Commercial Construction Projects Pipeline, Value by Stage ($ Million)

Figure 16: Canada, Investment in Commercial Building Construction (CAD Million, Seasonally Adjusted Constant Prices)

Figure 17: Canada, Value of Building Permits Issued for Commercial Buildings (CAD Million, Seasonally Adjusted Constant Prices)

Figure 18: Canada, Number of Non-Resident Visitors Entering the Country, In Thousands

Figure 19: Canada, Retail Trade Sales (CAD Million), In Nominal Prices

Figure 20: Canada, Industrial Construction Output by Project Type (Real, $ Million), 2021–30

Figure 21: Canada, Industrial Construction Projects Pipeline, Value by Stage ($ Million)

Figure 22: Canada, Manufacturing Value-add, Seasonally Adjusted at Annual Rates (CAD Million, 2012 Constant Prices)

Figure 23: Canada, Investment in Industrial Building Construction (CAD Million, Seasonally Adjusted Constant Prices)

Figure 24: Canada, Value of Building Permits Issued for Industrial Buildings (CAD Million, Seasonally Adjusted Constant Prices)

Figure 25: Canada, Sales Value of Goods Manufactured and New Orders of Manufacturing (CAD Million)

Figure 26: Canada, Merchandise Exports (CAD Million), in Current Prices

Figure 27: Canada, Infrastructure Construction Output by Project Type (Real, $ Million), 2021–30

Figure 28: Canada, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)

Figure 29: Canada, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2021–30

Figure 30: Canada, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)

Figure 31: Canada, Capital Expenditure in the Oil and Gas Extraction Industries (CAD Million, In Seasonally Adjusted Terms)

Figure 32: Canada, Electric Power Generation, In GWh

Figure 33: Canada, Production of Crude Oil and Other Equivalent Products, YoY % Change

Figure 34: Canada, Institutional Construction Output by Project Type (Real, $ Million), 2021–30

Figure 35: Canada, Institutional Construction Projects Pipeline, Value by Stage ($ Million)

Figure 36: Canada, Investment in Institutional Building Construction (CAD Million, Seasonally Adjusted Constant Prices)

Figure 37: Canada, Institutional Building Permits Issued (CAD Million, Seasonally Adjusted Constant Prices)

Figure 38: Canada, Residential Construction Output by Project Type (Real, $ Million), 2021–30

Figure 39: Canada, Residential Construction Projects Pipeline, Value by Stage ($ Million)

Figure 40: Canada, Value-add of Residential Buildings, Seasonally Adjusted at Annual Rates (CAD Million, 2012 Constant Prices)

Figure 41: Canada, Investment in Residential Building Construction (CAD Million, Seasonally Adjusted Constant Prices)

Figure 42: Canada, Residential Building Permits Issued (CAD Million, Seasonally Adjusted Constant Prices)

Figure 43: Canada, New Housing Price Index, December 2016=100

Figure 44: Canada, Dwelling Construction Started in Canada, In Number

Figure 45: Canada, Headquarters of Key Contractors (% of Total Project Pipeline)

Figure 46: Canada, Headquarters of Key Consultants (% of Total Project Pipeline)

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