Canada Construction Market Size, Trend Analysis by Sector (Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential) and Forecasts, 2022-2026

Pages: 60 Published: December 28, 2022 Report Code: GDCN1051MR

GlobalData expects the Canadian construction industry to expand by 1.7% in real terms this year, amid soaring energy prices and disruptions in the supply of key construction materials amid the Russia-Ukraine conflict. According to Statistics Canada, the construction industry’s value add grew by just 2% year on year (YoY) in the first nine months of the year, following an annual growth of 6.1% in 2021. During the same period, building activity is sluggish, with the investment in building construction falling by 3.6%, of which residential building construction fell by 5.4%, while non-residential building grew marginally by 0.9%.

Over the remainder of the forecast period, the industry is expected to register an annual average growth of 2.2% during 2023-26, supported by investment in housing, transport and energy infrastructure projects. The infrastructure sector will be supported by Federal and Local Government investment in upgrading the country’s transport infrastructure. In March 2022, the province of Ontario unveiled its 30-year transit plan to develop a transportation network focusing on building new highways, rail corridors and subway systems, as well as widening and expanding the existing highways. Over the next ten years, the government plans to spend CAD84.7 billion ($66.2 billion) on the 30-year transit plan. The energy sector will be supported by the government’s plan to reduce Greenhouse Gas (GHG) emissions by 40-45% by 2030 and to achieve net-zero GHG emissions by 2050.

The report provides detailed market analysis, information, and insights into the Canadian construction industry, including –
– The Canadian construction industry’s growth prospects by market, project type, and construction activity
– Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Canadian construction industry
– 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 (2017-2021) and forecast (2022-2026) 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

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– Identify and evaluate market opportunities using GlobalData’s standardized valuation and forecasting methodologies.

– Assess market growth potential at a micro-level with over 600 time-series data forecasts.

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– Assess business risks, including cost, regulatory and competitive pressures.

– Evaluate competitive risk and success factors.

Table of Contents

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 COVID-19 Status

3.5 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

7.4 GlobalData Construction

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List of Tables

List of Tables

Table 1: Construction Industry Key Data

Table 2: Canada, Key Economic Indicators

Table 3: Canada, Commercial Construction Output by Project Type (Real % Change), 2017-26

Table 4: Canada, Top Commercial Construction Projects by Value

Table 5: Canada, Industrial Construction Output by Project Type (Real % Change), 2017-26

Table 6: Canada, Top Industrial Construction Projects by Value

Table 7: Canada, Infrastructure Construction Output by Project Type (Real % Change), 2017-26

Table 8: Canada, Top Infrastructure Construction Projects by Value

Table 9: Canada, Energy and Utilities Construction Output by Project Type (Real % Change), 2017-26

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

Table 11: Canada, Institutional Construction Output by Project Type (Real % Change), 2017-26

Table 12: Canada, Top Institutional Construction Projects by Value

Table 13: Canada, Residential Construction Output by Project Type (Real % Change), 2017-26

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: Risk Dimensions

Table 21: Ratings, Scores and Definitions

List of Figures

List of Figures

Figure 1: North America, Construction Output (Real % Change), 2020-26

Figure 2: Canada, Construction Output by Sector (Real % Change), 2020-22 and 2023-26

Figure 3: Canada, COVID-19 Confirmed Cases

Figure 4: Canada, Risk Summary

Figure 5: Canada, Risk Regional Comparison

Figure 6: Canada, Construction Output Value (Real, $ Billion, 2017 Prices and Exchange Rate), 2017-26

Figure 7: Canada, Construction Output Value, by Sector (Real, $ Million), 2017-26

Figure 8:Canada, Construction Value-Add (CAD Million, 2012 Constant Prices), Quarterly Average, Seasonally Adjusted at Annual Rates

Figure 9:Canada, Investment in Building Construction, in CAD Million, in Seasonally Adjusted Constant Prices

Figure 10:Canada, Value of Building Permits Issued, in Seasonally Adjusted Constant Prices, % Change YoY

Figure 11:Canada, Building Construction Prices Indices, 2017=100, % Change YoYs

Figure 12:Canada, Construction Employment, In Thousands, In Seasonally Adjusted Terms

Figure 13: Canada, Construction Projects Momentum Index

Figure 14: Region, Construction Projects Momentum Index

Figure 15: Canada, Commercial Construction Output by Project Type (Real, $ Million), 2017-26

Figure 16: Canada, Commercial Construction Projects Pipeline, Value by Stage ($ Million)

Figure 17:Canada, Investment on Commercial Building Construction, in CAD Million, in Seasonally Adjusted Constant Prices

Figure 18: Canada, Value of Building Permits Issued for Commercial Buildings, in CAD Million, in Seasonally Adjusted Terms

Figure 19: Canada, Number of Non-Resident Visitors Entering the Country, In Thousands

Figure 20: Canada, Retail Trade Sales, in CAD Million

Figure 21: Canada, Industrial Construction Output by Project Type (Real, $ Million), 2017-26

Figure 22: Canada, Industrial Construction Projects Pipeline, Value by Stage ($ Million)

Figure 23: Canada, Manufacturing Value-add (CAD Million, 2012 Constant Prices), Quarterly Average Seasonally Adjusted at Annual Rates

Figure 24: Canada, Investment on Industrial Building Construction, in CAD Million, in Seasonally Adjusted Constant Prices

Figure 25: Canada, Value of Building Permits Issued for Industrial Buildings, in CAD Million, in Seasonally Adjusted Terms

Figure 26: Canada, Sales Value of Goods Manufactured and New Orders of Manufacturing, in CAD Million

Figure 27: Canada, Merchandise Exports, in CAD Million

Figure 28: Canada, Industrial Building Construction Price Index, 2017=100

Figure 29: Canada, Infrastructure Construction Output by Project Type (Real, $ Million), 2017-26

Figure 30: Canada, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)

Figure 31: Canada, Value-add of Civil Engineering and Other Construction Activities, (CAD Million, 2012 Constant Prices), Quarterly Average, Seasonally Adjusted at Annual Rates

Figure 32: Canada, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2017-26

Figure 33: Canada, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)

Figure 34: Canada, Capital Expenditure in the Oil and Gas Extraction Industries, in CAD Million, In Seasonally Adjusted Terms

Figure 35: Canada, Electric Power Generation, In GWh

Figure 36: Canada, Production of Crude Oil and Other Equivalent Products, YoY % Change

Figure 37: Canada, Institutional Construction Output by Project Type (Real, $ Million), 2017-26

Figure 38: Canada, Institutional Construction Projects Pipeline, Value by Stage ($ Million)

Figure 39: Canada, Investment on Institutional Building Construction, in CAD Million, In Seasonally Adjusted Terms

Figure 40: Canada, Institutional Building Permits Issued, In CAD Million, In Seasonally Adjusted Terms

Figure 41: Canada, Institutional Building Construction Price Index, 2017=100

Figure 42: Canada, Residential Construction Output by Project Type (Real, $ Million), 2017-26

Figure 43: Canada, Residential Construction Projects Pipeline, Value by Stage ($ Million)

Figure 44: Canada, Value-add of Residential Building, (CAD Million, 2012 Constant Prices), Quarterly Average, Seasonally Adjusted at Annual Rates

Figure 45: Canada, Investment on Residential Building Construction, in CAD Million, in Seasonally Adjusted Terms

Figure 46: Canada, Residential Building Permits Issued, in CAD Million, in Seasonally Adjusted Terms

Figure 47: Canada, New Housing Price Index, 2016=100

Figure 48: Canada, Housing Construction Started in Census Metropolitan Areas

Figure 49: Canada, Headquarters of Key Contractors (% of Total Project Pipeline)

Figure 50: Canada, Headquarters of Key Consultants (% of Total Project Pipeline)

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