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 Q4 2024, according to GlobalData’s construction projects database.
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1. Inspiration Lakeview Mixed-Use Complex
The project involves the construction of the mixed-use complex on 71ha of land in Mississauga, Ontario.
Construction work started in Q4 2024 and is expected to be completed in Q4 2028.
The project aims to redevelop the power plant site and an industrial area north of the site, thereby providing modern residential and commercial facilities. Buy the profile here.
2. Waasigan Transmission Line
The project involves the construction of two 230kV transmission lines in Ontario.
Construction work commenced in Q4 2024 and is expected to finish in Q4 2027.
This project aims to bring an additional 350MW of electricity to the region and will create 400 jobs.
3. 10-24 Grove Street West Residential Towers
The project involves the construction of residential towers in Barrie, Ontario.
Construction work started in Q4 2024 and is forecast to complete in Q4 2029.
4. Choice Caledon Business Park
The project involves the construction of a 557,418m2 industrial building on 154ha of land in Caledon, Ontario, Canada
Construction work commenced in Q4 2024 and is expected to be completed in Q4 2028.
5. Cadetta Johnston Transit Facility
The project involves the construction of a new transit facilities in Brampton, Ontario.
Construction work started in Q4 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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GlobalData’s Construction Projects database tracks over 220,000 new construction projects valued at >$25m from announcement to completion across all countries and sectors.
