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.
Smarter leaders trust GlobalData
1. 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 expected to be completed in Q3 2026.
It is located just south of Bloor Street between Sherbourne and Parliament Streets.
2. 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 finish in Q4 2027.
3. 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 forecast to complete in Q4 2027.
4. Cheakamus Crossing Phase 2 Housing Complex
The project involves the construction of two four-story rental buildings comprising 104 units in Whistler, British Columbia.
Construction work commenced in Q3 2024 and is expected to be completed in Q4 2026.
5. Yellowstone Residential Tower
The project involves the construction of a 20-story 67m-high residential tower comprising 205 units in Calgary, Alberta.
Construction work started in Q3 2024 and is expected to be completed in Q4 2026.
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.
GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
GlobalData’s Construction Projects database tracks over 220,000 new construction projects valued at >$25m from announcement to completion across all countries and sectors.
