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 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. 10-24 Grove Street West Residential Towers
The project involves the construction of residential towers in Barrie, Ontario.
Construction work commenced in Q4 2024 and is expected to finish in Q4 2029.
3. Redwood on Yonge Condominium Towers
The project involves the construction of condominium towers in Newmarket, Ontario.
Construction work started in Q4 2024 and is forecast to complete in Q4 2027.
4. The Frederick Condominium Tower
The project involves the construction of an 100m-tall, 28-story condominium building in Ontario.
Construction work commenced in Q4 2024 and is expected to be completed in Q4 2026.
5. Vine & West 49th Rental Community
The project involves the construction of an 8,779m2 rental community comprising 149 units in Vancouver, British Columbia.
Construction work started in Q4 2024 and is expected to be completed in Q3 2026.
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.
