Posted on November - 08 - 2010
Top 10 and trend graph-October 2010
The accompanying table records the 10 largest construction project starts in Canada in October 2010. Also included is the latest trend graph on starts. This looks at 12-month moving totals of the two major non-residential building categories in Canada − total ICI starts and engineering work. ICI stands for industrial, commercial and institutional. There are several reasons for highlighting upcoming large projects. Such jobs have often received a fair amount of media coverage. Therefore, people in the industry are on the lookout for when job-site work actually gets underway. And, as showcase projects, they highlight geographically where major construction projects are proceeding. Also, total construction activity is comprised of many small and medium-sized projects and a limited number of large developments. But the largest projects, simply by their nature, can dramatically affect total dollar and square footage volumes. In other words, the timing and size of these projects have an exaggerated influence on market forecasts.
Top 10 projects of the month – October 2010 REGION (East to West) TYPE OF CONSTRUCTION DESCRIPTION Sq. Ft. 000s Dollars 000,000s Quebec Montréal Engineering Échangeur des Laurentides * $46 Ministère des transports du Québec Ontario King Township Engineering York Energy Centre Power Plant * $225 Pristine Power Inc Toronto Residential King West Condominiums 1,300 $150 (25 storeys; 1100 units; 3 structures), 65, 75, 85 East Liberty Street Plazacorp Properties Ltd Toronto Residential Ice Condominium, Phase One 700 $96 (57 storeys; 578 units; 1 structure), 16 York Street The Cadillac Fairview Corporation Ltd Kitchener Institutional Waterloo Consolidated Courthouse 540 $100 (2 storeys; 38 units; 1 structure), 59 Weber Street, will be LEED Certified Ontario Realty Corporation Thunder Bay Engineering Highway 11 * $61 Ministry of Transportation of Ontario Penetanguishene Institutional Georgian Village Long Term Care and Seniors Apartment Buildings 310 $61 (3 storeys; 266 units; 4 structures), 82 Edward Street, will be LEED Certified County of Simcoe Regional Engineering Highway 7 * $59 Municipality of Ministry of Transportation of Ontario Durham Toronto Residential U Condominiums 400 $46 (45 storeys; 401 units; 2 structures), Bay Street, St Mary’s Street and St Joseph’s Street The Pemberton Group British Columbia Kitimat-Stikine Engineering Forrest Kerr Hydroelectric Project * $195 Regional District AltaGas Income Trust TOTALS: 3,250 $1,039 *A square footage measure does not apply for alteration and engineering work. Trend lines of construction starts in Canada – October 2010 Moving totals of the latest 12 months* (CanaData Figures) *For example, the October 2010 figure is the sum of the monthly figures for November 2009 through October 2010. †ICI is the sum of industrial, commercial and institutional. The prominent jumps in the engineering curve reflect such mega project starts as Horizon Oil Sands work in Alberta (March 2005), the Canada Line LRT project between Richmond and Vancouver in B.C. (January 2006), the Eastmain 1-A hydroelectric power project in northern Québec (June 2007), the Port Mann bridge in B.C. (November 2009) and the Kearl Oil Sands Project in Alberta (April 2010). In May 2010, the ICI curve shot upward due to the McGill University medical centre project in Montreal. Data source and chart: Reed Construction Data – CanaData.
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