The Canada Commercial Construction Market Report is Segmented by Commercial Sector Type (Office, Retail, Industrial and Logistics and Others), by Construction Type (New Construction and Renovation), by Investment Source (Public and Private), and by Geography (Toronto, Vancouver, Montreal, Calgary, Ottawa and the Rest of Canada). The Market Forecasts are Provided in Terms of Value (USD).

The Canada Construction Market was valued at USD 283.63 billion in 2024, and it is projected to increase to USD 349.78 billion by 2030, with a CAGR of 3.36%

The Canada Residential Construction Market Report is Segmented by Type (Apartment & Condominiums, and Villas & Landed Houses), by Construction Type (New Construction and Renovation), by Construction Method (Conventional On-Site, and More), by Investment Source (Public and Private), and by Geography (Toronto, Vancouver, Montreal, Calgary and the Rest of Canada). The Market Forecasts are Provided in Terms of Value (USD).

This statistic shows the employment figures for the Canadian construction sector in 2017 with projections from 2018 to 2027, broken down by gender. By 2027, over **** million of male workers are expected to be employed in the Canadian construction industry, compared to ****** female workers.

The Canada Construction Market Report is Segmented by Sector (Residential, Commercial, Infrastructure), by Construction Type (New Construction, Renovation/Retrofit), by Construction Method (Conventional On-Site, Modern Methods of Construction), by Investment Source (Public, Private, PPP), and by Region (Ontario, Quebec, BC, Alberta, Rest of Canada). Market Forecasts are Provided in Terms of Value (USD).

Discover the booming Canadian commercial building construction market! This report reveals a CAGR exceeding 5%, a market size exceeding $35 billion CAD in 2025, and key trends shaping the industry. Explore market drivers, restraints, and leading companies. Key drivers for this market are: Government Initiatives in the Infrastructure and Construction Sector to Boost the Industry, Need for Precast Concrete Technology Driving the Market. Potential restraints include: Higher Transportation Cost. Notable trends are: Office Building Construction is Expected to Dominate the Market.

The size of Canada's construction industry fell slightly in 2024. That year, the gross domestic product (GDP) of that industry amounted to ****** billion Canadian dollars. Despite some fluctuations, the GDP of the construction industry generally has increased since 1997.

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Construction Market Size 2025-2029

The construction market size is valued to increase by USD 1288.3 billion, at a CAGR of 5.5% from 2024 to 2029. Increase in residential and commercial infrastructure projects will drive the construction market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 53% growth during the forecast period.
By Type - Buildings construction segment was valued at USD 1608.40 billion in 2023
By End-user - Private sector segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 63.08 billion
Market Future Opportunities: USD 1288.30 billion
CAGR from 2024 to 2029 : 5.5%

Market Summary

The market continues to be a significant economic driver, fueled by the increasing demand for infrastructure development in various sectors. This demand is spurred by population growth, urbanization, and technological advancements. One of the most notable trends shaping the industry is the integration of artificial intelligence (AI) in construction processes. AI is revolutionizing the sector by enhancing efficiency, reducing costs, and improving safety. However, the high cost of construction machinery and materials remains a significant challenge. To mitigate this, companies are exploring innovative solutions such as Modular construction and offsite fabrication. These approaches enable the production of high-quality structures at a lower cost and with reduced environmental impact.
Furthermore, the adoption of Building Information Modeling (BIM) and other digital technologies is enabling more accurate project planning, design, and execution. Despite these advancements, the market faces complex regulatory environments and labor shortages, which necessitate collaboration and innovation to overcome. The industry's future direction lies in the continued adoption of technology and the development of sustainable, cost-effective solutions.

What will be the Size of the Construction Market during the forecast period?

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How is the Construction Market Segmented ?

The construction industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Buildings construction
  Heavy and civil engineering construction
  Land planning and development
  Specialty trade contractors


End-user

  Private sector
  Public sector


Product

  Traditional
  Sustainable


Geography

  North America

    US
    Canada


  Europe

    Germany
    UK


  APAC

    China
    India
    Indonesia
    Japan
    South Korea


  Rest of World (ROW)

By Type Insights

The buildings construction segment is estimated to witness significant growth during the forecast period.

The market continues to evolve, with buildings construction being a significant and dynamic segment. This sector encompasses residential, commercial, and multifamily buildings, each contributing to the overall growth and development of the global construction industry. For instance, Egypt's ambitious project to build a new administrative capital (NAC) 45 kilometers east of Cairo is a testament to this ongoing activity. With a goal to ease overcrowding and pollution in the current capital, NAC is expected to accommodate over six million residents and become Egypt's new political and administrative center. CSCEC, a leading Chinese state-owned enterprise, is a major player in this transformation.

Risk assessment methodologies, building envelope systems, and foundation engineering are essential elements in this evolving landscape. Innovative approaches, such as prefabricated construction methods, green building certifications, and cost estimation techniques, are shaping the future of construction. For example, 3D printing construction and modular construction techniques are revolutionizing the industry, offering faster and more cost-effective solutions. Quality control procedures, structural engineering software, and lifecycle cost analysis are crucial components in ensuring the long-term success of construction projects. Safety management systems, construction site safety, and digital twin technology are essential in minimizing risks and optimizing resource allocation. Concrete mix design, structural analysis software, and heavy equipment operation are other critical aspects that require continuous improvement.

Building automation systems, sustainable building materials, and smart building technologies are becoming increasingly important in creating energy-efficient and environmentally friendly structures. Compliance with building codes, Geotechnical engineering principles, and mep engineering design are also essential in ensuring safety and

Between 1997 and 2024, the number of employees in the construction industry in Canada increased significantly. There were over *** million workers in the construction industry in 2024, while there were less than ************** workers in 1997. That indicates the number of workers doubling in a few decades.

Discover the booming Canadian commercial building construction market! This in-depth analysis reveals a CAGR exceeding 5%, driven by economic growth, urbanization, and green building initiatives. Explore market size, key players (Pomerleau, EllisDon, PCL), regional trends (Toronto, Vancouver, Ottawa), and future projections (2025-2033). Recent developments include: March 2022: Anthem Properties (a Canadian development, investment, and management company), along with KingSett Capital (a capital market company), have acquired an 8.34-acre mixed-use site located at Willingdon Avenue and Dawson Street in the City of Burnaby's active Brentwood Town Centre. The company developed this space into a four-phased master-planned community, including 2,100 market condominiums, 340 rental units, and 60,000 square feet of new retail and office spaces., January 2022: Bird Construction Inc. (a Canadian construction company) has entered into a three-year strategic partnership for the Building Good initiative along with Chandos Construction Inc. (North America's commercial builder). Building Good is a thought leadership initiative that aims to catalyze owners and industry partners to change the way the architecture, engineering, and construction industries design and build for the betterment of people and the planet.. Key drivers for this market are: Government Initiatives in the Infrastructure and Construction Sector to Boost the Industry, Need for Precast Concrete Technology Driving the Market. Potential restraints include: Higher Transportation Cost. Notable trends are: Office Building Construction is Expected to Dominate the Market.

This table contains 2805 series, with data for years 1998 - 2000 (not all combinations necessarily have data for all years), and is no longer being released. This table contains data described by the following dimensions (Not all combinations are available): Geography (17 items: Canada; Atlantic provinces; Newfoundland and Labrador; Prince Edward Island; ...), North American Industry Classification System (NAICS) (15 items: Construction; Prime contracting; Land subdivision and land development; Building construction; ...), Revenues and expenses (11 items: Total revenues; Total operating revenues; Revenues from construction activity and related services; Other operating revenues; ...).

Canada Data Center Construction Market is Segmented by Tier Type (Tier 1 and 2, Tier 3 and Tier 4), Data Center Type(Colocation, Self-Built Hyperscalers (CSPs), Enterprise, and Edge), Infrastructure (Electrical Infrastructure, Mechanical Infrastructure). The Market Forecasts are Provided in Terms of Value (USD).

Graph and download economic data for Infra-Annual Labor Statistics: Employment: Economic Activity: Industry (Including Construction): Total for Canada (LFEAICTTCAA647N) from 1956 to 2024 about Canada, construction, employment, and industry.

GDP from Construction in Canada decreased to 170232 CAD Million in September from 170504 CAD Million in August of 2025. This dataset provides - Canada Gdp From Construction- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Building construction price indexes (BCPI), percent change, by type of building and construction division. Quarterly data are available from the first quarter of 1982. The table presents quarter-over-quarter and year-over-year percentage changes for various aggregation levels. The base period for the index is (2017=100).

Market Size statistics on the Heavy Engineering Construction industry in Canada

During the past years, the relative size of the construction industry in Canada has contracted slightly. The value of construction activities in the North American country peaked in 2015, when it made up over eight percent of the Gross Domestic Product.

View monthly updates and historical trends for Canada Real GDP by Industry: Construction. Source: Statistics Canada. Track economic data with YCharts anal…

The North America Construction Market Report is Segmented by Sector (Residential, Commercial, Infrastructure), by Construction Type (New Construction, Renovation), by Construction Method (Conventional On-Site, Modern Methods of Construction), by Investment Source (Public, Private), and by Geography (United States, Canada, Mexico). The Market Forecasts are Provided in Terms of Value (USD).

Discover the booming Canadian residential construction market! This report projects a CAGR exceeding 5% to 2033, driven by urbanization and population growth. Learn about key players, market segments (single-family, multi-family), and regional trends in Toronto, Vancouver, Calgary, and more. Recent developments include: September 2022: PCL Construction was awarded Kindred Resort - Keystone's first major development in River Run in 20 years. This USD 184 million, 321,000 square-foot mixed-use development, designed by OZ Architecture, will consist of 95 luxury ski-in/ski-out condominiums and a 107-key full-service hotel, all just steps away from the River Run Gondola at Keystone Ski Resort. The development also includes 25,000 square feet of commercial space for restaurants, retail, and amenities including a pool, spa, fitness center, ski club, and event space. Preliminary construction activities are underway to relocate utilities. Construction will continue year-round and is scheduled for completion in June 2025., January 2023: PCL Construction broke ground on Schnitzer West Living's luxury residential community, the Avant, in the Denver Tech Center. The Avant is situated on the corner of Greenwood Plaza Boulevard and East Caley Avenue. The property includes 337 highly curated for-rent residences, complete with modern amenities and a two-level indoor structured parking garage with a capacity for roughly 450 cars. Residents will enjoy commanding views of the surrounding mountains year-round from their homes and the property's outdoor pool and hot tub. The property is Schnitzer West's first multifamily residential building, bringing luxurious living experiences to Denver's Tech Center.. Notable trends are: Drop in Building Permits Due to High Interest Rates.