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).

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).

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).

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.

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 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 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.

The value of new construction put in place in Canada was expected to increase slightly in 2025, reaching *** billion Canadian dollars. Construction spending for all types of construction projects in Canada amounted to approximately ***** billion U.S. dollars in 2024. By 2028, it is expected to reach over ***** billion U.S. dollars.

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.

This statistic displays the distribution of employment in the Canadian construction sector in 2019, broken down by sector. Around ** percent of the employees in the Canadian construction industry work in residential innovation and maintenance.

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).

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.

The Canada construction equipment market, valued at $3.20 billion in 2025, is projected to experience robust growth, driven by significant infrastructure development projects and a burgeoning construction sector. The 7.30% CAGR forecast for the period 2025-2033 indicates a substantial expansion, fueled by increasing urbanization, government initiatives focused on improving transportation networks and residential housing, and a growing demand for efficient and technologically advanced machinery. Key segments driving this growth include excavators, loaders and backhoes, and telescopic handlers, utilized across various construction applications, from residential to large-scale commercial projects. The shift towards environmentally friendly solutions is also influencing market trends, with a gradual increase in the adoption of electric and hybrid machinery, although internal combustion engine-powered equipment currently dominates. Competitive pressures from established players like Caterpillar, Komatsu, and Volvo, alongside the rise of regional manufacturers, contribute to market dynamism. Challenges such as fluctuating commodity prices, potential labor shortages, and the need to comply with stringent environmental regulations could influence market trajectory. However, ongoing government investments and a positive outlook for the broader Canadian economy are expected to offset these restraints, ensuring continued expansion of the construction equipment market in the coming years. The market's segmentation by machinery type reveals strong demand across various categories, reflecting the diversity of construction activities in Canada. Cranes are crucial for high-rise construction and infrastructure projects, while excavators, loaders, and backhoes dominate earthmoving and site preparation. The "other machinery types" segment encompasses specialized equipment reflecting niche market requirements. Similarly, the propulsion segmentation showcases a preference for internal combustion engines due to their established reliability and power output. However, the electric and hybrid segment is steadily gaining traction, driven by growing environmental awareness and government incentives promoting sustainable construction practices. Regional variations within Canada may exist, with urban centers exhibiting higher demand than less densely populated regions. Overall, the market presents attractive opportunities for both established players and emerging companies seeking to capitalize on the increasing demand for modern, efficient, and environmentally conscious construction equipment. Recent developments include: June 2023: LiuGong introduced the 856H-E MAX Wheel Loader, which is part of the company's range of electric construction., April 2022: Doosan Infracore North America introduced four next-generation -7-series mini excavators in Canada. Four excavator models include the zero-tail swing DX27Z-7, DX35Z-7, and DX50Z-7, as well as the reduced tail swing DX55R-7.. Key drivers for this market are: Growing Infrastructure Activities Across the Country. Potential restraints include: Growing Infrastructure Activities Across the Country. Notable trends are: Growing Infrastructure development.

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.

Canada's construction equipment market was valued at 75,709 units and is forecasted will reach 97,274 units by 2029, growing at a CAGR of 4.27% during 2024-2029. Canada's earthmoving equipment market is projected to witness robust growth during the forecasted period

Homebuilders have endured considerable volatility. Immigration into Canada has led to unprecedented population growth, exacerbating an existing housing crisis. New housing starts haven't kept up with the population growth, making homebuilders more critical than ever to meet housing needs. Home shortages and changes in buying behaviour supported homebuilders during the COVID-19 pandemic early in the recent five year period. Still, the pandemic's disruption to global supply chains didn't spare contractors, with equipment and material costs reaching unprecedented highs. Interest rate hikes in 2022 and 2023 slowed new relevant housing construction, spurring apartment building construction as consumers increasingly sought out renting. Also, the First Time Homebuyer Incentive, which seemed like a potential boon to homebuilders, largely lacked success and was repealed. Industry-wide revenue has been declining at a CAGR of 0.1% over the past five years – totaling an estimated $30.3 billion in 2025 – when revenue will climb an estimated 1.6%. The Bank of Canada raising rates in 2022 and 2023 led to a massive slowdown for homebuilders, even as the Canadian government tried to ramp up the number of housing units constructed. Higher interest rates make developers cautious about new projects, drive up construction costs for builders and push potential homebuyers out of the market. The Bank of Canada has decreased rates in 2024 and 2025 for the first time since 2022, potentially providing a boost to homebuilders. Labour shortages for home builders have hiked wage costs and hindered profit. Homebuilders will enjoy solid growth over the next five years. Interest rate cuts and low housing supply will spur downstream homebuying activity. Still, labour shortages and material costs will continue to strain contractors' capacity. These challenges will impact the broader construction sector, incentivizing federal and provincial governments to fund workforce development and tech adoption programs. Government initiatives like the First-Time Home Buyers’ Tax Credit, the First Home Savings Account (FHSA) and the Home Buyers Plan (HBP) will support homebuilding. Homebuilders' revenue is forecast to expand at a CAGR of 1.7% to $33.0 billion through the end of 2030.

Explore the booming Canadian data center construction market. Discover key growth drivers, emerging trends in cooling and power solutions, market size projections, CAGR of 8.94%, and leading companies shaping the future of digital infrastructure. Key drivers for this market are: 9.1 Growing Cloud Applications, AI, and Big Data9.2 Growing Adoption of Hyperscale Data Centers in Large Enterprises9.3 Advent Green Data Center. Potential restraints include: 10.1 High CaPex, OpEx & TCO for building Data Center. Notable trends are: BFSI to hold major market share.

The Canadian construction plastic market is projected to reach over USD 3.86 billion by 2030, supported by trends in sustainable building materials and infrastructure projects.

Number of Businesses statistics on the Commercial Building Construction industry in Canada