The Canadian Residential Construction Market Report is Segmented by Type (apartments/Condominiums and Villas/Landed Houses), and by Key City (Edmonton, Calgary, Toronto, Vancouver, Ottawa, Montreal, and Rest of Canada). The Report Offers Market Sizes (USD) and Forecasts for all the Above Segments.

The size of Canada's construction industry fell by over two billion Canadian dollars in 2023. That year, the gross domestic product (GDP) of that industry amounted to 164.7 billion Canadian dollars. Despite some fluctuations, the GDP of the construction industry has increased since 1997.

The Report Covers Canada Commercial Construction Companies and It is Segmented by Type (Office, Retail, Industrial and Logistics, Hospitality, and Others)

The Canada Data Center Construction Market Report is Segmented by Infrastructure (Electrical Infrastructure [Power Distribution Solution (PDU, Transfer Switches, Switchgear, Power Panels and Components, and Others), Power Back-Up Solution (UPS and Generators), and Service (Design and Consulting, Integration, and Support and Maintenance)], Mechanical Infrastructure [Cooling Systems (Immersion Cooling, Direct-To-Chip Cooling, Rear Door Heat Exchanger, and In-Row and In-Rack Cooling), Racks, and Other Mechanical Infrastructure], and General Construction), Tier Type (Tier 1 and 2, Tier 3, and Tier 4), and End User (Banking, Financial Services and Insurance, IT and Telecommunications, Government and Defense, Healthcare, and Other End Users). The Report Offers Market Forecasts and Size in Value (USD) for all the Above Segments.

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 1.08 million of male workers are expected to be employed in the Canadian construction industry, compared to 46,000 female workers.

The Canadian commercial building construction market is experiencing robust growth, projected to maintain a Compound Annual Growth Rate (CAGR) exceeding 5% from 2025 to 2033. This expansion is fueled by several key drivers. Firstly, a burgeoning Canadian economy, particularly in major cities like Toronto, Vancouver, and Ottawa, is stimulating demand for new office spaces, retail outlets, and hospitality facilities. Secondly, increasing urbanization and population growth are creating a need for more infrastructure and commercial buildings across the country. Thirdly, government initiatives promoting sustainable and green building practices are driving investment in environmentally conscious construction projects. Finally, technological advancements in construction methods and materials are enhancing efficiency and reducing project timelines. The market is segmented across various building types, with hospitality, office, and retail construction representing significant shares. While the "Other Types" segment also contributes, its exact breakdown requires further investigation.
However, the market faces certain restraints. Fluctuations in material costs, labor shortages, and potential economic downturns can impact project timelines and budgets. Furthermore, stringent building codes and regulations can increase project complexity and costs. Despite these challenges, the long-term outlook remains positive, driven by ongoing urbanization, economic growth, and a sustained need for modern commercial spaces across diverse sectors. Key players like Pomerleau Inc, EllisDon Group, and PCL Construction are well-positioned to capitalize on these opportunities. Competitive pressures are high, encouraging innovation and efficiency within the industry. The ongoing development and revitalization projects in major Canadian cities, particularly in Toronto, Vancouver and Ottawa, are expected to continue attracting significant investments in the commercial construction sector throughout the forecast period. This comprehensive report provides an in-depth analysis of the Canada commercial building construction market, covering the period from 2019 to 2033. With a base year of 2025 and an estimated year of 2025, this report offers valuable insights into market size, growth drivers, challenges, and key players. The report utilizes data from the historical period (2019-2024) and forecasts market trends until 2033. It's an essential resource for industry professionals, investors, and anyone seeking to understand this dynamic market. 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.

The value of new construction put in place in Canada was expected to increase slightly in 2024. That came after drop in the value of constructions put in place in 2023. Construction spending for all types of construction projects in Canada amounted to approximately 368.8 billion U.S. dollars in 2023. By 2028, it is expected to reach over 445 billion U.S. dollars.

The Canada Data Center Construction report provides a detailed analysis of emerging investment pockets, highlighting current and future market trends. It offers strategic insights into capital flows and market shifts, guiding investors toward growth opportunities in key industry segments and regions.

Investment pouring into residential housing construction has benefited apartment and condominium construction activity in Canada in recent years. Immigration into Canada has spurred record population growth, fueling a deepening housing crisis. In major urban centres, demand for housing units has exceeded the supply for years, inciting investment in retrofits and multistory apartment dwellings. Apartment contractors have been vital in filling the gaps in housing, with a low-interest environment and chronically low vacancy rates enticing investors. The imbalance between housing supply and demand kept investors bullish on apartments through COVID-19 pandemic uncertainty, supporting growth. Still, the pandemic's disruption to global supply chains didn't spare contractors, with equipment and material costs reaching unprecedented highs. Particularly through 2021 and 2022, materials price and wage inflation pushed up contractors rates, contributing to industry revenue growth. While the year following saw slower building construction price inflation, high demand has kept the price level from falling. In all, industry-wide revenue has been rising at an expected CAGR of 4.2% over the past five years, totaling an estimated $62.3 billion in 2025, when revenue will rise an expected 2.6%. Beginning in 2022, the Bank of Canada steadily raised or maintained interest rates to combat inflation. Higher interest rates made developers more hesitant to invest in projects, driving up costs for builders and impeding profit. In 2024, however, the Bank of Canada began cutting interest rates, continuing the policy into 2025. Contractors will navigate a challenging landscape over the coming years. While interest rates will continue to fall, they will not reach pandemic lows. Labour shortages and elevated costs will also strain contractors' capacity. These challenges will face the broader construction sector, pushing federal and provincial governments to introduce infrastructure and workforce development programs. Over the next five years, apartment and condominium construction revenue is expected to expand at a CAGR of 1.9% to reach $68.4 billion in 2030.

Expert industry market research on the Commercial Building Construction in Canada (2005-2031). Make better business decisions, faster with IBISWorld's industry market research reports, statistics, analysis, data, trends and forecasts.

Between 1997 and 2023, the number of employees in the construction industry in Canada increased significantly. There were over 1.2 million workers in the construction industry in 2023, while there were less than half a million workers in 1997. That indicates the number of workers doubling in a few decades.

Canada Commercial Construction Market size was valued at USD 13.04 Billion in 2024 and is projected to reach USD 19.2 Billion by 2032, growing at a CAGR of 5.28% from 2025 to 2032.

Canada Commercial Construction Market: Definition/ Overview

In Canada, Commercial construction refers to the construction of structures and infrastructure for business purposes, such as office buildings, retail spaces, industrial facilities, and mixed-use developments. This industry is critical to the country's economy, contributing to urbanization, job development, and the expansion of basic services. High-rise office buildings, shopping malls, hotels, warehouses, and transit hubs are all important applications that must suit the needs of a rising and diversified population.

The North America Construction Market report segments the industry into By Country (Canada, United States), By Sector (Commercial Construction, Residential Construction, Industrial Construction, Infrastructure (Transportation) Construction, Energy and Utilities Construction), and By Construction Type (Additions, Demolition and New Constructions). Five-year historical trends and forecasts are included.

Expert industry market research on the Heavy Engineering Construction in Canada (2005-2030). Make better business decisions, faster with IBISWorld's industry market research reports, statistics, analysis, data, trends and forecasts.

Construction managers were the type of employees in the construction sector with the highest salary in the last quarter of 2023. They earned on average over 40 Canadian dollars per hour, while construction trades helpers and laborers, which was the occupation with the lowest average wage, earned nearly 22.6 Canadian dollars per hour.

The Canada data center construction market is experiencing robust growth, projected to reach a market size of $3.02 billion in 2025, exhibiting a Compound Annual Growth Rate (CAGR) of 10.60% from 2019 to 2033. This expansion is fueled by several key drivers. The increasing adoption of cloud computing and digital transformation initiatives across various sectors, including banking, finance, IT & telecommunications, and government, necessitates substantial investments in data center infrastructure. Furthermore, the rising demand for high-performance computing (HPC) and edge computing solutions is driving the construction of new facilities and upgrades to existing ones. Growth in e-commerce and the proliferation of data-intensive applications are also contributing factors. The market segmentation reveals significant opportunities within electrical infrastructure (power distribution solutions, backup systems) and mechanical infrastructure (cooling systems, racks). Tier III and Tier IV data centers, characterized by higher levels of redundancy and reliability, are attracting considerable investments, indicating a shift towards advanced infrastructure solutions. While specific regional breakdowns within Canada are not provided, we can infer strong growth in major metropolitan areas with established tech hubs and significant business activity. The involvement of major construction companies like Black & Veatch, CRSC, and others highlights the substantial investments being made in this sector. The market's projected CAGR suggests continued expansion throughout the forecast period (2025-2033). However, potential restraints could include fluctuating energy prices impacting operational costs, skilled labor shortages within the construction industry, and potentially increased regulatory scrutiny concerning environmental impact and sustainability. Nonetheless, the long-term outlook remains positive, driven by the unrelenting demand for data storage and processing capabilities. The market is likely to see further consolidation among construction firms, alongside the emergence of specialized data center construction companies catering to the specific needs of various end-user segments. The ongoing technological advancements in cooling technologies and power management will further shape the market landscape in the coming years. Recent developments include: January 2023: ManageEngine, the IT management arm of Zoho Corporation, unveiled two new data centers in Toronto and Montreal, underlining its dedication to the Canadian market and its aim to provide local data solutions for Canadian clients., March 2023: eStruxture announced its plans to launch its CAL-2 facility, a tier 3 data center, in the Calgary area, introducing significant hyperscale capacity to the market.. Key drivers for this market are: 4., The Increasing Demand for Cloud Services and Data Storage to Boost Market Growth4.; Increase in Data Center Activities Such as M&A and JV to Boost Growth. Potential restraints include: 4., The Increasing Demand for Cloud Services and Data Storage to Boost Market Growth4.; Increase in Data Center Activities Such as M&A and JV to Boost Growth. Notable trends are: Tier 3 Data Centers were Expected to Record Significant Market Share in 2023.

The North American residential construction market is segmented by property type (single family and multi-family), construction type (new construction and renovation), and region (United States, Canada, and Mexico). The report offers size and forecasts for the North American residential construction market in terms of value (USD billion) for all the above segments. The impact of the COVID-19 pandemic is also covered in the report.

This statistic displays the distribution of employment in the Canadian construction sector in 2019, broken down by sector. Around 27 percent of the employees in the Canadian construction industry work in residential innovation and maintenance.

The Report Covers North America Modular Construction Market Size & Companies and is Segmented by Type (Permanent, and Relocatable), Sector (Residential and Commercial), and Country (The United States, Canada, and Mexico). The Market Sizes and Forecasts for the North America Modular Construction Market are provided in terms of Revenue (USD billion) for all the above segments.

Graph and download economic data for Production: Industry: Total Industry Excluding Construction for Canada (PRINTO01CAA659S) from 1962 to 2024 about Canada, IP, and construction.