CANADA | MARKET INSIGHT Building up research
The University of British Columbia (UBC) is undertaking the construction of a therapeutics manufacturing plant at Canada’s Immuno-Engineering and Biomanufacturing Hub in Vancouver, British Columbia, Canada. The project involves the construction of a 2,323m2
six-storey facility. It includes the construction
of an administrative building, a cafeteria, a logistics centre, a central power plant, research centres, testing centres, storage facilities, laboratories and parking facilities, and the installation of machinery and safety and security systems. Acton Ostry Architects has been appointed as an architect, Axiom Builders as a contractor, AES Engineering, WSP Canada and Glotman Simpson Consulting Engineers have been appointed as consulting engineers.
Overall, Canada retains key strengths, including
credible policymaking, strategic leverage in trade negotiations and an active construction and an infrastructure pipeline. However, near-term risks remain elevated. External pressures stem primarily from US trade policy, volatile global energy prices and supply chain uncertainty. Domestically, these factors are contributing to weaker hiring, softer housing activity and a construction sector that requires improvements in productivity, labour capacity and permitting efficiency to support affordability and long-term growth. In March 2026, both the Federal Reserve and the Bank of Canada kept interest rates unchanged, maintaining tight construction financing conditions that are likely to slow approvals and dampen housing starts. In Canada, the outlook continues to be influenced by spillover effects from US tariff policy, contributing to a softer labour market and unemployment at 6.7%. The country also faces cost-push inflation risks linked to disruptions around the Strait of Hormuz, though it retains some negotiating leverage with the US due to its energy export profile.
Construction demand remains supported by federal capital investment plans, but housing activity continues to be constrained by low productivity, high costs and permitting delays, with British Columbia experiencing particular pressure. GlobalData reported increased risk levels in Q4 2025, with Canada rising by 0.05 index points and the US by 0.1. The US maintained 20th place in the CRI rankings, while Canada dropped one position to 18th.
Green garbage
Southern Alberta Energy from Waste Association (SAEWA) and Hitachi Zosen Inova (HZI) are planning to construct an energy-from-waste plant in Alberta, Canada. The project involves the construction of an energy-from- waste facility with a processing capacity of 16,500t of waste per annum. It includes the construction of waste recycling units, storage tanks an administrative building, a powerhouse and the installation of generators. In September 2025, the Newell Regional Solid Waste Management Authority signed two agreements with Global Green Energy Group – Canada (GGEGC), a subsidiary of Global Green International Investments to build and operate the facility. Subject to the approval from the Alberta Environment and Protected Areas (AEPA), construction works will commence to complete in the second quarter of 2027.
22 Summer 2026 |
ochmagazine.com
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