CANADA | MARKET INSIGHT


Project analytics


Canada’s industrial construction pipeline – covering all projects above $25m – totals $227.9bn, as tracked by GlobalData. As of September 2025, 67.3% of this value is in early- stage planning or pre-planning. The largest project in the pipeline is the $14.2bn Lac Otelnuk Iron Ore Processing Plant, which includes primary and secondary crushing facilities, product screening, a dry processing system, product sampling stations, rail siding, storage, and administrative buildings. Another major project is the $13bn Jansen Potash Mine Surface Facilities, involving excavation of two 6.5m shafts approximately 1,005m deep, with a 160,000t on annual capacity. Additional work includes service shafts, a head frame and hoist, six underground borers, essential surface infrastructure, and a freezing plant. 


Canada, construction output value (real, $ million, 2022 prices and exchange rate), 2020–29


Note: GlobalData changed base year from 2024 report onwards, now prices and exchange rates kept constant at the 2022 levels


400,000 350,000 300,000 250,000 200,000 150,000 100,000 50,000 0


2020 2021 2022 2023 2024 2025 2026 2027 2028 2029  Value  % change


Canada, construction output by Ssector (real % change), 2023–25 and 2026–29 8% 6% 4% 2% 0% -2% -4%


 2023–2025  2026–2029 Commercial Industrial Infrastructure Energy & utilities Institutional Residential ochmagazine.com | Winter 2025 19


8% 6% 4% 2% 0% -2% -4%


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