CANADA | MARKET INSIGHT Canada, construction projects momentum index


1.0 0.9 0.8 0.7 0.6 0.5 0.4 0.3 0.2 0.1 0.0


Jun 24 Jul 24 Aug 24 Sept 24 Oct 24 Nov 24 Dec 24 Jan 25 Feb 25 Mar 25 Apr 25 May 25 Jun 25 Jul 25


Canada, industrial construction output by project type (real % change), 2020–29 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029


Chemical and pharmaceutical plants Manufacturing plants Metal and material production and processing plants Waste processing plants Total -2.7 -3.2 4.6 24.4 0.8 -2.4 -2.8 -2.2 3.0 -2.6 -4.2 8.7 33.3 6.1 -2.2 -0.7 1.8 -2.7 -2.4 1.9 23.2 -1.1 -3.5 -2.5 1.8 -2.7 -1.8 -4.2 8.9 0.4 -0.2 -8.3 3.4 -2.7 -3.1 3.8 24.5 2.7 -2.1 -2.9 2.2


Canada, industrial construction projects pipeline, value by stage ($ million)  Pre-planning  Planning  Pre-execution  Execution


2.5 1.7 3.1 2.6 3.3 2.3 1.4 3.4 2.6  Raw score  Trend score


0


50,000


100,000 Canada, top industrial construction projects by value Project name


Lac Otelnuk Iron Ore Processing Plant Jansen Potash Mine Surface Facilities


Nujioqonik Renewable Green Hydrogen Project Alliston Electric Vehicle and Battery Assembly Facility Project Gwinya Green Hydrogen Hub Courageous Lake Gold Mine Development Wheatland County Airplane Manufacturing Plant


Central Newfoundland Green Hydrogen and Ammonia Production Facility Tse’khene Energy Hub Hydrogen Plant St. Thomas EV Battery Plant


20 Winter 2025 | ochmagazine.com Stage


Planning Execution Execution Planning Planning


Pre-planning Planning


Pre-planning Planning


Pre-planning Value ($ million)


14,186 12,978 12,815 11,000 10,000 9,642 7,000 6,370 5,122 5,049


Start


2028 Q1 2021 Q4 2024 Q2 2025 Q4 2025 Q4 2026 Q3 2027 Q4 2026 Q3 2027 Q4 2025 Q3


Completion


2033 Q1 2029 Q4 2029 Q1 2028 Q4 2031 Q1 2031 Q2 2034 Q4 2028 Q1 2033 Q4 2027 Q2


150,000


200,000


250,000


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