Here are the top five multi-family housing construction projects that commenced in Canada in Q3 2021, according to GlobalData’s construction projects database.
1. Metrotown Property Redevelopment – $778m
The project involves the construction of seven multipurpose facility towers on a 3.60ha site on the South Side of Kingsway at Nelson Avenue, Next to Metropolis in Burnaby.
Construction work started in Q3 2021 and is expected to be completed in Q4 2023.
The project aims to provide a diverse range of modern amenities including, residential, hotel, retail, commercial, and innovation facilities under one roof for people in the city.
2. 58 West Hastings St Social Housing & Health Center – $114m
The project involves the construction of a 10-story 231 units social housing and health center in Vancouver, British Columbia.
Construction work commenced in Q3 2021 and is expected to finish in Q4 2024.
The main aim of the project is to provide enhanced housing and health facilities for the region.
3. 1698 West Georgia Condominium Tower – $100m
The project involves construction of a 99m-high 16,528m2, 33-story condominium tower with 127 units in Vancouver, British Colombia.
Construction work started in Q3 2021 and is forecast to complete in Q4 2023.
The project aims to provide better residential facilities in the region.
4. Nordic Condominium Development – $100m
The project involves construction of a 41m-high 12-story condominium tower in Ontario.
Construction work commenced in Q3 2021 and is expected to be completed in Q4 2023.
5. James at Scrivener Square Residential Complex – $50m
The project involves the construction of a 21-story, 23,530m2 residential complex with 141 units in Ontario.
Construction work started in Q3 2021 and is expected to be completed in Q1 2025.
The project aims to provide better residential and retail facilities in the region.
Methodology: This analysis is drawn from GlobalData’s global construction projects database, which tracks new construction projects over $25m from announcement to completion.
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