According to GlobalData, the value of Canada construction market is forecast to grow by 1.5% in real terms in 2023, having grown by 1.7% in 2022. A key growth market will be the infrastructure market, with output rising by 2.3% in real terms. GlobalData tracks and profiles all major construction projects from announcement to completion. For further insight on this market, buy the latest profiles here.
Here are the top five multi-family housing construction projects that commenced in Canada in Q4 2023, according to GlobalData’s construction projects database.
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1. Naawi-Oodena Urban Development Zone project
The project involves the construction of the Naawi-Oodena Urban Mixed-use Development Zone on 3.1ha of land in Manitoba.
Construction work started in Q4 2023 and is expected to be completed in Q3 2027.
The project aims to redevelop the former Kapyong barracks site in Winnipeg’s Tuxedo neighborhood and to enhance sustainable growth and economic prosperity of the region. Buy the profile here.
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2. 720 Beatty Street Mixed-Use Redevelopment
The project involves the construction of a mixed-use complex comprising two high-rise towers in Vancouver.
Construction work commenced in Q4 2023 and is expected to finish in Q4 2025.
The project aims to provide better residential and commercial facilities in the region. It is part of Westbank Projects Corp’s (Westbank) $79 plan to convert Vancouver’s largest natural gas steam plant into a low-carbon energy system.
3. Rosehill Residential Tower
The project involves the construction of a 31-story 103m-tall residential tower comprising 263 units in Toronto, Ontario.
Construction work started in Q4 2023 and is forecast to complete in Q1 2026.
The project aims to enhance residential facilities in the region. Buy the profile here.
4. 6340 McRobb Avenue Condominium Development
The project involves the construction of six-story and two 20-story condominium towers comprising 498 residential units in Nanaimo, British Columbia.
Construction work commenced in Q4 2023 and is expected to be completed in Q4 2026.
The aim of the project is to provide better residential facilities in the region. Buy the profile here.
5. Skyview North Condominium Tower
The project involves the construction of a six-story condominium tower comprising 362 units in Calgary, Alberta.
Construction work started in Q4 2023 and is expected to be completed in Q4 2025.
The aim of the project is to increase the residential space to meet the changing lifestyle of people in the city.
For more details on the latest construction projects, buy the profiles here.
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GlobalData’s Construction Projects database tracks over 220,000 new construction projects valued at >$25m from announcement to completion across all countries and sectors.
