Top 10 and Trend Graph-January 2014

The accompanying table records the 10 largest construction project starts in Canada in January 2014. Also included is the latest trend graph on starts. This looks at 12-month moving totals of the two major non-residential building categories in Canada − total ICI starts and engineering work. ICI stands for industrial, commercial and institutional.

There are several reasons for highlighting upcoming large projects. Such jobs have often received a fair amount of media coverage. Therefore, people in the industry are on the lookout for when job-site work actually gets underway. And, as showcase projects, they highlight geographically where major construction projects are proceeding.

Also, total construction activity is comprised of many small and medium-sized projects and a limited number of large developments. But the largest projects, simply by their nature, can dramatically affect total dollar and square footage volumes. In other words, the timing and size of these projects have an exaggerated influence on market forecasts.

Top 10 projects of the month - January 2014

REGION (EAST TO WEST)	TYPE OF CONSTRUCTION	DESCRIPTION	SQ. FT. 000S	DOLLARS 000,000S
Quebec:
Sorel	Institutional	Établissement de détention de Montérégie	247	$265
		(2 storeys; 380 units; 1 structure), 400 rue Auber
		Horizon Justice Sorel-Tracy
Montréal	Engineering	boul Pullman, rues St-Jacques et St-Rémi	*	$56
		Ministère des transports du Québec
Vaudreuil-Dorion	Residential	Le Onze de la gare phase trois	255	$37
		(5 storeys; 200 units; 4 structures), boul de la Gare
		Groupe Quorum inc
Ontario:
Oakville	Industrial	Ford Plant Oakville Alterations	*	$50
		(1 storeys; 1 structure), 1400 The Canadian Road
		Ford Motor Company
London	Residential	Pomeroy Place, Building B	294	$45
		(16 storeys; 232 units; 1 structure), 885 Southdale Road
		Old Oak Properties
Mississauga	Commercial	Spectrum Square, Building One	140	$28
		(6 storeys; 1 structure), 5015 Spectrum Way
		HOOPP Realty Inc.
Alberta:
Wood Buffalo	Engineering	Hangingstone Thermal Oil Sands Expansion Project	*	$1,400
		Japan Canada Oil Sands Ltd.
Division No. 12	Engineering	Highway 63 Bridge	*	$46
		Alberta Transportation
Edmonton	Commercial	Canadian Tire Store	223	$28
		(2 storeys; 1 structures), 2110 101 Street Northwest
		Canadian Tire Corp. Ltd.
British Columbia:
North Vancouver	Residential	Beacon at Seylynn Village, Phase One	215	$34
		(24 storeys; 201 units; 1 structure), Fern Street, Keith Road, will be LEED Certified
		Seylynn North Shore Properties Corp.
TOTALS:			1,374	$1,989

*A square footage measure does not apply for alteration and engineering work.

Trend lines of construction starts in Canada – January 2014
Moving totals of the latest 12 months* (CanaData Figures)

*For example, the January 2014 figure is the sum of the monthly numbers for February 2013 through Janaury 2014.
†ICI is the sum of industrial, commercial and institutional.

The prominent jumps in the engineering curve reflect such mega project starts as Horizon Oil Sands work in Alberta (March 2005), the Eastmain 1-A hydroelectric power project in northern Québec (June 2007), the Kearl Oil Sands Project in Alberta (April 2010), the Firebag 4 SAGD Oil Sands project in Alberta (June 2011) and the Voyageur heavy oil processing plant Alberta (August 2011). In May 2010, the ICI curve shot upward due to the McGill University medical centre project in Montreal. In March 2012, Alcan's modernization project in Kitimat was initiated.

via:http://www.reedconstructiondata.com/market-intelligence/articles/top-10-and-trend-graph-january-2014