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Canada Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (Q4 2025)

Publisher GlobalData
Published Dec 31, 2025
Length 59 Pages
SKU # GBDT20850876

Description

Canada Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (Q4 2025)

Summary

GlobalData expects the construction industry in Canada to expand by 2.2% in real terms in 2025 and then grow by a further 2.6% in 2026. The sector will be supported by public and private sector investments in residential and non-residential construction, coupled with increase in investment in transport infrastructure. The total investment in building construction grew by 4.5% year on year (YoY) during the first nine months of 2025, according to Statistics Canada. By segment, residential construction grew by 6.8% YoY and institutional construction grew by 6% YoY in January-September 2025. However, the Canadian construction industry is expected to face challenges in short term, due to the ongoing political tensions between Canada and the US, following President Donald Trump’s punitive tariff measures. President Donald Trump announced an additional 10% tariff on Canadian goods, raising the total tariff on many Canadian imports to 35%. Among the most severe measures were duties on key construction materials - steel, aluminum, and lumber -disproportionately affecting the construction industry. According to Statistics Canada, the total value of building permits issued declined by 2.1% YoY in the first nine months of 2025. By segments, the total value of residential building permits registered a muted performance, while the value of non-residential building permits fell by 5.3% YoY in January-September 2025.

Over the remainder of the forecast period, the Canadian construction industry is expected to register an annual average rate of 2.8% from 2026 to 2029. Construction growth will be supported by government investments to improve regional connectivity, increase renewable energy provisions, and increase investments for affordable housing projects. Prime Minister Mark Carney launched the federal Build Canada Homes agency in mid-September 2025 with the aim of supporting the construction of transitional and supportive housing. The plans include building 4,000 homes on six federally owned sites, with an investment worth CAD13 billion ($9.5 billion) which is planned to start from 2026. Furthermore, under Canada’s National Housing Strategy, a 10-year initiative launched in 2017, the government is planning to build 60,000 new housing units and as well as renew 170,000 housing units by 2029. Total investment for the project is expected to be CAD14.6 billion ($10.8 billion). As of March 2025, 20,139 units of the planned total are currently under construction and 19,496 units have now been completed.

GlobalData’s Construction in Canada - Key Trends and Opportunities to 2029 (Q4 2025) report provides detailed market analysis, information, and insights into the Canadian construction industry, including:
  • The Canadian construction industry's growth prospects by market, project type and construction activity
  • Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Canadian construction industry
  • Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
Scope

This report provides a comprehensive analysis of the construction industry in Canada. It provides -
  • Historical (2020-2024) and forecast (2025-2029) valuations of the construction industry in Canada, featuring details of key growth drivers.
  • Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
  • Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
  • Listings of major projects, in addition to details of leading contractors and consultants
Reasons to Buy
  • Identify and evaluate market opportunities using our standardized valuation and forecasting methodologies
  • Assess market growth potential at a micro-level with over 600 time-series data forecasts
  • Understand the latest industry and market trends
  • Formulate and validate business strategies using GlobalData's critical and actionable insight
  • Assess business risks, including cost, regulatory and competitive pressures
  • Evaluate competitive risk and success factors

Table of Contents

59 Pages
1 Executive Summary
2 Construction Industry: At-a-Glance
3 Context
3.1 Economic Performance
3.2 Political Environment and Policy
3.3 Demographics
3.4 Risk Profile
4 Construction Outlook
4.1 All Construction
Outlook
Latest news and developments
Construction Projects Momentum Index
4.2 Commercial Construction
Outlook
Project analytics
Latest news and developments
4.3 Industrial Construction
Outlook
Project analytics
Latest news and developments
4.4 Infrastructure Construction
Outlook
Project analytics
Latest news and developments
4.5 Energy and Utilities Construction
Outlook
Project analytics
Latest news and developments
4.6 Institutional Construction
Outlook
Project analytics
Latest news and developments
4.7 Residential Construction
Outlook
Project analytics
Latest news and developments
5 Key Industry Participants
5.1 Contractors
5.2 Consultants
6 Construction Market Data
7 Appendix
7.1 What is this Report About?
7.2 Definitions
7.3 CRI Methodology
8 About GlobalData
9 Contact Us
List of Figures
Figure 1: North America, Construction Output (Real % Change), 2023–29
Figure 2: Canada, Construction Output by Sector (Real % Change), 2023–25 and 2026–29
Figure 3: Canada, Risk Summary
Figure 4: Canada, Risk Regional Comparison
Figure 5: Canada, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2020–29
Figure 6: Canada, Construction Output Value, by Sector (Real, $ Million), 2020–29
Figure 7: Canada, Construction Value-Add (CAD Million, 2012 Constant Prices), Seasonally Adjusted at Annual Rates
Figure 8: Canada, Investment in Building Construction (CAD Million, Seasonally Adjusted Constant Prices)
Figure 9: Canada, Value of Building Permits Issued, in Seasonally Adjusted Constant Prices, % Change YoY
Figure 10: Canada, Construction Employment, In Thousands, In Seasonally Adjusted Terms
Figure 11: Canada, Building Construction Prices Indices, 2017=100, % Change (YoY)
Figure 12: Canada, Construction Projects Momentum Index
Figure 13: North America, Construction Projects Momentum Index
Figure 14: Canada, Commercial Construction Output by Project Type (Real, $ Million), 2020–29
Figure 15: Canada, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 16: Canada, Investment on Commercial Building Construction (CAD Million, Seasonally Adjusted Constant Prices)
Figure 17: Canada, Value of Building Permits Issued for Commercial Buildings (CAD Million, Seasonally Adjusted Terms)
Figure 18: Canada, Number of Non-Resident Visitors Entering the Country, In Thousands
Figure 19: Canada, Retail Trade Sales (CAD Million), In Nominal Prices
Figure 20: Canada, Industrial Construction Output by Project Type (Real, $ Million), 2020–29
Figure 21: Canada, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 22: Canada, Manufacturing Value-add, Seasonally Adjusted at Annual Rates (CAD Million, 2012 Constant Prices)
Figure 23: Canada, Investment on Industrial Building Construction (CAD Million, Seasonally Adjusted Constant Prices)
Figure 24: Canada, Value of Building Permits Issued for Industrial Buildings (CAD Million, Seasonally Adjusted Terms)
Figure 25: Canada, Sales Value of Goods Manufactured and New Orders of Manufacturing (CAD Million)
Figure 26: Canada, Merchandise Exports (CAD Million)
Figure 27: Canada, Infrastructure Construction Output by Project Type (Real, $ Million), 2020-29
Figure 28: Canada, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 29: Canada, Value-add of Civil Engineering and Other Construction Activities, Quarterly Average, Seasonally Adjusted at Annual Rates (CAD Million, 2012 Constant Prices)
Figure 30: Canada, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2020-29
Figure 31: Canada, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 32: Canada, Capital Expenditure in the Oil and Gas Extraction Industries (CAD Million, In Seasonally Adjusted Terms)
Figure 33: Canada, Electric Power Generation, In GWh
Figure 34: Canada, Production of Crude Oil and Other Equivalent Products, YoY % Change
Figure 35: Canada, Institutional Construction Output by Project Type (Real, $ Million), 2020-29
Figure 36: Canada, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 37: Canada, Investment on Institutional Building Construction (CAD Million, In Seasonally Adjusted Terms)
Figure 38: Canada, Institutional Building Permits Issued (CAD Million, Seasonally Adjusted Terms)
Figure 39: Canada, Residential Construction Output by Project Type (Real, $ Million), 2020-29
Figure 40: Canada, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 41: Canada, Value-add of Residential Building, Seasonally Adjusted at Annual Rates (CAD Million, 2012 Constant Prices)
Figure 42: Canada, Investment on Residential Building Construction (CAD Million, Seasonally Adjusted Terms)
Figure 43: Canada, Residential Building Permits Issued (CAD Million, Seasonally Adjusted Terms)
Figure 44: Canada, New Housing Price Index, 2016=100
Figure 45: Canada, Dwelling Construction Started in Canada, In Number
Figure 46: Canada, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 47: Canada, Headquarters of Key Consultants (% of Total Project Pipeline)

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