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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 2030 (Q3 2026)

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    Report

  • 66 Pages
  • September 2026
  • Region: Canada
  • GlobalData
  • ID: 6116080
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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 2030 (Q3 2026)

Summary

The construction industry in Canada is expected to register real-term growth of 1.2% in 2026, marking a deceleration from the 2.3% growth recorded in 2025. This moderation is due to reduced investment in industrial developments, elevated energy costs, and persistent trade uncertainty linked to tensions in the Middle East and the ongoing trade war with the US. Statistics Canada reports that the industry’s value-add at constant prices (seasonally adjusted at annual rates) edged down by 0.5% year-on-year (YoY) in H1 2026. By segment, residential construction declined by 2.4%, while non-residential construction delivered a subdued performance during the same period. For decades, trade agreements among the US, Mexico, and Canada have supported the free movement of goods across the bloc.

Over the remainder of the forecast period, the Canadian construction industry is projected to record an annual average growth of 2.5% between 2027 and 2030, underpinned by sustained investments in transport infrastructure, data centers, and housing construction. Growth during the forecast period will be further reinforced by the Ontario government’s plan to invest CAD210 billion ($153.1 billion) in social infrastructure over 10 years, including CAD37 billion ($27 billion) in 2026-27. This program includes the development of hospitals, highways, transit, and community infrastructure to strengthen Ontario’s economy and ensure communities thrive for generations to come. In addition, in April 2026, the Government of Canada launched the Build Communities Strong Fund, which will provide CAD51 billion ($37.2 billion) in funding over 10 years to support the development of housing, health, transit, sport, education, and climate adaptation across the country.

The analyst’s Construction in Canada - Key Trends and Opportunities to 2030 (Q3 2026) report provides detailed market analysis, information, and insights into Canada’s construction industry, including:

  • Canada’s 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 Canada’s 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 (2021-2025) and forecast (2026-2030) 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 the analyst's critical and actionable insight
  • Assess business risks, including cost, regulatory and competitive pressures
  • Evaluate competitive risk and success factors

Table of Contents

1 Executive Summary2 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
  • About the Analyst
  • Contact Us
List of Tables
Table 1: Construction Industry Key Data
Table 2: Canada, Key Economic Indicators
Table 3: Canada, Commercial Construction Output by Project Type (Real % Change), 2021-30
Table 4: Canada, Top Commercial Construction Projects by Value
Table 5: Canada, Industrial Construction Output by Project Type (Real % Change), 2021-30
Table 6: Canada, Top Industrial Construction Projects by Value
Table 7: Canada, Infrastructure Construction Output by Project Type (Real % Change), 2021-30
Table 8: Canada, Top Infrastructure Construction Projects by Value
Table 9: Canada, Energy and Utilities Construction Output by Project Type (Real % Change), 2021-30
Table 10: Canada, Top Energy and Utilities Construction Projects by Value
Table 11: Canada, Institutional Construction Output by Project Type (Real % Change), 2021-30
Table 12: Canada, Top Institutional Construction Projects by Value
Table 13: Canada, Residential Construction Output by Project Type (Real % Change), 2021-30
Table 14: Canada, Top Residential Construction Projects by Value
Table 15: Canada, Key Contractors
Table 16: Canada, Key Consultants
Table 17: Canada Construction Output Value (Real, $ Million)
Table 18: Canada Construction Output Value (Nominal, CAD Million)
Table 19: GlobalData Construction Market Definitions
Table 20: GlobalData Construction Market Definitions
Table 21: Ratings, Scores and Definitions
List of Figures
Figure 1: North America, Construction Output (Real % Change), 2024-30
Figure 2: Canada, Construction Output by Sector (Real % Change), 2024-26 and 2027-30
Figure 3: Canada, Risk Summary
Figure 4: Canada, Risk Regional Comparison
Figure 5: Canada, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2021-30
Figure 6: Canada, Construction Output Value, by Sector (Real, $ Million), 2021-30
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 Price 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), 2021-30
Figure 15: Canada, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 16: Canada, Investment in Commercial Building Construction (CAD Million, Seasonally Adjusted Constant Prices)
Figure 17: Canada, Value of Building Permits Issued for Commercial Buildings (CAD Million, Seasonally Adjusted Constant Prices)
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), 2021-30
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 in Industrial Building Construction (CAD Million, Seasonally Adjusted Constant Prices)
Figure 24: Canada, Value of Building Permits Issued for Industrial Buildings (CAD Million, Seasonally Adjusted Constant Prices)
Figure 25: Canada, Sales Value of Goods Manufactured and New Orders of Manufacturing (CAD Million)
Figure 26: Canada, Merchandise Exports (CAD Million), in Current Prices
Figure 27: Canada, Infrastructure Construction Output by Project Type (Real, $ Million), 2021-30
Figure 28: Canada, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 29: Canada, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2021-30
Figure 30: Canada, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 31: Canada, Capital Expenditure in the Oil and Gas Extraction Industries (CAD Million, In Seasonally Adjusted Terms)
Figure 32: Canada, Electric Power Generation, In GWh
Figure 33: Canada, Production of Crude Oil and Other Equivalent Products, YoY % Change
Figure 34: Canada, Institutional Construction Output by Project Type (Real, $ Million), 2021-30
Figure 35: Canada, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 36: Canada, Investment in Institutional Building Construction (CAD Million, Seasonally Adjusted Constant Prices)
Figure 37: Canada, Institutional Building Permits Issued (CAD Million, Seasonally Adjusted Constant Prices)
Figure 38: Canada, Residential Construction Output by Project Type (Real, $ Million), 2021-30
Figure 39: Canada, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 40: Canada, Value-add of Residential Buildings, Seasonally Adjusted at Annual Rates (CAD Million, 2012 Constant Prices)
Figure 41: Canada, Investment in Residential Building Construction (CAD Million, Seasonally Adjusted Constant Prices)
Figure 42: Canada, Residential Building Permits Issued (CAD Million, Seasonally Adjusted Constant Prices)
Figure 43: Canada, New Housing Price Index, December 2016=100
Figure 44: Canada, Dwelling Construction Started in Canada, In Number
Figure 45: Canada, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 46: Canada, Headquarters of Key Consultants (% of Total Project Pipeline)

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About the Market

The Construction market is a sector of the economy that involves the planning, design, and construction of buildings, roads, and other infrastructure. It includes the activities of architects, engineers, contractors, and other professionals who are involved in the process of creating and maintaining the built environment. Construction companies are responsible for the management of the entire process, from the initial planning stages to the completion of the project. Construction companies typically specialize in a particular type of project, such as residential, commercial, or industrial. They may also specialize in a particular type of material, such as steel, concrete, or wood. Construction companies are responsible for the coordination of all aspects of the project, including the selection of materials, the design of the structure, and the management of the construction process. Some of the major companies in the Construction market include Bechtel, AECOM, Turner Construction, and Skanska. These companies are involved in a variety of projects, ranging from large-scale infrastructure projects to smaller residential and commercial projects. Show Less Read more

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