Canada Construction Market Size, Competitors & Forecast

Canada Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2030 (Q2 2026)

Summary

The Canadian construction industry is expected to expand by 1.2% in real terms in 2026, reflecting a slowdown compared to an annual growth of 2.2% in 2025. This slowdown is attributed to decrease in investments in housing and industrial projects, coupled with ongoing trade uncertainties arising from Middle East tensions. . In the short term, the Canadian construction industry is expected to face several challenges, owing to the ongoing trade dispute between the US and Canada, highlighting Canada’s reliance on the US market. Over the remainder of the forecast period, the construction industry is expected to register an annual average growth of 2.5% between 2027 and 2030, supported by investments in the transport infrastructure, data centers and housing construction.

The forecast period will be largely supported by the Ontario government’s plan to invest CAD210 billion ($153.1 billion) over 10 years, including CAD37 billion ($27 billion) in 2026-27. This encompasses development of hospitals, highways, transit and community infrastructure for strengthening Ontario’s economy and ensuring communities thrive for generations to come. Moreover, in April 2026, the Government of Canada launched the Build Communities Strong Fund which will provide funding of CAD51 billion ($37.2 billion) for over 10 years to support the development of housing, health, transit, sport, education, and climate adaptation across the country. The federal government is also aiming to tighten vehicle greenhouse gas (GHG) standards for model years 2027-32 and aims for an EV adoption rate of 75% by 2035 and 90% by 2040.

The analyst’s Construction in Canada - Key Trends and Opportunities to 2030 (Q2 2026) 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 (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

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 the Publisher

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), 2021-2030
Table 4: Canada, Top Commercial Construction Projects by Value
Table 5: Canada, Industrial Construction Output by Project Type (Real % Change), 2021-2030
Table 6: Canada, Top Industrial Construction Projects by Value
Table 7: Canada, Infrastructure Construction Output by Project Type (Real % Change), 2021-2030
Table 8: Canada, Top Infrastructure Construction Projects by Value
Table 9: Canada, Energy and Utilities Construction Output by Project Type (Real % Change), 2021-2030
Table 10: Canada, Top Energy and Utilities Construction Projects by Value
Table 11: Canada, Institutional Construction Output by Project Type (Real % Change), 2021-2030
Table 12: Canada, Top Institutional Construction Projects by Value
Table 13: Canada, Residential Construction Output by Project Type (Real % Change), 2021-2030
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: the analyst Construction Market Definitions
Table 20: the analyst Construction Market Definitions
Table 21: Ratings, Scores and Definitions

List of Figures

Figure 1: North America, Construction Output (Real % Change), 2024-2030
Figure 2: Canada, Construction Output by Sector (Real % Change), 2024-2026 and 2027-2030
Figure 3: Canada, Risk Summary
Figure 4: Canada, Risk Regional Comparison
Figure 5: Canada, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2021-2030
Figure 6: Canada, Construction Output Value, by Sector (Real, $ Million), 2021-2030
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), 2021-2030
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), 2021-2030
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), 2021-2030
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), 2021-2030
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), 2021-2030
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), 2021-2030
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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Canada Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2030 (Q2 2026)

Summary

Scope

This report provides a comprehensive analysis of the construction industry in Canada. It provides:

Reasons to Buy

Table of Contents

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