Canada Construction Market is Expected to Reach USD 402.35 Billion by 2030

The increasing number of infrastructure projects and government-led initiatives is driving the Canada construction market growth during the forecast period

The Canada Construction Market size was valued at USD 252.61 billion in 2024, and is predicted to reach USD 254.95 billion by the end of 2025. The industry is predicted to reach USD 402.35 billion by the end of 2030, at a CAGR of 9.6% from 2025 to 2030, according to new research by Next Move Strategy Consulting. 

Canada’s construction market is experiencing strong expansion, driven by robust federal investments in transportation, housing, and sustainable infrastructure. In April 2024, the government introduced the USD 4.4 billion Canada Housing Infrastructure Fund to support the development of 750,000 new homes by 2033, alongside an USD 11.1 billion boost to the Apartment Construction Loan Program to enable the creation of 30,000 new apartments. 

The Alto high-speed rail project, progressing in 2025 with a USD 15 billion investment, is set to link Toronto and Quebec City via a 1,000-kilometer electrified route by 2035, enhancing connectivity and stimulating economic growth. Further, the 2025 Budget allocated USD 3.2 billion for 180 infrastructure initiatives, ranging from public transit upgrades to clean energy developments, highlighting Canada’s strategic focus on building sustainable, resilient communities nationwide.

However, the construction industry continues to encounter growth constraints due to complex and evolving regulatory frameworks. Projects must obtain multiple approvals from local, regional, and national authorities, requiring compliance with zoning regulations, environmental assessments, building codes, and safety standards. These layered permitting processes contribute to project delays, escalate costs, and reduce investor confidence. Regulatory inconsistencies among jurisdictions and bureaucratic inefficiencies further prolong timelines. Additionally, sudden policy shifts disrupt project continuity and impede overall progress in the sector.

Other the other hand, digital transformation is reshaping Canada’s construction industry, presenting new opportunities to enhance efficiency, accuracy, and coordination. The adoption of Building Information Modeling allows project teams to plan, design, and manage infrastructure in a digital environment, which supports precision, minimizes errors, and improves collaboration. This approach significantly enhances productivity and optimizes resource use across project lifecycles. The release of Allplan 2024 by ALLPLAN in April 2024 marks a major advancement in BIM capabilities, offering enhanced functionality and cloud-based workflows that support the industry’s transition to fully digital project execution. The integration of BIM with technologies such as artificial intelligence, the Internet of Things, and cloud computing enables real-time data sharing, predictive maintenance, and advanced facility management, establishing digitalization as a core driver of growth in the Canadian construction market.

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Several market players operating in the Canada construction industry include Aecon Group Inc., Kentel Construction Ltd, PCL Construction, EllisDon, Graham Construction, Kiewit Canada, Ledcor Group, Pomerleau, Bird Construction, Flynn Group of Companies, Broccolini Construction, AtkinsRéalis Group Inc., Stuart Olson, Chandos Construction, and Maple Reinders Constructors Ltd., and others.

Key Insights from the Canada Construction Market Report:

• The information related to key drivers, restraints, and opportunities and their impact on the Canada construction market trends is provided in the report.

• The value chain analysis in the market study provides a clear picture of the roles of each stakeholder.

• The report provides the Canada construction market share of key players, along with a detailed competitive analysis.