Canada Construction Market

Canada Construction Market

Canada Construction Market by Type (Renovation, and New Construction), by Sector (Real Estate and Others), by Construction Method (Traditional Construction, Prefabricated/Modular Construction, 3D Printed Construction, Green/Sustainable Construction), and by Type of Contractor (Large Contractor, Medium Contractor and Small Contractor) – Country Industry Trends and Forecast, 2025–2030

Industry: Construction & Manufacturing | Publish Date: 13-Aug-2025 | No of Pages: 153 | No. of Tables: 117 | No. of Figures: 62 | Format: PDF | Report Code : CM2195

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Canada Construction Industry Overview

According to NMSC, the Canada Construction Market size in 2024 was USD 283.63 billion, and is estimated to reach USD 296.44 billion in 2025 and is projected to reach USD 349.78 billion by 2030 with a CAGR of 3.36%.

Canada construction market is experiencing robust growth, driven by strong government initiatives focused on improving housing, transportation, and sustainable infrastructure. This momentum is further supported by the execution of large-scale infrastructure megaprojects across provinces, aimed at enhancing energy, transit, and urban development. 

However, the sector continues to face challenges due to complex and inconsistent regulatory frameworks that delay project execution and elevate costs. At the same time, the adoption of digital technologies, particularly Building Information Modeling (BIM), is unlocking new growth opportunities by improving project efficiency, accuracy, and collaboration, signaling a transformative shift toward a more modernized construction industry.

Government Investments And Megaprojects Fuel Infrastructure-led Growth In Canada's Construction Sector

Canada's construction industry is witnessing strong growth, largely driven by substantial government investments and the execution of major infrastructure projects. Government-led initiatives, such as the Canada Infrastructure Program, have facilitated multibillion-dollar funding commitments—like the USD 2.76 billion announced in 2024 by the federal and Alberta governments—for infrastructure renewal and expansion. These investments are bolstered through partnerships with provinces, municipalities, Indigenous communities, and private stakeholders. Simultaneously, the launch and progression of transformative megaprojects, including the Site C Clean Energy Project, Eglinton Crosstown LRT, Ontario Line, and Bruce and Darlington Nuclear Refurbishments, are significantly accelerating industry momentum. This dual push from policy and project execution is a key driver of Canada's expanding construction market.

 

Rapid Urbanization And Housing Demand Accelerate Construction Activities In Canada

Canada’s fast-growing urban population is exerting significant pressure on existing infrastructure and housing stock, fueling demand for new residential and mixed-use developments. Major metropolitan areas like Toronto, Vancouver, Calgary, and Montreal are experiencing rapid population growth, driven by both natural increase and high levels of immigration. To accommodate this urban expansion, there is a rising need for high-density housing, transit-oriented developments, and essential public infrastructure such as schools, hospitals, and transit systems. This urban growth trend is stimulating continuous activity across the construction sector, particularly in the residential and civil infrastructure segments.

 

Navigating Regulatory Complexities Hinders Growth in the Infrastructure Market

The infrastructure market faces significant challenges stemming from stringent regulatory frameworks. Infrastructure ventures encounter hurdles due to the complex network of government regulations and permitting processes. Infrastructure projects typically require securing numerous permits and approvals from governmental bodies at local, regional, and national levels. These permissions encompass zoning regulations, environmental assessments, compliance with building codes, safety standards, and various regulatory requirements. Lengthy permit acquisition processes, bureaucratic inefficiencies, and regulatory disparities among jurisdictions can significantly prolong project timelines and inflate costs. Additionally, fluctuations in regulations or unexpected policy changes can disrupt ongoing projects and discourage potential investments. For instance, the United States Environmental Protection Agency (EPA) oversees various aspects of the infrastructure sector, including air quality, lead management, waste disposal, and water regulations. The EPA's compliance assistance centers offer resources to facilitate environmental compliance during demolition activities, the recycling of infrastructure materials, and the proper disposal of refrigeration and air-conditioning equipment.

Integration of Digitalization and BIM Presents Lucrative Opportunity for Market Expansion

The construction market is undergoing a significant transformation with the integration of digitalization and the adoption of Building Information Modeling (BIM), harnessing advanced technologies to enhance efficiency, accuracy, and collaboration across various projects. BIM, an advanced 3D modeling tool, empowers stakeholders to generate and oversee digital renditions of structures and infrastructure, facilitating improved coordination and communication among project teams. For example, in September 2022, the National Institute of Building Sciences (NIBS) launched the Canada National Building Information Management (BIM) Program, aiming to revolutionize the infrastructure industry and achieve unprecedented levels of industrial efficiency through digitalization. This initiative addresses the insufficient degree of digitalization within the Canada infrastructure sector, that impedes the evolution of lifecycle work processes to become more efficient, cost-effective, resilient, and safer for infrastructure and maintenance.

 

Competitive Landscape   

The key players operating in the Canada construction industry include Aecon Group Inc, PCL Construction, EllisDon, Graham Construction, Kiewit Canada, Ledcor Group, Pomerleau, Bird Construction, Flynn Group of Companies, Broccolini Construction, VINCI Construction, Chandos Construction, Maple Reinders Constructors Ltd., Flatiron Dragados, Turner Construction and others.

Canada Construction Market Key Segments

By Type                

  • Renovation            

  • New Construction            

By Sector                

  • Real Estate            

    • Residential        

      • Affordable    

      • Luxury    

    • Commercial        

      • Retail Buildings    

      • Office Buildings    

      • Hospitality    

      • Healthcare Facilities    

      • Educational Institutes    

      • Entertainment Ventures    

  • Infrastructure    
    • Transportation    

      • Airport

      • Port

      • Rail

      • Road

    • Water and Wastewater    

    • Energy    

    • Telecommunication    

  • Industrial        
    • Manufacturing Plant    

    • Warehouses    

    • Power Plants    

    • Oil Refineries    

    • Chemical Plants

By Construction Method                

  • Traditional Construction            

  • Prefabricated/Modular Construction            

  • 3D Printed Construction            

  • Green/Sustainable Construction            

By Type of Contractor                

  • Large Contractor            

  • Medium Contractor            

  • Small Contractor

Key Players

  • Aecon Group Inc

  • PCL Construction

  • EllisDon

  • Graham Construction

  • Kiewit Canada

  • Ledcor Group

  • Pomerleau

  • Bird Construction

  • Flynn Group of Companies

  • Broccolini Construction

  • VINCI Construction

  • Chandos Construction

  • Maple Reinders Constructors Ltd.

  • Flatiron Dragados

  • Turner Construction

REPORT SCOPE AND SEGMENTATION:

Parameters

Details

Market Size in 2025

USD 296.44 Billion

Revenue Forecast in 2030

USD 349.78 Billion

Growth Rate

CAGR of 3.36% from 2025 to 2030

Analysis Period

2025–2030

Base Year Considered

2024

Forecast Period

2025–2030

Market Size Estimation

Billion (USD)

Growth Factors

  • Government-led initiatives fuels the market growth.
  • Expansion of construction industry initiatives drives the growth of industry.

Companies Profiled

15

Market Share

Available for 10 companies

Customization Scope

Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs.

Canada Construction Market Revenue by 2030 (Billion USD) Canada Construction Market Segmentation Canada Construction Market Major Regions

Frequently Asked Questions

Construction firms are adopting digital tools like Building Information Modeling (BIM) to enhance project planning and execution efficiency.

According to Next Move Strategy Consulting, the size of the Canada construction market was estimated at USD 283.63 billion in 2024.

There's a growing emphasis on sustainable building practices, including the use of eco-friendly materials and energy-efficient designs, to align with environmental goals.

Evolving regulations are influencing project planning and execution, requiring companies to adapt to new compliance standards.

According to Next Move Strategy Consulting, the size of the Canada construction market is estimated to be at USD 349.78 billion in 2030.

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