Output to Expand by 2.6% This Year, Returning to Growth After Two Years of Contraction - Forecast to 2029
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DUBLIN — The 'Canada Construction Market Size, Trends, and Forecasts by Sector – Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (Q2 2025)' report has been added to ResearchAndMarkets.com's offering.
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Construction industry in Canada to expand by 2.6% in real terms in 2025, returning to growth after two years of contraction. Growth will be driven by rising investment in both residential and non-residential buildings evidenced through increasing building permits.
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The industry is however expected to face additional external risks in 2025, caused predominately by US President Donald Trump's move to place punitive tariffs on the country. Most notably for Canada, President Trump's decision to pause 'reciprocal tariff measures' on up to 60 countries for 90 days, starting April 9, 2025, instead applying a 10% baseline tariff, excluded Canada due its continuous retaliatory measures.
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Canada instead continues to face a baseline of 25% tariff on many goods, with an exclusion on USMCA compliant goods and 10% tariffs on energy. Although Canada's retaliatory tariffs on the US products could be considered a positive measure to protect its domestic industries, retaliatory tariffs are expected to increase cost of production for contractors, lowering project viability.
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The analyst expects the Canadian construction industry to continue its growth throughout the forecast period, increasing at an annual average rate of 2.8% during 2026-29. The industry will be supported by developments in the transport, energy and residential sectors, as well as by the 'Investing in Canada' plan that was initially launched in 2016. As part of the plan, the government will invest CAD180 billion ($131.9 billion) by the end of 2028, of which, approximately CAD157 billion ($115 billion) has already been invested in over 100,000 projects, as of March 2025, as per Canadian Government reports.
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Out of the total 100,000 projects, 92% are now either completed or in the execution stage. Moreover, as part of the CAD6 billion ($4.4 billion) Canada Housing Accelerator Fund, initially launched in March 2023, the government is aiming to build 750,000 new homes by 2039. As part of this program, in March 2025, the Government of Canada signed agreements with 12 local governments to build 1,300 homes by 2028.
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Scope
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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
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Reasons to Buy
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Key Topics Covered:
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1 Executive Summary
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2 Construction Industry: At-a-Glance
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3 Context
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3.1 Economic Performance
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3.2 Political Environment and Policy
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3.3 Demographics
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3.4 Risk Profile
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4 Construction Outlook
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4.1 All Construction
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Outlook
Latest news and developments
Construction Projects Momentum Index
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4.2 Commercial Construction
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Outlook
Project analytics
Latest news and developments
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4.3 Industrial Construction
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Outlook
Project analytics
Latest news and developments
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4.4 Infrastructure Construction
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Outlook
Project analytics
Latest news and developments
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4.5 Energy and Utilities Construction
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Outlook
Project analytics
Latest news and developments
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4.6 Institutional Construction
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Outlook
Project analytics
Latest news and developments
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4.7 Residential Construction
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Outlook
Project analytics
Latest news and developments
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5 Key Industry Participants
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5.1 Contractors
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5.2 Consultants
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6 Construction Market Data
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7 Appendix
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For more information about this report visit https://www.researchandmarkets.com/r/nkmzqu About ResearchAndMarkets.com ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
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