10 Best Construction Companies in Canada
About the Construction Industry in Canada
Construction employs about 1.4 million people in Canada and contributes around $141 billion to the economy each year, accounting for 7.5% of Canada’s GDP (GDP). Following a 3.4 percent decrease in 2020, Canada’s construction sector is now anticipated to expand by 0.6 percent in 2021, up from a -2 percent prediction in the Q4 2020 update, as housing market activity has been better than expected.
Concerns about the slow pace of vaccine deployment and the development of more transmissible strains of the virus, on the other hand, represent significant risks to the industry’s outlook, as they might further postpone the recovery of the hardest-hit sectors, such as leisure and hospitality.
In recent months, Canada’s construction industry has recovered quicker than expected, aided by increased investment in residential building development. Despite the fact that the economy is still recovering from the deepest economic crisis since the Great Depression, the country’s housing market has benefited from record low borrowing rates, pent-up demand for new houses, and a substantial shift in remote employment.
According to Statistics Canada, residential construction activity was 7% higher than pre-pandemic levels in December 2020, compared to worse performance in other sectors such as repair construction (+5.1%), non-residential structures (-11.2), and engineering and other construction activities (-12.8 percent ).
List of the top 10 Construction Companies in Canada:
Below are the names of few of the leading construction companies in Canada that we have shortlisted.
1.AECON:
At the top of our list of the top ten construction companies in Canada is AECON, an ancient and famous corporation with origins dating back to the 1860s. Aecon has grown in size over the years and has been involved in a number of major projects in Canada.
The CN Tower, the Vancouver SkyTrain, and the Montreal-Trudeau International Airport are just a few examples. They offer construction (civil, urban transportation, nuclear, utility, and conventional industrial sectors) and concessions services (development, financing, design, building, and operation of construction projects).
2.Golder:
Since 1960, Golder has been involved in the development of different sectors such as oil and gas, mining, manufacturing, infrastructure, and others. The firm offers a variety of engineering services, including consultation and design. Golder offers environmental, ground engineering, pipelines, tunnelling, remediation, regulatory compliance, design, construction support, waste, water, and transportation services.
3.PCL Construction:
PCL has expertise with all types of construction work, from minor restorations to multibillion-dollar projects; from sports stadiums to water treatment plants and petrochemical complexes. As the next-generation construction partner, they look beyond sustainable building and take a holistic approach to corporate social responsibility.
Constructability and Budget Control, Construction Services, Delivery Methods, Smart Construction, Emergency Response, Preconstruction Services, Prefabrication and Modular Construction, Self-Perform Capabilities, and Sustainable Construction Services are some of the services they provide.
4.Worley Parsons:
Worley Parsons’ formal name is Worley Parsons. They employ 51,000 of the world’s best brains in energy, chemicals, and resources, all with the goal of creating a more sustainable world. Parts of them have been involved in the power engineering business since 1893. Digital construction services, Consultant engineering, Preconstruction and design, Supply chain management, Construction and fabrication, Construction management, Project management services, and Maintenance and modification are among their offerings.
5.Pomerleau:
Pomerleau’s narrative is interwoven with Quebec’s, and its growth has been primarily in their hands since 1964. With 50 years of expertise, this construction firm is now ranked among the top ten in Canada. Civil construction, infrastructure construction, engineering services and methodologies, heavy transportation services, marine construction activities, and heavy industrial construction are among their offerings.
Also Read: Top 10 Banks in Canada
6.Kiewit Canada:
Kiewit Canada is a construction company based in Canada. Kiewit is a fantastic place to work because of its company culture, excellent leadership, industry-leading benefits, and unrivalled dedication to training and development. Kiewit, a relatively newer firm, has been running well since 2004. Building and construction, mining, oil, gas, and chemical, power, transportation, and water treatment are among their services.
7.Bird Construction:
This is one of Canada’s oldest and most famous civil engineering firms, founded in 1920 as Bird and Woodwall Construction Company. Bird has had an influence in the industrial, commercial, institutional, and mining sectors by supplying critical infrastructure and creating military outposts, sophisticated industrial facilities, and thousands of residences. Buildings, Light Industrial, Mining, Oil and Gas, Power, Transportation, Environmental, Utilities, and Industrial Maintenance are among its services.
8.Chandos Construction:
Chandos Construction’s planning and building technique has a long-term influence on the communities in which they live and operate. The firm, named after Chandos Lake, was formed in 1980. In four decades, a single office building swiftly grew into numerous offices with over 500 employees. Advisory work, preconstruction work, integrated project delivery, construction management, design build, and general contracting are some of their services.
9.Graham Group:
Founded in 1926, the Graham Construction Group has evolved from a small-town building business to a countrywide construction giant. Graham’s client partnerships have been founded on honesty and responsibility for 90 years, the same principles that drive our culture and deliver exceptional results for all projects, large or small. Equipment supply, Indigenous collaborations, cost estimation, risk management, industrial development, infrastructure development, preconstruction work, sustainability, maintenance and repair are some of their services.
10.McDermott Canada:
McDermott Canada belongs to the parent company, namely McDermott International which is based in Texas. McDermott was formed over 100 years ago in 1923 by Ralph Thomas McDermott, who envisioned a business that would one day build floating dry docks and land ship tanks for the Allies during World War II and become one of the world’s largest construction corporations. McDermott International combined with the Chicago Oil & Bridge Company (CB&I) in 2018, adding technology and engineering skills for the energy industry.
Conclusion
Canada is a large country that is rapidly developing. Numerous civil and infrastructural projects are now underway around the country, and many construction companies are participating. The construction business in Canada is vast, employing over 1.2 million men and women, or around 7% of the Canadian total. That represents a 50% increase in jobs over the previous decade.
As Canada’s economy and population grow, owing primarily to robust immigration, so does the need for infrastructure and housing. As a result, the construction sector is poised for rapid development in the next few years. The COVID-19 epidemic has taken a toll on the building industry, as it has on the rest of the economy; nevertheless, after the storm has passed, it is widely believed that the construction industry will return quickly.
Across the country, significant building investments are planned. For example, the Canadian and Alberta governments have committed more than $52.7 million to the completion of numerous infrastructure projects under the Investing in Canada Infrastructure Program.
The Community Infrastructure Improvement Fund (CIIF) has set aside $150 million to repair and upgrade community infrastructure facilities around the country. TC Energy has authorised a $8 billion project to carry up to 830,000 barrels of oil per day from Alberta to Nebraska, accounting for about one-fifth of all the oil Canada ships to the United States each day.
