The Canadian Construction Association (CCA) released the winter edition of its Construction Quarterly Economic Insights (CQEI) report, showing a 1.3 per cent increase in construction GDP output in Q3 2025, outpacing the all-industry average and setting the stage for continued advancement.
“The opportunities ahead for our industry are significant, but so are the risks,” said Rodrigue Gilbert, CCA president. “Investments from the federal government will drive growth, but rising costs and workforce constraints will continue to limit the industry’s ability to unlock its full potential and deliver on Canada’s ambitious construction agenda.”
In Q3, the Building Construction Price Index increased 4.2 per cent year-over-year, with increases driven by metal fabrications, structural steel and plumbing. The Canadian jurisdictions most affected by cost increases were London, Ont., and Quebec City, Que. Additionally, the cost of factory building increased by 5.7 per cent, while the cost of office building increased by 3.2 per cent.
The 2025 Federal Budget, published in November 2025, presented $89.7 billion in net new measures over the next five years, with $32.5 billion being classified as capital investments. In total, CCA noted approximately $32 billion in new construction-related spending earmarked over the next five years.
“[The year] 2025 was a very strong year for our industry, and we’re looking forward to building on that progress to build the Canada that Canadians deserve,” said Gilbert. “Together, we’ll keep building Canada.”
Get your copy of the economic report here: Economic data signals growth with Budget 2025 pointing to further construction investment ahead.
The next Construction Quarterly Economic Insights report will be published in April.