On-Site Magazine

 

 

Canada’s Top Contractors: Congratulations to all who made the 2024 list!

On-Site’s Top Contractors report is dedicated to determining the leading Canadian construction general contractors, ranked by revenue. It is an invaluable tool based on direct research of the companies involved and is used throughout the industry to research and source leading contractors.

Forty (40) companies make the Top Contractors list each year; an additional five (5) earn recognition as the biggest with under 50 employees; and all qualifying general contractors receive a company listing identifying their scope of work to help owners and developers looking for general contractors with the proper expertise to take on their next big project.

The information-gathering survey of the industry has wrapped up for the year and the 2024 edition of this valuable industry document has been published in the June edition of On-Site magazine. To check the section in digital format, scroll and click below.

Thank you to everyone who participated this year. We look forward to your participation when next year’s survey opens in April of 2025.

 


Canada’s Top Contractors – June 2024

Last year presented a mix of revenue results within Canada’s construction sector, but the overall picture kept to a steady climb. This year’s amalgamated list of the Top 40 contractors in Canada reported 2023 revenues that were more than $4 billion higher than the combined 2022 revenues of 2023’s Top 40.

Many on this year’s list were spared the mortgage rate challenges faced in the residential sector where, despite a desperate need for additional housing stock, there wasn’t a big spike in getting shovels into the ground. The greatest segments for revenue growth were related to publicly funded projects, as infrastructure appears to be gaining government attention, with new mass transit systems, bridgeworks, roadways and energy-related projects underway, or soon to be. Hospitals and other institutional projects are also helping to nudge revenues ever higher.

Only one segment in On-Site’s industry polling was without a company reporting an increase in revenues in 2023, as gainers outpaced companies seeing declines by a significant margin in most segments.

Looking ahead, there is cautious optimism in the air, along with an anticipation of interest rate reductions that will help on the financing front. The latest Construction Monitor report from the Royal Institution of Chartered Surveyors (RICS) and Canadian Institute of Quantity Surveyors showed an improved picture for the Canadian market, with growth seen across both the private residential and non-residential sectors in terms of workload in the first quarter of 2024, marking a positive start on next year’s report.

Once again, the team at On-Site would like to thank all of the companies that took the time to participate in our annual survey. Your valuable contributions make this research possible and allow us to share trends and insights with our industry.

 


Canada’s 2024 Top Contractors Report:

 

Download Past On-Site Top Contractors Reports
All files are in PDF format