Wednesday, October 29, 2025
Infrastructure Ontario released its latest Market Update, listing 25 major projects in pre- and active procurement, totalling more than $30 billion in estimated design and construction costs. The update includes 20 publicly announced projects in the initial planning stages.
“Building and renewing Ontario’s infrastructure is a key part of our government’s plan to protect the economy and keep workers on the job in the face of significant economic uncertainties,” said Todd McCarthy, Acting Minister of Infrastructure. “Our latest Market Update demonstrates continued progress on our plan to build with 45 major projects in the planning, pre- and active procurement stages. Our government’s infrastructure investments are strengthening the economy and supporting thousands of skilled-trades jobs. With approximately 440,000 Ontarians employed in the construction sector, our plan is providing job certainty and protecting workers across Ontario.”
Highlights from the Fall Market Update include:
- The addition of new projects, such as the McMichael Canadian Art Collection Capital Redevelopment, the Ontario Emergency Preparedness and Response Headquarters and next steps in the Ontario Place redevelopment project with a Request for Proposals issued for the new publicly owned parking structure.
- Since the June 2025 Market Update, three projects have reached substantial completion: the West Lincoln Memorial Hospital Redevelopment Project, the Eglinton Crosstown West Extension – Advance Tunnel 1 Project and the QEW/Credit River Improvement Project.
In addition, four projects have reached either a development phase agreement or contract execution:
- QEW Garden City Skyway – Bridge Twinning Project – a more than two-kilometre twin bridge connecting St. Catharines and Niagara-on-the-Lake that will support the movement of more than $1.1 trillion in goods throughout the Greater Golden Horseshoe every year.
- Yonge North Subway Extension – Advance Tunnel – extending the TTC’s Line 1 subway service by approximately eight kilometres, adding five new stations from the existing terminus at Finch Station into the City of Richmond Hill, making it faster and easier for more people to travel between York Region and downtown Toronto with expected daily rides of more than 94,100 on weekdays.
- Eglinton Crosstown West Extension – Stations, Rail and Systems – this project will extend the Eglington Crosstown LRT project another 9.2 kilometres further west to Etobicoke and Mississauga with seven stops from the future Mount Dennis Station to Renforth Drive and is anticipated to accommodate up to 69,700 daily rides and put 37,500 more people within walking distance to transit.
- William Osler Health System’s Peel Memorial Hospital Phase 2 Redevelopment – the project will include a new multi-story patient tower, with plans for up to 250 inpatient beds and space to build more in the future, as well as a new purpose-built 24/7 emergency care centre and new and enhanced ambulatory clinics, which will improve community access to health care.
“Infrastructure Ontario’s October 2025 Market Update underscores our continued commitment to building a connected, modern, and competitive province,” said Angela Clayton, president and CEO of Infrastructure Ontario. “We are deeply grateful for the valuable feedback from our industry partners and stakeholders, which helps us better understand their priorities, strengthen market confidence, and encourage broader participation in our capital program.”
Featured image: (Government of Ontario)
