IO Market Update highlights $200B in projects
Infrastructure Ontario’s latest Market Update features more than $200 billion worth of construction projects at various stages of planning and procurement.
The update, released on June 5, lists 28 major projects in pre- and active procurement, totalling more than $30 billion in estimated design and construction costs.
A further 19 publicly announced projects in the initial stages of planning have been included in this update, in addition to a projected 298 capital repairs projects valued at approximately $110 million.
“Our historic plan to build infrastructure is more important today than ever before. It allows for responsible growth while employing hundreds of thousands of people,” said Infrastructure Minister Kinga Surma. “We’re making significant progress on our plan to build with 47 major and a projected 298 capital repairs projects now in the planning, pre-procurement and procurement stages. We will continue partnering with the private sector to make it faster and easier to build highways, transit and community infrastructure, while supporting a more resilient and competitive economy.”
Highlights from the June 2025 Market Update include:
- The addition of several new projects including Runnymede Healthcare Centre Post-Traumatic Stress Injury Centre of Excellence – with new locations in Caledon and Toronto, Ontario Provincial Police Academy in Orillia, and Ontario Police College in Aylmer.
- Ontario Place Landscape and Public Realm construction moving into pre-procurement.
Since the previous Market Update in June 2024, seven projects have entered the pre-procurement and procurement phases and three have moved into the construction phase:
- Quinte Health – Prince Edward County Memorial Hospital Redevelopment
- Weeneebayko Area Health Authority New Hospital
- Scarborough Subway Extension – Stations, Rail and Systems
The Grandview Children’s Treatment Centre, the new patient care tower at Michael Garron Hospital, the Cambridge Memorial Hospital and Volkswagen Battery Cell Plant – Site Preparation have also reached substantial completion.
This edition of the report is the first to highlight IO’s Capital Repair Program pipeline, a snapshot of capital repairs and building system replacements across publicly owned lands and buildings in all parts of the province. The pipeline includes almost 300 lifecycle repairs projects across the province (projected regional projects – Northeast: 48, Northwest: 42, Southcentral: 50, Southwest: 56, East: 41, Greater Toronto Area: 29, Toronto Core: 32).
The update also includes an initial listing of upcoming projects within the province’s Transit-Oriented Communities Program. This pipeline presents valuable opportunities for development partners to contribute to tens of thousands of new homes and vibrant mixed-use communities across Toronto and the broader Greater Toronto and Hamilton Area.
“Infrastructure Ontario’s June 2025 Market Update underscores our commitment to building a more competitive and connected province,” said Angela Clayton, Interim President and CEO, Infrastructure Ontario. “We value the strategic collaboration of our industry partners as we deliver high-impact projects for Ontario.”
Not included in the scope of the IO report is a further $2.3 billion the province has made available through its Housing-Enabling Water Systems Fund and Municipal Housing Infrastructure Fund to enable the construction of about 700,000 homes.
In addition, $1 billion in flexible loans for housing-enabling water infrastructure projects is available to municipalities through the Infrastructure Ontario Loan Program.
The province says it will promote and prioritize made-in-Ontario and made-in-Canada products, including exploring more Ontario and Canadian steel, cement, forestry and other construction materials mandatory for provincially funded infrastructure projects.