IO releases Fall Market Update
Infrastructure Ontario’s latest market update lists more than $30 billion worth of major projects.
Released on October 27, the update includes 25 projects in the pre-procurement and active procurement stages and 20 others in initial planning stages.
“Our latest market update demonstrates continued progress on our plan to build with 45 major projects in the planning, pre- and active procurement stages,” said acting Infrastructure Minister Todd McCarthy. “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 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, 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 IO President and CEO Angela Clayton. “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.”
In addition to the projects listed in the update, the province is investing $4 billion through the Municipal Housing Infrastructure Program to get housing and critical infrastructure, such as roads and water systems, built more quickly. The program is enabling the construction of 800,000 homes since its launch in 2024.
As part of the Transit-Oriented Communities (TOC) Program, the province is also working to create mixed-use communities near 12 future subway stations. The TOCs have the potential to create approximately 340,000 new residential units and create space to accommodate about 75,000 new jobs near subways.
Key legislation supporting these projects include the Protect Ontario by Building Faster and Smarter Act, which was created to help speed up the construction of new homes and infrastructure projects, and the Fighting Delays, Building Faster Act, that, if passed, would get shovels in the ground faster to support the construction of homes, roads and infrastructure.



