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5 CRE Projects Stand Out In Ottawa’s $1T Investment Push
Ottawa is putting more than 160 Canadian investment opportunities in front of global capital as it tries to catalyse more than $1 trillion of investment over five years.
Prime Minister Mark Carney is hosting investors in Toronto this week, with projects spanning energy, infrastructure, technology and advanced manufacturing. Several have direct commercial real estate implications, from new industrial districts to large sites being assembled for manufacturing and digital infrastructure.
1. Prairie Economic Gateway — Calgary Area
Project: The 2,190-acre project east of Calgary is planned as a major industrial and logistics district anchored by the nearly 1,300-acre Shepard Logistics Centre. Plans include rail-served manufacturing, distribution and industrial development connected to CPKC’s network.
Who Owns The Land: The Shepard Logistics Centre lands are controlled by Shepard Development, part of the Simpson Group/CANA.
Why It Matters: The project would add a large block of rail-served industrial land to the Calgary region, with sites capable of accommodating manufacturers and distribution users that need room to expand.
2. Spruce Lake Data Centre — New Brunswick
Project: Beacon Data Centers and VoltaGrid are proposing a 390-megawatt data centre on about 300 acres at Spruce Lake Industrial Park near Saint John, supported by on-site generation and grid power.
Who Owns The Land: The industrial park is being expanded by the province and City of Saint John. Beacon’s land-control arrangement for the 300-acre site has not been publicly detailed.
Why It Matters: Data-centre developers need unusually large sites and unusually large amounts of power. That is putting industrial land near transmission, generation and fibre infrastructure in play in markets that have not traditionally competed for hyperscale development.
3. Saguenay Industrial-Port Zone — Quebec
Project: The Saguenay industrial-port zone combines industrial land with deep-water port access, rail connections and hydroelectric power. More than $400 million of infrastructure investment is identified around the district as it pursues major industrial users.
Who Owns The Land: Port of Saguenay is developing and marketing the industrial-port zone, although ownership varies across the broader district.
Why It Matters: Large manufacturers do not just need acreage. They need serviced sites with power, roads, rail and shipping access. Saguenay is putting those pieces in place before landing the next major user.
4. Canadian Energies Campus — Chatham-Kent, Ont.
Project: Canadian Energies is proposing a 300-acre manufacturing campus combining solar-module and battery-storage production with infrastructure intended to support other energy-intensive uses.
Who Owns The Land: Canadian Energies has identified a 300-acre Chatham-Kent site for the campus but has not publicly disclosed the property or its land-control structure.
Why It Matters: A project of this size would create demand beyond the campus itself, including space for suppliers, logistics operators, contractors and other businesses serving the manufacturing operation.
5. Port Of Churchill Plus — Churchill, Man.
Project: The proposed expansion would modernize the Port of Churchill, upgrade the Hudson Bay Railway and add road and energy infrastructure as part of a broader plan valued at as much as US$57 billion.
Who Owns The Land: Arctic Gateway Group owns the Port of Churchill and Hudson Bay Railway. The company is owned by 41 Indigenous and northern communities, including 29 First Nations.
Why It Matters: Better transportation access would change what can realistically be developed around Churchill. Warehousing, storage and industrial uses become more viable if the port and rail corridor can handle substantially more year-round traffic.
- ◦Development
- ◦Policy/Gov't