12 of Canada’s fastest growing construction companies

Painters, deck builders, robot creators – these companies have ideas that are taking off.

When it comes to growth in any area of Canadian business, construction companies are leading the way. In a list ranking 430 of Canada’s fastest growing companies, a B.C. builder took the top spot. We pored over the list to find other innovative construction-related companies that ranked high and figure out what they are doing different.

12. RAM Engineering

Crews work on repairs following historic flooding in B.C. – RAM

When it comes to engineering, procurement, project management and construction management, RAM is a powerhouse. Some of their recent projects in just Western Canada include New St. Paul’s Hospital, Centerm Expansion Project and South Shore Access Project, removing debris following historic B.C. flooding events. RAM was incorporated in 2007 and is a privately owned B.C.-based company, with offices in Downtown Vancouver and Calgary. It has roughly 300 employees.

11. MY Construction Supply

MY Construction Supply is a manufacturer and distributor of concrete accessories, fasteners and building products. The Ontario-based company’s product line focuses mainly on high rise condominiums, but also includes low-rise condos, transit centres, hospitals and more. Top selling products include spiral roofing nails, heavy duty polyethylene tarp sheets, loop ties and backup bricks.

10. LPI Mechanical

LPI does everything from new construction to full service and maintenance of all design/build, HVAC and plumbing projects. The 18-year-old company has grown to develop in-house engineering, design, and drafting capabilities. In addition to being one of the fastest growing companies in the country, they were honoured by the Building Owners and Managers Association in Toronto with a Pinnacle award for going above and beyond.

9. TPH Group

TPH Group was created by Daniel Szypka and Trevor Wallace with the goal of changing how consumers hire tradesmen. With a background in the painting services industry, the pair wanted to bring transparency to the process of seeking quotes and choosing a painter. The company has grown into a full suite residential, commercial and industrial painting and coatings business that lets customers get a quote online in minutes.

8. Novarc Technologies

Novarc Technologies

He never gets sick, never takes a lunch break and gives you a perfect weld every time. He’s a Novarc welding robot and he’s giving builders an edge while the country is facing a massive shortage of skilled workers. Pitt Meadows Plumbing & Mechanical (PMP) turned to Novarc when they wanted expand to district energy plants, light industrial applications and wastewater treatment plants but needed a high level of quality and wanted to boost their prefabrication approach. PMP says the welding robot technology increased their shop productivity by over 60%.

7. Parity Inc. 

It’s basically a virtual superintendent designed to save you money. Parity Inc. is a Toronto proptech company that focuses on HVAC operational optimization for mid-rise and high-rise multifamily and hotels. The company’s Pi platform has the ability to grow, learn and respond to changes in weather, occupancy levels and seasonal energy usage. Parity noted that what makes them unique is that they require no upfront investment – the entire project is paid for through the energy savings that are guaranteed when a client signs.

6. Olsa Tools

Olsa Tools’ story goes back to 2015 when Charles Marois – an avid car lover and tinkerer – grew frustrated with organizing solutions. The result was a magnetic hex bit organizer. Over the past five years the company has continued to innovate with hand tools, sockets and accessories. And if you’re worried about durability, all Olsa’s tools are professionally tested by local heavy-duty service shops located in Nisku, Alta. Olsa’s team loves tools so much they even have a TikTok account where they showcase their tools in action, offer tips and challenge viewers to “guess the tool”.



Need heavy equipment? DOZR wants to make renting it as easy as possible. The massive online equipment rental marketplace has 15,000 suppliers across North America. Contractors can search for equipment, compare pricing from their favourite suppliers and book instantly all under one DOZR account. They handle all the details including logistics and payments for a rental regardless of where the customer is located and who the equipment supplier is. Late last year they announced partnership with rental equipment software provider InTempo. This gives DOZR data on real-time availability, rates, upcoming reservations and pickups.

4. Ace of Decks

Ace of Decks is exactly what it sounds like. They do one thing and they do it well. The Montreal-based company specializes in the design and construction of made-to-measure decks. The company says their team began building decks when at 14 years old. They were too young to drive so they biked to jobs while balancing bags of tools. Their portfolio features decks that cleanly wrap around trees, form complex pyramid stairs and create cozy homes for hot tubs.

3. Luxton Construction

Luxton is a locally-owned full-service General Contractor based in Vancouver. They offer general contracting, design-build and project management services under a variety of contracting methods. The company was founded in 2016 and rather than slowing down during the pandemic, it has doubled its staff. Here’s a sample of some of their projects: Wuikinuxv Wharf Reconstruction, rock face remediation in Horseshoe Bay and demolition work on the Aldergrove Water Treatment Plant Tank Replacement Project.

2. Banyan

Banyan says it is unlike any other construction firm on Vancouver Island. The company says it is able to control costs and production delays by keeping the majority of its work in-house. They believe that being able to control all aspects of a project is a distinct advantage over the competition. Banyan has also formed strong strategic alliances with architects, engineering firms and all necessary sub-trades in the Victoria area. Some of its projects include Hudson Place Two and Gordon Head Recreation Centre

1. Orion Construction

Orion’s team poses for a staff photo. – Orion

No wonder this company’s name references the stars. Its growth is blasting off to new heights. From the 430 companies featured on the Globe and Mail’s list, the full-service contractor for light industrial and commercial developments came out on top. In the past three years they have seen revenue growth of more than 12,000 per cent. What’s their secret? Orion told SiteNews that a major part of it has been mastering the design-build model and assembling a high-quality team. 


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