According to Arizton research, the Canada data center colocation market, valued at USD 1.38 billion in 2024, is projected to reach USD 2.11 billion by 2030, growing at a CAGR of 7.33%. With around 111 operational colocation facilities and a strong 75% revenue contribution from the cloud & IT sector, Canada’s market is witnessing rising demand, high occupancy rates, and increasing investments across industries such as entertainment, telecom, BFSI, retail, and government.
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Report Summary:
MARKET SIZE – COLOCATION REVENUE: USD 2.11 Billion (2030)
CAGR – COLOCATION REVENUE: 7.33% (2024-2030)
MARKET SIZE – UTILIZED WHITE FLOOR AREA: 8,108.2 thousand square feet (2030)
MARKET SIZE – UTILIZED RACKS: 252.53 Thousand Units (2030)
MARKET SIZE – UTILIZED IT POWER CAPACITY: 1,710 MW (2030)
BASE YEAR: 2024
FORECAST YEAR: 2025-2030
Toronto and Montreal Lead Canada’s Digital Expansion with Thriving Data Centers
Toronto and Montreal continue to lead Canada’s data center expansion, fueled by advanced facilities and robust cloud infrastructure. Toronto hosts 35 data centers, while Montreal follows with 29, supported by major operators such as Cologix, Compass Data centers, Digital Realty, Equinix, and Vantage Data Centers. Toronto also commands the country’s largest data center power capacity, with strong installed and utilized capacities reflecting efficient operations. Together, these hubs showcase high utilization rates and growing market demand, cementing their positions as key centers for Canada’s thriving colocation and cloud services sector.
Innovation and Strategy Propel Canada’s Cloud Investment and Digital Expansion
Canada digital landscape is evolving at an unprecedented pace, driven by strategic government initiatives and businesses leveraging technology to enhance operations, productivity, and customer engagement. This rapid transformation is fueling strong cloud adoption, encouraging global providers such as AWS, Google Cloud, IBM, Microsoft, and Oracle Cloud to expand across major data centers in Toronto, Montreal, and Calgary. Strategic projects like IBM’s upcoming multizone cloud region in Montreal are further strengthening the country’s cloud infrastructure, as both public and private sectors increasingly migrate to cloud platforms, cementing Canada’s role as a leading hub for innovation and digital growth.
Why Canada is the Next Hotspot for Colocation Investments
- Robust Digital Infrastructure: High-speed connectivity and reliable power in major hubs like Toronto, Montreal, and Vancouver support scalable data center operations.
- Government AI & Tech Support: The Canadian Sovereign AI Compute Strategy (Dec 2024) brings potential $2B investment to advance AI and digital technologies.
- Strategic North American Location & Climate: Favorable weather and living conditions in key regions support sustainable operations and ecosystems.
- Strong Data Privacy & Compliance: Canada enforces comprehensive federal, provincial, and territorial regulations protecting sensitive data across industries.
Canada Renewable Energy Incentives Spark Next-Gen Data Center Expansion
The Canadian government is actively fostering renewable energy adoption through targeted tax incentives, including a 30% refundable credit for investments in electricity generation, energy storage, low-carbon heat equipment, and zero-emissions vehicles. In this supportive landscape, GH2 is set to build a wind-to-hydrogen data center campus in Newfoundland, powered by 4 GW of clean energy from its onshore wind projects. At the same time, Vantage Data Centers’ Montreal and Quebec City facilities highlight Canada’s leadership in sustainable operations, running almost entirely on hydroelectric power and showcasing the country’s commitment to energy-efficient, low-carbon data center solutions.
Explore full insights and investment opportunities in Canada data center colocation market here: https://www.arizton.com/market-reports/canada-data-center-colocation-demand
Vendor Landscape
Existing Colocation Operators
- eStruxture Data Centers
- Cologix
- Vantage Data Centers
- Equinix
- Compass Datacenters
- Urbacon Data Centre Solutions
- Digital Realty
- Fibre Centre
- Telehouse
- CORE Data Centres
- Qscale
- Enovum Data Centres
- IREN (IRIS ENERGY)
- Wesco (Ascent)
- Serverfarm
- Hut 8 (TeraGo)
- STACK Infrastructure
- CenterSquare (Cyxtera Technologies)
- Bell AI Fabric
New Operators
- Beacon AI Centers
- AVAIO Capital
- Yondr
- Nordik Data Centers & Accelsius
- Prairie Sky Data Solutions
- O’leary Ventures
- Woodland Cree First Nation
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What Key Findings Will Our Research Analysis Reveal?
- Who are the new entrants in the Canadian data center industry?
- What is the count of existing and upcoming colocation data center facilities in Canada?
- What factors are driving the Canada data center colocation market?
- How much MW of IT power capacity is likely to be utilized in Canada by 2030?
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