Skip to main content

Construction Industry in Canada needs more construction workers

The construction Industry in Canada needs more construction workers

 Despite exceeding immigration targets and expecting an influx of skilled tradespeople, Canada's construction industry continues to lose thousands of jobs. In July, the sector saw a 2.8% drop, with 45,000 jobs lost. This trend is increasing, with construction experiencing more job losses than other major sectors. The problem is worsened by an upcoming wave of retirements and a housing shortage of millions. 


Canada Mortgage and Housing Corp forecast 3.5 million more homes to be built by 2030, but the number of new homes is declining. Immigration Minister Marc Miller believes new immigrants are necessary to solve the housing crisis and intends to maintain or increase immigration targets.


Construction Industry in Canada needs more construction workers



Construction Industry in Canada and needs of construction workers


The construction industry in Canada plays a vital role in the economy of Canada. For example, the construction of new housing and commercial sectors is critical to meeting the demands of an ever-increasing urban population. The construction industry is a key economic driver for Canada and a measure of the country's economic prosperity. 


In 2022, the Canadian construction industry was worth $355.9 billion. During the period 2024-2027, the market is expected to grow at a rate greater than 1%. The construction industry's output will be strengthened by developments in the industrial, energy, and transportation sectors throughout the projection period. 


The construction industry is short of tens of thousands of workers, and analysts predict that a wave of retirements could worsen the situation.


Meanwhile, Canada is millions of homes short of reaching housing affordability this decade.


According to CIBC deputy chief economist Benjamin Tal in a recent report, the construction job vacancy rate is at an all-time high, with over 80,000 vacancies in the industry.


These vacancies, which hike building costs and limit productivity, occur at a time when the residential construction industry is under pressure to satisfy the needs of an expanding population. 


According to a spokesperson for newly-appointed Immigration Minister Marc Miller, one of his top goals and a primary purpose of the government's immigration targets is to address Canada's labor shortages.


"Strategies such as Express Entry and the historic Immigration Levels Plan, which largely comprises economic migrants, are a great asset to our nation because they will directly contribute to addressing the ongoing labor shortage." This is especially true in the housing sector," Bahoz Dara Aziz, the immigration minister's press secretary, told Global News.


"With provinces like Ontario needing 100,000 workers to meet their housing demands," the spokesperson continued, "it is clear that immigration will play a strong role in creating more homes for Canadians."


Join our RSS Feed 


Want to know more details about the “Construction Industry in Canada needs more construction workers” you can contact one of our immigration specialists at  Gunness & Associates.




Tel: (416) 604-2669 

Email: info@immigrationmatters.info


Gunness & Associates has helped thousands of people successfully immigrate to Canada with their families. Our skilled and experienced immigration experts have the expertise to accurately examine your case and advise you on the best method of proceeding to best serve your needs.



For honest and straightforward advice, contact the experts

at Gunness & Associates



Get a free Assessment 


Join our newsletter and get up-to-date immigration news Click here




All rights reserved ©2023 Gunness & Associates
Labels:
Location: 3500 Dufferin St Suite 501, Toronto, ON M3K 1N2, Canada

Comments

Post a Comment

Popular posts from this blog

IRCC will continue to hold virtual citizenship ceremonies

IRCC will continue to hold virtual citizenship ceremonies According to the Government of Canada’s response to the petition on citizenship ceremonies, Immigration, Refugees and Citizenship Canada (IRCC) is considering an online tool for self- administered Oath of Citizenship . The analysis is underway, considering client experience, process integrity, and preserving the importance of citizenship ceremonies.  Video ceremonies introduced in 2020 due to COVID-19 have helped reduce processing times and increased monthly oath-taking. These allow participation from rural areas and accommodate larger groups. Between January and September 2023, 276,540 new citizens were made, exceeding pre-COVID levels. Ceremonies are scheduled considering operational demands, official availability, and venue suitability. IRCC is working towards a 12-month service standard for granting citizenship. If you are applying for citizenship, you must be a permanent resident (PR) in Canada, regardless of your age. ...
Post a Comment
Read more

IRCC invited 500 Francophone candidates under the Express Entry draw 266

  IRCC invited 500 Francophone candidates under the Express Entry draw 266 On September 27, 2023, Immigration, Refugees and Citizenship Canada (IRCC) held a new draw for French candidates under the Express Entry. In round #266, IRCC issued 500 Invitations to Apply (ITA) to francophone candidates.  The cut-off score of this draw was 472 points , 37 points more than the previous draw for this category. The tie-breaking rule for this round was August 16, 2023, at 09:00:14 UTC. As of September 26, 2023, there were 214,000 profiles registered in the Express Entry pool.  As a candidate, you can work with an immigration specialist. Fill out the form to Get an assessment from an experienced and licensed immigration consultant. This year, Canada issued 85,448 ITAs through the Express Entry draws. Latest draws for Francophone candidates under the Express Entry  This was IRCC's third invitation round for candidates with French language proficiency. The previous details of suc...
Post a Comment
Read more

IRCC sets new wage rules for employers recruiting temporary foreign workers

IRCC sets new wage rules for employers recruiting temporary foreign workers From January 1, 2024, employers recruiting through the Temporary Foreign Worker Program (TFWP) must adjust foreign workers' wages to match updated prevailing rates, as per Immigration, Refugees and Citizenship Canada (IRCC). Although some employers are exempt, this usually requires a Labour Market Impact Assessment (LMIA). The Job Bank updates provincial wage differences annually.  Canada is inviting foreign workers to boost its economy amid labor shortages, with potential losses of $38 billion due to shortages, as the Canadian Federation of Independent Business (CFIB) reported. Foreign workers in Canada are legally entitled to the same rights as Canadians, with employers required to ensure a fair work environment and access to healthcare. Even if the prevailing wage falls, the updated wage can never fall below the wage identified in the positive LMIA at any time during a TFW's employment period. Emplo...
Post a Comment
Read more