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Ontario faces a shortage of construction workers

 

Ontario faces a shortage of construction workers

Ontario faces a shortage of construction workers

Ontario's construction sector faces a shortage of 72,000 workers, driven by high retirement rates and booming demand for housing and infrastructure. Over 80,000 workers are set to retire in the next decade, needing more new workers to fill their positions. 


This shortage could leave about 118,900 construction positions vacant by 2033. The government is investing $3.6 million in projects to prepare 2,200 women and young people for careers in construction. Meanwhile, the Canada Mortgage and Housing Corporation states that Canada needs 5.8 million new homes for affordable housing, but current construction rates could only supply 2.3 million units by 2030.


About the Construction workers in Canada 


Canada, which is ranked as the fifth best country in the world to live and work in the construction industry, is becoming a more alluring choice for construction workers seeking greater job opportunities. To put it simply, in terms of funds, construction workers here earn $55,927 a year, which is the third-highest salary in the world for their industry.  


Because of the country's high rate of development—82 percent of Canadians live in small and medium-sized cities—major cities must undertake year-round construction projects for infrastructure. Over 1.4 million people are employed as a result of such high demand, which also generates about $141 billion yearly (or 7.5 percent of Canada's gross domestic product). Just construction accounts for almost half of the country's GDP!  


Nonetheless, as the sector expands, so do the employment opportunities. In fact, there have been 50% more construction jobs in the last ten years alone.


Workers in Canada anticipate a 3.6% salary raise in 2024


According to a financial consulting firm, Normandin Beaudry study, Canadian workers may expect an average salary hike of 3.6% next year. The survey also indicates that 43% of businesses are considering an extra 1% average salary increase. Industries may witness above-average pay rises including: 

  • STEM, 

  • Real Estate, 

  • Manufacturing, and 

  • Accommodation and Food Services. 


In addition, Quebec, Yukon, Ontario, and British Columbia are predicted to experience salary growth in line with or exceeding the national average, while the rest may receive slightly less. These pay raises and Canada's top-notch quality of life make it a desirable location for potential newcomers. Workers in Canada anticipate a 3.6% salary raise in 2024


About the new pilot program for construction workers in the Nova Scotia


The Government of Nova Scotia announced a new pilot program for construction workers to boost growth in the skilled trades and modernize the apprenticeship and trades qualification system. 


Premier Tim Houston has announced measures to add 5,000 new apprentices in the next three years, increase the number of journeypersons and trades qualifiers by 1,000 annually, and raise the apprentice retention rate from 43% to 60% within five years. 


The Critical Construction Worker Pilot, part of Nova Scotia's Provincial Nominee Program, will include 21 in-demand occupations in the construction sector, focusing on residential building trades. 

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