Industry sounds alarm over construction job vacancy rates
From Canadian Construction Association (CCA) – The demand for labour in non-residential construction is increasing thanks to the post-pandemic boom experienced by the construction industry.
With the number of job vacancies currently sitting at 84,585 and the value of monthly building permits reaching $3.9 billion – a 17 per cent increase over its highest recorded level seen since 2019, the number of workers required to successfully complete projects needs to drastically increase in the coming years.
BuildForce Canada forecasts that given the current demand for non-residential construction, the industry will need to add 113,100 workers by 2027. The first 35,500 workers will be needed to meet the rising demand, while the remaining 77,600 are required to make up for the same number of workers set to retire over the same period. Read more from CCA’s economic update.