118,000 Retiring Workers in Residential Construction
Means Great Career Opportunities for Millennials
Over the next decade, Canada’s residential construction industry will need to attract some 94,100 new workers in order to meet the housing needs of Canadians. These new jobs will open up as an estimated 21% of current workers retire, a departure of over 118,000 workers by 2026.
That’s the key finding of a new labour forecast report by BuildForce Canada, a national industry-led organization that studies the construction industry’s workforce requirements. The aging of Canada’s population is also clearly shown in the 2016 Census data released today by Statistics Canada.
“Our industry is responsible for over 1 million jobs annually and is an important part of the economy in every community across the country, so the wave of retirements starting in our industry, as shown by the BuildForce labour forecast, represents new career opportunities in construction for young people in all regions”, noted Kevin Lee, CEO of the Canadian Home Builders’ Association (CHBA). “Residential construction jobs are rewarding and pay well. They involve a wide range of skilled trades areas, and are increasingly technical in scope”, he added.