Demand in Ontario’s residential and non-residential sectors will create labour market peaks in 2020 and in 2026, says a report.
The Ontario construction and maintenance sector will need to hire, train and retain nearly 100,000 additional workers to keep pace with expected demand growth and record retirements, according to a labour market forecast from thinktank BuildForce Canada.
Construction employment will rise by more than 23,000 workers (or six per cent) by 2026 before receding by about 13,600 workers as major projects wind down. Demand in both the residential and non-residential sectors will create labour market peaks in 2020 and in 2026, driven primarily by the non-residential sector, it says.
“The province is expected to experience low construction unemployment, high labour demand and high numbers of anticipated retirements across the scenario period,” says Bill Ferreira, executive director of BuildForce Canada. “The industry will need to remain focused on recruitment and training to meet demands for expansion and worker replacement over the coming decade.”