Construction management in Canada is on the upswing, and it’s because of a recent infrastructure spending boom throughout the country. The Great White North has a plethora of projects that will not only bring a positive impact to the country’s economy, but build a great community of citizens in it as well.
What’s more, it will pave the way for more jobs in the construction sector. And being a host to several immigrants from all over the world, it would be less hard for skilled workers to fill the void.
Construction and Canada: The Figures
Construction is one of Canada’s key industries, as shown by these figures:
- Out of Canada’s overall gross domestic product (GDP), construction industry accounts for 7%
- Canada is the 5th largest construction market in the world
- Construction employs over 1.3 million Canadians
- One in every 14 Canadians are in the construction industry
- The construction industry needs 322,000 workers by 2024
Also, many experts in Canada see construction as an effective measuring stick for the economy. Much construction, plus jobs spell out a vibrant economy. On the flipside, the economy is down when construction goes down too.
At the forefront of the Canadian construction boom is increased housing demand. With more people settling in Canada from all over the world, and with established Canadians making moves, there is no question that condominiums and apartments are on the rise as well.
Key areas in the country are experiencing a residential market boom. In the Greater Toronto Area, Greater Vancouver Area, and Prince Edward Island, the following factors have contributed to the high residential demand:
- Desire for condominium living
- High cost of single detached homes
Apart from the habitat construction, there is also nationwide expansion of railway systems. Here is a list of the upcoming railway projects the federal and provincial governments plan to roll out:
Réseau express métropolitain
The Montreal light rail system expected to open in 2022
Relief line North, rapid transit line
The expansion lines for the Toronto Transit Commission (TTC) line
Sheppard East LRT expansion
The new line of the Toronto Metrolinx
Green Line LRT – City of Calgary
The new dedicated light railway line for Calgary
Millennium Line Broadway Extension Project
Province: British Columbia
Expansion of Vancouver’s expansion line
Valley Line West LRT
An expansion of the provincial light railway system in Alberta
With this infrastructure boom, construction companies in Canada’s largest cities are at a crossroads. Because of the uptick, highly qualified people are needed to fill crucial spots. Even in Canada’s active immigration programs, construction work is one of the high-demand occupations, both at the federal and provincial levels.
If your job specialty is in the construction sector, or you’re looking to make a career in it, now’s a great time for you! The rental market in British Columbia is especially lucrative, as it has only been recently tapped by a number of firms. Daniel Greenhalgh, co-founder of BC’s top construction companies, is bullish on this market, so contact them immediately and you may be in for a bright future ahead!