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Composition of resource-related investments is changing after more than a decade-long construction expansion

OTTAWA – The composition of resource-related investments is changing after more than a decade-long construction expansion, driven by new resource developments. Major infrastructure projects, sustaining capital and maintenance work that support Canada’s new resource capacity become important drivers of labour market demands, according the latest forecast released by BuildForce Canada.

“As oil investments slow, opportunities continue in pipeline, transportation systems, electricity generation and distribution projects,” said Rosemary Sparks, Executive Director of BuildForce Canada. “New jobs are being created, supporting current and future resource production.”

BuildForce Canada’s 2015-2024 Construction and Maintenance Looking Forward forecast shows that Canada’s construction workforce must meet the demands of new and ongoing resource development, as well as sustaining and maintenance work. Despite weaker conditions at times during the 10-year forecast period, the workforce continues to grow, with 81,000 new jobs created. Industry’s bigger challenge is offsetting the rising number of retirements. Up to 250,000 construction workers, or 21 percent of the workforce, is set to retire in the next decade.

“Replacing that many retirees is an ongoing challenge,” added Sparks. “Industry can’t afford to let up on recruitment, whether it’s attracting young people, workers from other industries, or from outside the country.”

BuildForce Canada’s annual forecast also shows:

Residential construction: Employment rises modestly across Canada from now to 2024, with stronger gains in Ontario, Quebec and British Columbia. More than half of residential construction investment will be in renovation and maintenance work. Residential construction is more cyclical in Newfoundland and Labrador, Saskatchewan and Alberta, where resource project cycles drive new housing lower across the scenario period.

Non-residential construction: Employment grows gradually to 2024 with the strongest gains in the West. Engineering projects drive employment cycles in Newfoundland and Labrador and Saskatchewan. In Alberta, oil price declines drive oil and gas construction lower until 2017, when job growth resumes. Commercial construction is a steady source of new construction jobs across all provinces.

Highlights of BuildForce Canada’s 2015-2024 Construction and Maintenance Looking Forward forecast can be found for each province at: www.constructionforecasts.ca


 



 

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