Forecast: Construction Employment in Canada

Construction employment in Canada has shown slow but steady growth from 2013 to 2023, reaching 1.44 million units in 2023. Over this period, there were modest year-on-year increases, except for a notable decline of 6.51% in 2020, likely due to economic disruptions from the COVID-19 pandemic, followed by a recovery in 2021. In recent years, growth has leveled off, with a CAGR of -0.08% over the past five years.

Looking forward, the forecast for construction employment up to 2028 suggests a stable outlook, with a forecasted annual average CAGR of 0.18% and an overall growth rate of 0.9% over the next five years. The employment is expected to hover around 1.45 million units.

Future trends to watch for include:

  • Impact of technological advancements and automation on job numbers.
  • Influence of government infrastructure spending and policy changes.
  • Long-term effects of the pandemic on labor supply and demand within the construction sector.

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