The construction industry is an important economic driver for Canada as well as an indicator for the strength of the nation’s economy. Employment in construction has also grown significantly with industry demand, however, the lack of available skilled workers is becoming more of a concern due to the aging demographic of those employed in the industry. Despite growth, there is a discrepancy between various sectors. For example, spending on institutional construction is largely funded by the government and is one of the weakest sectors. Regional differences are also apparent in the construction industry, as the markets in Alberta and Saskatchewan have largely been fueled by their abundance of natural resources, whereas Ottawa’s economy is currently being affected by a decrease in government jobs.
The construction industry is an important economic driver for Canada as well as an indicator for the strength of the nation’s economy. Employment in construction has also grown significantly with industry demand, however, the lack of available skilled workers is becoming more of a concern due to the aging demographic of those employed in the industry. Despite growth, there is a discrepancy between various sectors. For example, spending on institutional construction is largely funded by the government and is one of the weakest sectors. Regional differences are also apparent in the construction industry, as the markets in Alberta and Saskatchewan have largely been fueled by their abundance of natural resources, whereas Ottawa’s economy is currently being affected by a decrease in government jobs.
