Construction reports slight year-over-year labour force, employment increases


Tight construction labour markets persist in August as labour force growth modestly outpaces employment gains After contracting slightly in July, employment increased by 40,000 (0.2%) in August. Since January, employment has increased by 174,000 (+0.9%) – or by 25,000 on average per month. The LFS data also shows that August’s increase in employment was outpaced by population growth (+103,000; +0.3%). As a result, the national, all-industry employment rate, which is the proportion of the population aged 15 and older who are employed, fell 0.1 percentage points to 61.9%. Canada’s overall unemployment rate was unchanged at 5.5%. This follows consecutive [...]

Construction reports slight year-over-year labour force, employment increases2023-09-19T19:29:49+00:00

Canada announces GST Rebate to incentivize construction of rental homes


Enhanced GST Rental Rebate to build more apartments for renters On September 14, 2023, the Prime Minister announced that the government will introduce legislation to enhance the Goods and Services Tax (GST) Rental Rebate on new purpose-built rental housing, to incentivize construction of much-needed rental homes for Canadians. To build more rental housing, the removal of GST will apply to new purpose-built rental housing, such as apartment buildings, student housing, and senior residences built specifically for long-term rental accommodation. This enhancement increases the GST Rental Rebate from 36 per cent to 100 per cent and removes the existing GST [...]

Canada announces GST Rebate to incentivize construction of rental homes2023-09-15T14:26:41+00:00

ICIC construction sector remains resilient


Industry still looking to fill jobs despite signs of tight labour market easing While inflation and workforce shortages continue to pose challenges across all sectors, the industrial, commercial, institutional, and civil (ICIC) construction industry emerged as a positive force for Canada’s economy in 2022 and continues to show signs of growth in 2023. These gains could not be achieved without the essential contributions of its labour force, particularly eleven key occupations crucial to its operations. Although labour market tightness began easing in Q2, the current and expected demand for construction and projected future retirements continue to threaten the sustainability [...]

ICIC construction sector remains resilient2023-09-06T15:19:46+00:00

Building more homes in Hamilton


Feds give Hamilton $45M to build and fix 214 rental units The Government of Canada is taking real and urgent action to make housing more affordable for Canadians. For students who rent, families who own, and young couples looking to buy their first home, finding an affordable place to live has become increasingly difficult. Prime Minister, Justin Trudeau, and Mayor of Hamilton, Andrea Horwath, announced a joint investment of nearly $64 million from the Government of Canada and the City of Hamilton to build and repair 214 homes for families in Hamilton, Ontario. This announcement builds on the 7,255 [...]

Building more homes in Hamilton2023-08-02T14:11:51+00:00

Construction hits new highs in labour force and employment


Construction hits new highs in labour force and employment Labour shortages facing the construction industry have made some progress over the last year. Employment gains over the past 12 months have been greatest in Quebec and Ontario. The provinces reported growth of 20,600 and 12,400 in their respective employment figures since June 2022. The advance was driven by gains in full-time work (+110,000, +0.7%). Employment gains were most significant among young men aged between 15 and 24 years and among those in the core working-age demographic of between 25 and 54 years. Both groups added 31,000 workers for the [...]

Construction hits new highs in labour force and employment2023-07-21T17:23:20+00:00
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