Construction workers shortage stands in the way of housing boost: experts

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Budget 2024 News

Housing Crisis,Labour Shortage,Canada

The federal budget tabled Tuesday acknowledged skilled labour shortages contribute to the 'entrenched structural barriers' holding back new housing supply.

Solving a longstanding construction worker shortage will be key to boosting housing supply, experts say, as Canada ’s national housing agency continues to forecast housing start levels that fall short of growing demand.was cited by the Canada Mortgage and Housing Corp. as one of three factors contributing to longer construction times in a housing supply report last month.

“However, it’s kind of reached a head now, in that there is a lot of work combined with just the reduction of the overall labour force.”Thomson said the industry is facing the dual challenges of replacing workers as they retire while trying to grow the sector to address Canada’s rising need for homes.

“If not addressed through, for example, attracting more people into trades and allowing more trades immigrants into our country, this may slow down the process of solving our affordability and housing crisis,” Hogue said in an interview.Canada housing crisis: Ottawa unveils 20-page ‘ambitious strategy’ for affordable homes

While some strategies being developed are geared toward the long term, prioritizing immigrants with skilled trade backgrounds could give the sector a quicker boost, said Mary Van Buren, president of the Canadian Construction Association.

Housing Crisis Labour Shortage Canada Economy

 

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