Further employment declines are projected for the province’s construction industry in 2019.
That’s according to BuildForce Canada’s latest Construction and Maintenance Looking Forward provincial report.
It forecasts that with major projects like Muskrat Falls winding down, construction work in this province will trend down over the coming decade to more historic levels. That’s in the absence of new and significant major projects according to the executive director of BuildForce Canada Bill Ferreira.
He says the labour force, especially in the non-residential construction side, is in decline, although it’s returning to more normal historic levels.
It’s not all bad though. The prospect for the $6.8-billion Bay du Nord deepwater oil development project is a source of optimism for the industry.
He says while they are monitoring the West White Rose and Bay du Nord projects, until the deepwater oil development project receives a positive decision to proceed, they can’t factor it into their forecasts.