New information from Build Force Canada shows that big construction projects are expected to drive growth in Newfoundland and Labrador’s construction industry until 2033, but they might also lead to a shortage of workers.
This past year, there was a small increase in construction and maintenance work, thanks to more investment in non-residential projects like engineering and buildings for business and institutions. However, residential construction slowed down a bit because of higher interest rates.
Executive Director of Build Force Canada, Bill Ferreira, says growth in the non-residential sector in Newfoundland and Labrador will continue for the next ten years on the strength of a number of projects such as West White Rose, Voisey’s Bay and a number of hydrogen-related endeavours.
He says the non-residential sector could be short by about 1900 workers. The entire construction industry, including the residential side, may be short by 2400 workers if they don’t find a way to increase overall recruitment.
Taking into account the number of workers who will retire, the gap will be 4800 by 2033.