Construction Labour Supply Still Top Issue in Around Town
Your Weekly Construction Briefing
According to the BC Construction Association (BCCA) annual Industry Survey results released last week, the industry is experiencing a 79% increase in the value of current projects from five years ago, and a 17% increase from pre-pandemic levels, even as labour shortages continue.
Survey Highlights include:
• Industry employees are 8% of the BC workforce (est 215,000)
• # of BC construction companies: 26,262 (5-year trend: Up 11%)
• Est. value of current major projects: $134 billion (5-year trend: Up 79%)
• Labour shortages by 2027: 5,653
The survey also indicates that average company size continues to decrease, while wages are increasing . Workers are also getting more skilled with 76% of survey respondents reporting they are fully credentialed and 12% working on their ticket.
While COVID-19 is no longer a top issue of concern there are a number of issue that are seen as sources of stress in the industry, including lack of prompt payment, workforce shortages, and eroding public sector procurement standards.
More information regarding the value of the construction industry to BC’s economy, including a special Wages & Salaries edition, visit  https://bccassn.com
BC Construction Association, Greg Descantes, gdescantes@pacegroup.com.
Building Links Construction Reports and Statistics: The weekly #1 construction projects resource for 27 years. New and updated projects, permits, tenders, and industry connections for Vancouver Island – Central North, West Coast and Powell River. Helping you build connections so you can build communities! Where are you getting your information from? Support local trades – Subscribe Now!
