Canada must recruit, train, and retain approximately 300,000 skilled tradespeople by 2032 in order to meet new construction demands.
Problem Overview
The construction and trades industry in Canada is facing a critical labour shortage, primarily due to an aging workforce and a lack of young professionals entering the field. To meet industry demands, Canada must recruit, train, and retain approximately 300,000 new skilled tradespeople by 2032. Ontario alone requires an additional 100,000 skilled tradespeople to meet its goal of constructing 1.5 million homes by 2032. Failure to address this labour gap could cause significant setbacks in both the construction industry and real estate market.
Venture Opportunity
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Subject Matter Expert
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Entrepreneur
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Corporate Innovator
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Other
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Our Research
Home Improvement: Secondary Suites
(Part II)
The concept of the secondary suite, a segment tied to home improvement, has deep roots in Canada
