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
If you’re looking to roll up your sleeves and take your ideas to the next level with an industry leading strategic partner, we’d love to hear from you for the following roles:
Subject Matter Expert
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Entrepreneur
Looking to take on this challenge head on and create an innovative company to solve it? Come build with us.
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Corporate Innovator
Is this a challenge in real estate your company wants to be involved in innovating? Let’s partner.
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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
