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by Paul Golini: Chair, BILD

 

 

Construction sector employment on the rise

I often tell people that the construction industry is one of the largest employers in the GTA - and now I can say Canada! The latest release from Statistics Canada showed that last month, construction employment was up 25,000 jobs and that compared to the same time last year, employment in our industry increased by 3.5 per cent.

Now, not all of those jobs are building residential construction but our association also has member companies that build commercial, retail, institutional and industrial developments. Together, we all working to build complete communities and in Ontario last month, the increase in construction jobs was in the commercial and institutional sector.

Across the country, $6.8 billion was the value of building permits issued in March. There was an increase from the two months preceding and it was primarily due to institutional and commercial buildings, mostly in Ontario, being ready for construction. On the residential side, the value of building permits issued declined slightly across the nation, but still totaled $3.9 billion in March.

Whenever I talk about job creation, I'm also quick to note that the impact on the economy is greater than it seems. Those jobs amount to billions in wages and federal and provincial income tax revenues, not to mention the purchases made across the whole local economy. For example, just in the GTA last year, there were more than 165,000 jobs created in new home construction, renovation and related fields within our industry generating $8.6 billion in wages and $1.6 billion in provincial and federal income tax revenue.

So, when you see construction happening in your neighbourhood, whether it's a new subdivision, a condominium, a plaza or a new hospital, think of it as someone's temporary workplace. Before you know it, it's going to be someone's new home or the newest neighbourhood hot spot.

Paul Golini Jr. is Chair of the Building Industry and Land Development Association (BILD). You can read more from Paul and BILD by visiting the Association's official blogTwitterFacebook and Youtube accounts.