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OTTAWA – Strong activity in the province’s engineering-construction sector will drive construction and maintenance employment demands in Newfoundland and Labrador to a peak of nearly 16,000 workers in 2029.report for Newfoundland and Labrador, released today, finds the province in the midst of a period of growth. Continued increases in new-housing, institutional, and engineering construction sectors drove employment higher in both the residential and non-residential sectors in 2022.
“The construction and maintenance industry in Newfoundland and Labrador is well positioned to withstand any forthcoming contractions created by rising interest rates and a slowing global economy in the short term,” says Bill Ferreira, Executive Director of BuildForce Canada.
Although there are a number of additional major proposed projects being tracked, they are not presently included in the BuildForce analysis. Furthermore, the BuildForce analysis does not take into account the federal government’s goal to double the number of new homes built across Canada over the next 10 years.
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