Victoria – The BC Construction Association (BCCA) released its latest construction sector statistics package, which shows a booming construction sector ($115 billion in projects underway and another $206 billion in proposed projects on the horizon) meeting the challenges of continued growth with an increase in construction companies and rising average wages for a workforce that is 85 per cent non-union.
The BCCA’s Fall 2019 Stat Pack shows that overall, BC’s construction industry continues to be the No. 1 employer in BC’s goods sector, with more than 236,000 people relying directly on construction for a paycheque: that’s up 17 per cent since 2014, and at 9.2 per cent of the total BC workforce, is more than any other sector, including forestry, mining, agriculture, fishing, and manufacturing combined. Over the past 12 months, 1,389 new construction companies were established in BC, bringing the total to 25,736, up 17 per cent over the past 5 years. Meanwhile, the average yearly wages they pay employees has also risen, from $57,647 to $61,784 over the past year.
“These numbers clearly show the importance of the construction sector to the provincial economy,” said Chris Atchison, President, BCCA. “The continued growth of the construction sector in the face of challenges related to skilled workforce availability, prompt payment, business taxation, and disruptive labour policies, is a reflection of the hard work, collaborative approach, and perseverance of the construction companies, associations and organizations who understand this sector best.”
Additionally, the 10-year projection of BC construction jobs that will be unfilled in 2028 due to labour shortages stands at 7,900 (BuildForce Canada: January 2019). That’s a 32.5 per cent reduction from the January 2018 projection of 11,700 construction jobs unfilled in 2027. While that reduction is due in part to the cancellation of certain proposed projects, progress on the labour shortage front is also being made through a number of construction sector initiatives aimed at attracting and retaining skilled labour, trades training (Trades Training Fund), improving worksite culture (Builders Code) and matching tradespeople to construction employment opportunities (STEP).
KEY BC CONSTRUCTION INDUSTRY STATISTICS:
- Construction is the No. 1 employer in BC’s goods sector.
- Value of proposed construction projects in British Columbia: $206 billion
- Value of current construction projects underway in BC: $115 billion
- BC’s construction industry accounts for 8.6 per cent of the province’s GDP.
- More than 236,000 people rely directly on BC’s Construction industry for a paycheque. That’s 9.2 per cent of the workforce. (More than any other sector, and more than forestry, mining, agriculture, fishing, and manufacturing combined) (5-year trend: Up 17 per cent )
- Number of construction trades workers in BC’s labour force: 180,300 (BC Stats: Spring 2019)
- Number of construction companies in BC: 25,736 (Up from 24,347 in Fall 2018; 5-year trend: Up 17 per cent)
- The average yearly wage of BC construction employees: $61,784 (Up from 57,647 in Fall 2018; 5-year trend: Up 10 per cent) (Cumulative yearly wage is $14.6B)
- Number of construction jobs in BC that will be unfilled due to labour shortages by 2028: 7,900 (BuildForce Canada: January 2019) (10-year forecast down from 11,700 in January 2018)
- Percentage of construction workforce that is unionized: 15 per cent
- Percentage of construction trades workforce in BC that is male: 95 per cent
www.bccassn.com
