Skilled Trades Shortage and Rising Building Costs—November 2025

Skilled Trades Shortage and Rising Building Costs—November 2025

Canadian Economic Analysis Industry Economic Analysis Skills and Workforce Development
Pages:13 pages8 min read

Author: Signal49 Research

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This report examines the relationship between inflation and labour shortages in the residential construction sector to determine a path forward that stimulates growth in the labour supply and mitigates the financial strain on households.

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Building Under Pressure: Shortages in Skilled Trades and Rising Construction Costs

In this research, we examine skilled-labour shortages in the residential construction sector, the overlapping pressures intensifying these shortages, and the resulting cost inflation.

How much have job vacancies in this sector grown over the last 10 years, and how much do we expect them to grow over the next 20 years? What pressures are compounding these labour shortages? What cost savings in residential renovations and repairs could we see by 2045 if these shortages were to be corrected?

Read the issue briefing to get our full analysis.

Cette publication est disponible en français.  

Key findings
Construction labour shortages are a major issue
Labour shortages contribute to cost inflation
Paving the path forward
Appendix A: Methodology
Appendix B: Bibliography

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