October 25, 2019
Fall 2019 Statistics Show Progress on Key Construction Sector Indicators
Increase in number of construction companies and average wage highlight strong sector performance
Victoria, B.C. (October 25, 2019) – The BC Construction Association (BCCA) released its latest construction sector statistics package today, 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 percent non-union.
The BCCA’s Fall 2019 Stat Pack shows that overall, B.C.’s construction industry continues to be the No. 1 employer in B.C.’s goods sector, with more than 236,000 people relying directly on construction for a paycheque: that’s up 17% since 2014, and at 9.2% of the total B.C 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 B.C., bringing the total to 25,736, up 17% 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 B.C. 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% 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 B.C. CONSTRUCTION INDUSTRY STATISTICS:
- Construction is the No. 1 employer in B.C.’s goods sector.
- Value of proposed construction projects in British Columbia: $206 billion
- Value of current construction projects underway in B.C.: $115 billion
- B.C.’s construction industry accounts for 8.6% of the province’s GDP.
- More than 236,000 people rely directly on B.C.’s Construction industry for a paycheque. That’s 9.2% of the workforce. (More than any other sector, and more than forestry, mining, agriculture, fishing, and manufacturing combined) (5-year trend: Up 17%)
- Number of construction trades workers in B.C.’s labour force: 180,300 (B.C. Stats: Spring 2019)
- Number of construction companies in B.C.: 25,736 (Up from 24,347 in Fall 2018; 5-year trend: Up 17%)
- The average yearly wage of B.C. construction employees: $61,784 (Up from 57,647 in Fall 2018; 5-year trend: Up 10%) (Cumulative yearly wage is $14.6B)
- Number of construction jobs in B.C. 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%
- Percentage of construction trades workforce in B.C. that is male: 95%
About British Columbia Construction Association
The British Columbia Construction Association (BCCA) works with four Regional Construction Associations (NRCA, SICA, VICA, and VRCA) to serve more than 10,000 employers in the provinces industrial, commercial, institutional (ICI) construction industry. BCCA’s programs and services include employee benefits (BCCA Employee Benefits), technology tools for bid and project management (BidCentral), Employer services through the Builders Code, which strives to improve workplace culture, and employment programs (Skilled Trades Employment Program (STEP), Integrating Newcomers, LNG Canada Trades Training Fund, LNG Canada and Coastal Gas Link Connect). BCCA advocates on behalf of all employers to ensure British Columbia’s construction sector remains productive and resilient. For more information, visit us at www.bccassn.com (website), @ThisisBCCA (Facebook) and @thisisBCCA (Twitter).
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BC Construction Association