More Immigrants Recruited to Aid Trudeau’s Homebuilding Ambition
- 29% more tradespeople arrive in Q1 than 2023 quarterly average
- RBC says Canada may need 500,000 more homebuilders by 2030
A worker at a home under construction in Vaughan, Canada.
Photographer: Cole Burston/BloombergThis article is for subscribers only.
Canada is on track to add more newcomers with construction skills than in recent years, an early sign that a targeted immigration program is working — though still not quickly enough to close a massive housing supply gap.
Admissions of permanent residents with trades skills rose 29% from January through March from the average quarterly rate in 2023, according to government data obtained by Bloomberg. If that pace is sustained, Canada will grant residency to some 17,800 skilled construction workers this year.