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The job vacancy rate in construction is at a record high with around 80,000 vacancies in the industry, said CIBC deputy chief economist Benjamin Tal in a recent note.
The construction industry is short tens of thousands of workers, and experts say a coming wave of retirements could make the problem worse even as Canada is millions of homes behind what's needed to reach housing affordability this decade.
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The resilience of both the market and the economy has surprised many people, including me
Even as rents soar more than half of new condo investors with a mortgage are now losing money renting them out, a new report says. Read more
Even as rents soar more than half of new condo investors with a mortgage are now losing money renting them out, a new report says. Read more