Canada faces a structural labor market shift due to a historic wave of retirements and immigration caps reducing younger workers. The population is set to shrink in 2026, with the workforce declining even more sharply. Retirements are at record levels and will continue into the 2030s, while the youth population and workforce are shrinking. This labor squeeze impacts housing supply, as construction faces significant worker shortages, causing project delays and supply constraints.
Continue to full article
Leave a Reply