News

Challenges in New Brunswick's Construction Sector Outlook

Challenges in New Brunswick's Construction Sector Outlook

Understanding the Trends in New Brunswick's Construction Sector

OTTAWA, Ontario — Construction activity in New Brunswick has seen a significant uptick recently due to robust residential growth, encompassing both new housing projects and renovations. The non-residential construction sector has also experienced increased activity, particularly in engineering and the construction of industrial, commercial, and institutional buildings.

Residential and Non-Residential Growth Profiles

According to the latest findings from BuildForce Canada, the province’s construction outlook is positive through to 2034. The residential sector starts this forecast period with heightened activity, largely due to a surge in new-home construction. Although investments in new housing are anticipated to decline by 2029, renovations will gain prominence, eventually surpassing new construction investments by 2026.

In contrast, the non-residential sector is forecasted to slow down initially but is expected to rebound significantly between 2027 and 2031. This growth will be propelled by major projects like the Mactaquac Life Achievement Project and ongoing upgrades at the Irving Pulp & Paper NextGen capital improvement initiative.

Employment Landscape in New Brunswick's Construction Industry

As these varied sectors evolve, overall construction employment is projected to rise by 2034. While residential employment may plateau, the non-residential segment is expected to see a 6% increase. This recruitment surge will be crucial to compensate for the retirement of roughly 6,500 workers—20% of the workforce by 2024—implying that approximately 8,400 new workers will need to be added by 2034.

While new entrants to the workforce, count of about 6,700, is primarily anticipated from local populations, the industry could still face a shortfall of 1,700 workers. Addressing this potential gap requires immediate action, which includes fostering local recruitment, enhancing training efforts, particularly with groups historically underrepresented in the field, and looking to attract skilled workers from other sectors.

Strategic Recruitment Initiatives

In 2023, new registrations in the largest construction apprenticeship programs in New Brunswick surged by 14% year on year. Notable growth was seen particularly in programs related to carpentry, refrigeration, air conditioning mechanics, welding, and heavy-duty equipment technology. Despite the program completions climbing 15%, they still fall short compared to figures from the previous decade.

Bill Ferreira, the Executive Director of BuildForce Canada, emphasized that the demographic trends indicate an older provincial population compared to the national average. This situation highlights the urgency for the construction industry to improve its recruitment of younger workers, as competition increases across all sectors for this demographic.

Women's Representation in Construction

In 2024, approximately 3,590 women worked in New Brunswick’s construction industry, marking an increase of nearly 400 from the previous year. However, women still represented only 3% of the total 29,100 tradespeople in the sector, with 21% of them working directly on construction sites.

Opportunities with Indigenous Workers

The Indigenous population has been recognized as the fastest-growing demographic in Canada, which presents new recruitment opportunities. Currently, Indigenous individuals constitute 2.6% of the construction labor force in New Brunswick, with little change over the past decade. As this population grows, sustained recruitment efforts and retention initiatives will be essential in addressing future labor demands.

Embracing Newcomers and Future Workforce Needs

The construction industry also aims to bolster its ranks by recruiting newcomers to Canada. Given historical patterns and adjusted immigration targets, it is anticipated that nearly 100,500 new immigrants will be welcomed in the province between the coming years. Successfully integrating these newcomers into the labor force could play a critical role in filling proposed positions.

Enhancing participation among women, Indigenous people, and new Canadians will be pivotal for the construction industry in New Brunswick to meet its labor force challenges in the upcoming years.

BuildForce Canada and Industry Impact

As a nationally recognized organization, BuildForce Canada is dedicated to supporting the diverse sectors within Canada’s construction industry. Their focus encompasses addressing labor market needs, collaborating with industry stakeholders, and driving initiatives that enhance workforce development. By identifying demand and supply trends, they are poised to effect positive changes to support the future of the industry.

For additional details, please reach out to Bill Ferreira, Executive Director of BuildForce Canada, at ferreira@buildforce.ca or call 613-569-5552 ext. 2220.

Frequently Asked Questions

What is driving growth in New Brunswick’s construction sector?

The growth is primarily fueled by increased residential activity, including new home builds and renovations, as well as notable non-residential projects.

How many workers will need to be hired in the coming years?

New Brunswick will likely require around 8,400 additional workers by 2034 to replace retirees and meet growing demand.

What initiatives are in place for recruiting underrepresented groups?

The industry is focusing on enhancing recruitment of women, Indigenous peoples, and newcomers to Canada as part of its workforce strategy.

How has apprenticeship registration changed recently?

New registrations in major apprenticeship programs increased by 14% year-on-year, with significant interest in trades like welding and carpentry.

Who can I contact for more information?

You can contact Bill Ferreira, Executive Director, BuildForce Canada, at ferreira@buildforce.ca for any inquiries.

About The Author

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.

Top 10 Most Recent News Articles

Lavior and CR Fitness Team for Wellness Reach

Updated Category News Views 2

Botanical Care Meets Gym Life in the Southeast Lavior, the botanical whiz kids of wound and skin care out of Miami, are shaking hands with CR Fitness, Crunch's big-time franchise operator carrying the flag across the Southeast. They’ve ironed out a deal that’ll park Lavior’s products in more than 60 gyms covering Florida, Georgia, North Carolina, and Texas. It’s a...

Continue Reading
Castillo Engineering Gears Up with New VP Appointments

Updated Category News Views 3

New Leadership to Drive Expansion In a boost to its commitment to scaling up, Castillo Engineering, based in Maitland, Florida, has roped in two veterans from the renewables sector as vice presidents. Aaron Carrillo and Devin Radovich, who share a history of successful collaboration at Renewable Energy Systems Americas (RES), are set to guide Castillo's growth in the...

Continue Reading
Navigating AI's New Era: Dresner's 2026 Findings

Updated Category News Views 8

Big Insights in the AI World of 2026 Well folks, if there's one thing making waves in the boardrooms this year, it's AI. Dresner Advisory Services just threw down a gauntlet for companies with their fresh batch of reports focused on the dizzying world of AI. They ripped right into it, exploring how firms can bag a heap of benefits and deal with the hurdles that come with...

Continue Reading
Tenera Care's Tech Triumph: Halving Falls with Simplicity

Updated Category News Views 6

Every once in a while, a piece of tech comes along that makes you sit up and say, ‘Now that’s a game-changer!’ And with the recent rave reviews, Tenera Care seems to hit just that sweet spot for folks in the senior living game. By handing Dublin Glenn Memory Care the gold in the KISS category at the 2026 McKnight's Technology Awards, it’s clear the industry is...

Continue Reading
Spencer Peterman Hosts Eco-Friendly Wood Bowl Sale

Updated Category News Views 4

Just when you think you've seen it all in the world of craftsmanship, along comes a dynamo like Spencer Peterman. For over 25 years, he's been turning what others discard into treasures. Fallen trees? Most folks see firewood. Spencer sees a future masterpiece. And now, he’s rolling out the welcome mat for his loyal customers with a special sale that runs until December...

Continue Reading
Lititz Mutual Embraces AI with Guidewire ProNavigator

Updated Category News Views 6

It's not every day you see a company like Lititz Mutual making moves in the artificial intelligence (AI) arena. Based out of Lititz, Pennsylvania, this insurance firm has decided to shake things up with Guidewire's ProNavigator AI assistant. Forging New Paths in Insurance Lititz Mutual is set to inject some serious tech into their operations. The goal? Make life easier...

Continue Reading
Nature-Based Solutions: The Economic And Community Impact

Updated Category News Views 12

Harnessing Nature to Boost Economies You ever stop to think about how nature itself might just be the best investment? Well, the Walton Family Foundation surely does, betting big on nature-based solutions. Their latest initiative, 'Human Nature,' is shedding light on how these solutions aren't just saving ecosystems — they're fortifying economies and enriching...

Continue Reading
Annex Brands Grows with Bastrop's PostalAnnex Opening

Updated Category News Views 5

New PostalAnnex Location Opens in Bastrop, TX Here's a fresh chapter in the books for Annex Brands, Inc. They've just cut the ribbon on a brand spanking new PostalAnnex in Bastrop, Texas, handing the reins over to eager fresh faces, Chetan Modi and Karan Desai. And you know what? This ain't just any regular location. It's a one-stop-shop for anything you could need, from...

Continue Reading
U.N. Leaders Converge at NYSE, Forus Soars to $3B Valuation

Updated Category News Views 6

A Busy Morning at the NYSE with Key Guests and Global Events In a world where high-stakes diplomacy and roaring market bells go hand in hand, today brings the U.S. Secretary of State, Marco Rubio, to the New York Stock Exchange. With the 81st Session of the United Nations General Assembly shaking up the Big Apple, the city finds itself at the intersection of politics and...

Continue Reading
Anixa Expands Global Footprint with Aussie Patent

Updated Category News Views 6

Breaking New Ground in Cancer Immunotherapy Today feels like a pivotal day for Anixa Biosciences. Their announcement about securing a patent in Australia for their trailblazing breast cancer vaccine is like planting a flag on new, promising territory. This is no minor step; it's a strategic leap for the company as it strengthens its intellectual grip on the global...

Continue Reading

Top 5 Most Recently Viewed Articles

Exploring Waterless Beauty with OLIVE TREE PEOPLE's Initiative

Updated Category News Views 420

Introducing the Waterless Beauty Campaign OLIVE TREE PEOPLE, a pioneer in waterless beauty, is launching an engaging campaign aimed at reshaping skincare practices for consumers. Through creative imagery and messaging, the campaign emphasizes the importance of nourishing the skin with high-quality ingredients, moving away from traditional products filled with water and...

Continue Reading
Yale Levy Takes Charge of Growth Strategy at SoloSuit

Updated Category News Views 234

Yale Levy Takes Charge of Growth Strategy at SoloSuit In a recent development, SoloSuit has announced the appointment of Yale R. Levy as its new Director of Client Development. This exciting addition to the team brings a wealth of expertise in the field of debt collection. Levy is widely recognized for his former role as President of the National Creditors Bar Association...

Continue Reading
SI-BONE, Inc. Elevates Q1 Achievements and 2025 Outlook

Updated Category News Views 151

SI-BONE, Inc. Delivers Strong Financial Performance in Q1 2025 SI-BONE, Inc. (NASDAQ: SIBN), a leading medical device innovator, announced its impressive financial performance for the first quarter of 2025. This report is momentous as it illustrates significant growth across several key metrics, illustrating the company's resilient business model and advancement in the...

Continue Reading
First Capital, Inc. Achieves Historic Quarterly Profit Trends

Updated Category News Views 191

First Capital, Inc. Delivers Impressive Quarterly Earnings Recently, First Capital, Inc. (NASDAQ: FCAP) announced an exceptional performance in its latest quarterly earnings report, showcasing a significant surge in net income. For this quarter, the company reported a net income of $4.5 million, or $1.34 per diluted share, marking a notable increase from the previous...

Continue Reading
Gen Digital Inc. Reports Impressive Q3 FY26 and Boosts Guidance

Updated Category News Views 164

Gen Digital Inc. Releases Third Quarter Fiscal Results In an exciting announcement, Gen Digital Inc. (NASDAQ: GEN), a leading force in enabling digital freedom, reported its financial results for the third quarter of fiscal year 2026. Their performance reflects a robust commitment to innovation and secure digital solutions, marking a significant step forward in the...

Continue Reading