Surrey Business News

Key Con­struc­tion Sec­tor In­di­ca­tors

- Business · British Columbia

The BC Con­struc­tion As­so­ci­a­tion (BCCA) re­leased its lat­est con­struc­tion sec­tor statis­tics in late Oc­to­ber 2019 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 per cent non-union.

KEY BC CON­STRUC­TION IN­DUS­TRY STATIS­TICS:

• Con­struc­tion is the num­ber 1 em­ployer in BC’S goods sec­tor.

• Value of pro­posed con­struc­tion projects in Bri­tish Columbia: $206 bil­lion

• Value of cur­rent con­struc­tion projects underway in BC: $115 bil­lion

• BC’S con­struc­tion in­dus­try ac­counts for 8.6% of the prov­ince’s GDP.

• More than 236,000 peo­ple rely di­rectly on BC’S Con­struc­tion in­dus­try for a pay­cheque.

• Num­ber of con­struc­tion trades work­ers in BC’S labour force: 180,300 (BC Stats: Spring 2019)

• Num­ber of con­struc­tion com­pa­nies in BC: 25,736

• The av­er­age yearly wage of BC con­struc­tion em­ploy­ees: $61,784

• Num­ber of con­struc­tion jobs in BC that will be un­filled due to labour short­ages by 2028: 7,900

• Per­cent­age of con­struc­tion work­force that is union­ized: 15%

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