Canada’s residential construction sector relies heavily on small firms, with those employing fewer than 20 workers accounting for 66.1% of total employment in 2023. This fragmentation poses risks to productivity and scaling amid a housing shortage, as small operations struggle with labor shortages and efficiency compared to larger firms. Homebuilders and investors must prioritize strategies targeting these small players for maximum market impact and profitability.

Source: https://www150.statcan.gc.ca/n1/daily-quotidien/260225/dq260225c-eng.htm

#CanadaRealEstate, #ResidentialConstruction, #HousingCrisisCanada, #RealEstateBroker, #MortgageBroker, #ConstructionJobs, #CanadianHousing, #RealEstateMarket, #SmallBusinessCanada, #BuildCanada