Part 6/11:
The collapse of the housing market is not just a numbers game — it threatens millions of livelihoods. The construction industry employs approximately 225,000 Canadians directly and indirectly, and experts warn that up to 100,000 jobs could be lost if sales do not rebound. This includes electricians, plumbers, carpenters, crane operators, inspectors, and countless others connected to the building supply chain.
Over the past nine months, Canada has experienced over 100,000 jobs lost mainly in sectors tied to the housing industry and broader economic sectors. Job cuts are now visible in real-time, with builders cancelling projects and financing drying up as pre-sales decline.