Part 3/11:
The construction sector is hardest hit, with 41% of Canada’s homebuilders having already laid off workers and showing no intention of rehiring. In Ontario, almost two-thirds of builders and subcontractors have eliminated positions, while British Columbia reports a 40% reduction in staffing levels. These job cuts are not isolated incidents—they are symptomatic of a looming employment apocalypse threatening entire sectors.
The Vancouver metropolitan area alone is projected to shed 20,000 directly tied jobs—a number that rivals entire industry collapses elsewhere in the country. The layoffs extend beyond construction workers to include architectural firms, engineering companies, sales offices, and real estate agents—all facing near-zero transaction volumes.