You have decided to renovate your house. That’s good news! Renovations are a great way to have the home you’ve always wanted without all the hassle of move-ins or custom builds. Did you know that by renovating your home you are contributing to one of Alberta’s leading industries? The construction industry employs 10.5% of the workforce in Alberta. In 2016, the Canadian Home Builders Association (CHBA) released statistics showing 129,288 jobs in Alberta renovations alone. That is a great number. Of those jobs, 14,457 are in Edmonton and 14,394 in Calgary.
What is considered a renewal? A renovation is the action of developing, improving, or changing your existing home in some way. A project is still considered a renovation when a structure is built on an existing foundation, regardless of the extent of the new construction.
Alberta
In 2017, Alberta had a total employment of 2,286,900. The province’s construction industry employs 241,000 people, representing an employment share of 10.5%. The industry is projected to grow an additional 1.4% by 2021.
Calgary
Construction represents 8.8% of Calgary’s workforce (2017). That’s roughly 75,000 construction jobs, 14,394 of which are in the renovation category. In 2017, renovations accounted for nearly 20% of the construction industry in Calgary.
In 2016, the value of the investment in renovation amounted to $ 2.4 billion. It is one of the strongest wealth building industries for Calgary families. $ 990 million was spent on salaries. This number is the total purchases for Calgary. These are important contributions to the economy.
Edmonton
Edmonton employs approximately 55,000 construction workers. With 14,457 employees in the rehabilitation sector, it represents 26% of the construction industry in the area. In 2016, the value of the investment in renovation amounted to $ 2 billion. This helps maintain Edmonton’s largest wealth building industry. $ 996 million was spent on salaries. This number is the total purchases for Edmonton.
Latest renovations
Ultimate Renovations started in 1979. We have been in the industry for almost 4 decades. With over a thousand clients served and jobs completed, we have established ourselves as one of the leading companies in the renovation industry. As a nine-time ‘Renovator of the Year Award’ winner, we have employed many Albertans and invested again in the Edmonton and Calgary economies. You can rest easy now, knowing that your home has helped benefit many employees and their families who work in the renovation industry.