KNOWLEDGE CENTRE
 HBA Knowledge center
The knowledge centre is a valuable tool that provides CHBA's leadership with access to a wealth of information and resources. It serves as a centralized hub for all the latest news, trends, and best practices in the housing industry.
The knowledge centre features a wide range of resources, including industry reports, research studies, policy briefs, and case studies. It also offers access to training materials, and other educational resources that can help CHBA's leadership stay up-to-date with the latest developments in the housing industry. By leveraging this platform, the organization's leaders are better equipped to navigate the complex challenges that the industry faces and to identify new opportunities for growth and innovation.
Economic Impact Fact Sheets
Economic Impact Fact Sheets
Info for EOs and Members regarding
Each year, CHBA reports on the significant economic impact of the residential construction industry for the previous year, across Canada at the national, provincial and community levels. The fact sheets (found here) reflect estimated economic impacts of residential activity for the past year based on Statistics Canada and CMHC data. They include investment, direct and indirect employment, and wages paid.
About the Fact Sheets
Each year, CHBA produces Economic Impact Fact Sheets that report on the significant economic impacts of the residential construction industry across Canada at the national, provincial and community levels. The new home construction home and renovation industries are crucial to the Canadian economy at large and in every single community, creating jobs at the local level that help our communities thrive. The fact sheets reflect estimated economic impacts of residential activity for the past year based on Statistics Canada and Canada Mortgage and Housing Corporation (CMHC) data.The report also includes our annual Economic Impact Fact Sheets which highlight the importance of the residential construction industry within Canada’s economy and in each community across the country. For your convenience, you can find each fact sheet linked independently below.
Key Findings in 2022
- In 2022, there were a total of 1.52 million on-site and off-site jobs created in new home construction, renovation, and repair – which makes the sector one of Canada’s largest employers.
- 63% of the total number of jobs were concentrated in renovation and repair while 37% can be attributed to new home construction.
- This work resulted in $107.2 billion in wages that show up in other consumer spending across the entire national economy and help increase economic activity. This number is up modestly from 2021 and 15% above total wages in 2020.
- The residential construction industry is the largest single wealth-builder for most families and provides for $211.3 billion in economic investment. The value of economic investment is up 11% from 2021 and surged 42% beyond investment recorded in 2020.
Tips for using the Fact Sheets
- This information can be used to provide government officials, your members, the public a snapshot of the impact of the residential construction industry in your community. They are a great starting point for any government relations meeting.
- The information on the sheets is useful in showing the important role residential construction plays in your community but may not reflect actual current conditions. The information here provides a starting point to be supplemented by real-time information about what your members are currently experiencing on the ground.
- The sheets are designed to be printed off and used as leave-behinds for meetings. The contents can also be incorporated into media, op-eds, articles, reports, or other communications products.
Tips for using the Power BI tool
- Power BI is a business analytics service by Microsoft. It aims to provide interactive visualizations and business intelligence capabilities with an interface simple enough for end users to create their own reports and dashboards.
- The dashboard will allow you to visualize the data in a more efficient manner, being able to click through different locations in an easy way.
- If you would like to take a screenshot of a specific location’s data, you can use the “Snipping Tool” on your laptop:
- To open the Snipping Tool, press the Start key, type snipping tool, and then press Enter.
- Click on “New” and take a screenshot of the dashboard.
- After that, you can copy and paste the image wherever you like or save it on your laptop.
Contact Information
For questions or comments on the Economic Impact Fact Sheets, please contact Evan Andrade, CHBA's Economist, at at evan.andrade@chba.ca.
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