CanadianVP (Canadian Visa Professionals)

05Mar 2023 by CanadianVP No Comments

Survey: Half of the Canadian Firms will Increase their Pay Budgets During 2023

A survey by Normandin Beaudry revealed that two-fifths of 440 employers had set apart an average of 1.2% in additional funds for salary raises. Some of the reasons for these respondents' actions are market adjustments and the need to retain a critical role. Another reason is the need to retain workers at risk of leaving.The respondents also said they're anticipating an average budget raise of 4.7% to allow for salary raises in 2023. Locations anticipating the highest budget increases are Quebec and Ontario. Canadian Visa Professionals added private businesses and nonprofit organizations are anticipating the highest budget raises.Ultimately, companies continue to invest in salary increase budgets in spite of the volatile economic condition. Darcy Clark, senior principal for compensation at Normandin Beaudry, said they are doing this to adjust to…

20Jan 2023 by CanadianVP No Comments

Canada’s Housing Minister Seeks Foreign Construction Workers

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Canada's housing minister, Ahmed Hussen, is trying to stop the country's skyrocketing housing prices. The primary plan is to double the pace of housing construction within 10 years. Hussen stated that the housing supply issue is critical to Canada's future success. Thus, in order to keep attracting skilled immigrants, housing issues should be sorted. Moreover, this will help to sustain the expansion of the country's economy.The housing plan over the next decade is a daunting target for Canada's housing minister. This is because skilled labour in the building industry is scarce, said Canadian Visa Professionals. High Housing Prices in Canada From reports, Canadian housing prices have been on the high side since before the pandemic, but in the past two years, the prices have risen by over 50%. As a result,…

25Dec 2022 by CanadianVP No Comments

Not Enough Workers for Construction Jobs in Canada

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The Canadian government's plan for housing is to boost supply. This plan was laid out in the government's spring budget. In recent years, Canada has averaged about 200,000 new housing units annually. The government has promised to double the country's current rate of new construction over the next decade.Canadian Visa Professionals reported that this plan generated skepticism from analysts. Robert Kavcic stated that even if dollars become doughnuts, this won't happen. The senior economist with the Bank of Montreal said the statement not because of a lack of good intentions. Instead, he said it because of the scarcity of skilled labour in the construction sector. Economists Doubt the Feasibility of the Construction Plan Robert Kavcic of the Bank of Montreal pointed out that housing completions have been at the highest…