Canada Job Market in 2024: Key Trends, Opportunities & Salaries (2024)

Highlights: Canada Job Market Trends

·The job market in Canada provides a plethora of job opportunities for Canadian immigrants and newcomers.

·Recent data reported that the healthcare sector accounts for the most number of job vacancies in Canada.

·The construction sector also reported a massive number of job vacancies demanding skilled foreign workers as of March 2024.

·Ontario has the most job vacancies, followed closely by British Columbia, Alberta, Quebec, and Manitoba.

Canada Job Market 2024-2025

According to the immigration level plan for 2024-2025, Canada is inviting 1.5 million PRs by 2026. The country is planning to welcome around 485,000 immigrants in 2024 and another 500,000 immigrants in 2025 and 2026. The country offers ample job opportunities to immigrants, and currently, it has around 1 million job vacancies across different industrial sectors.

Statistics Canada reported an unemployment rate in Canada of 6.1% as of March 2024. There is a high demand for healthcare professionals, including doctors, nurses, and pharmacists. Industrial sectors like technology, construction, and skilled trade are on the rise in Canada. Hybrid and remote job positions have shown a greater demand among employees, valuing increased flexibility post pandemic.

Reports by the Labour Force Survey in January 2024 showed an increase of 37,000 jobs in Canada in January 2024. The rate of employment increased in Ontario, Manitoba, Newfoundland, Labrador, and Nova Scotia. Ontario boasts of being the most preferred choice among immigrants regarding job positions. Canada, offering work-life balance and higher pay scales, has become one of the most desirable destinations to relocate to for work.

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Top cities in Canada

Canada's relatively high employment rate makes the Canadian cities a hub for wealthy job opportunities in the country. Factors like location, occupational history, general educational qualifications of the population, and access to capital and labor market play a significant role in determining the cities with the most job opportunities.

The top 10 cities in Canada with the highest job opportunities are listed below:

Montreal

The city of Montreal in Quebec offers numerous job opportunities especially in the field of technology. Being the largest city in Quebec, the city is often chosen as the headquarters of several tech companies. The city also offers opportunities in music, film and design industry.

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Toronto

The capital city of Ontario, Toronto often boasts to be the economic powerhouse of Canada. The city offers a plethora of opportunities across sectors like healthcare, technology, finance and education. The diverse economy of the city makes it a top choice for employees seeking high-paying jobs.

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Calgary

A thriving city in the province of Alberta, Calgary is often known as the Canadian energy capital. The city offers a strong job market, specifically in the oil and gas industry. There are abundant opportunities for job roles like geologists and engineers specialized in telecommunication and software development.

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Winnipeg

With a friendly community and an affordable city to live in, the capital city of Manitoba welcomes employees associated in healthcare, finance and manufacturing sectors. The city also holds opportunities for job roles in visual and performing arts, which makes the city a suitable choice for job seekers in Canada.

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Saskatoon

Located in the heart of the Saskatchewan Prairies, Saskatoon has recently reported positive growth in innovation and the research industry. The city offers research opportunities in environmental sciences and biotechnology.

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Ottawa

The capital city of Canada, Ottawa, offers opportunities across various sectors. There are numerous job vacancies for people associated with telecommunications, software development, and education and healthcare sectors.

Edmonton

Alberta's capital city, Edmonton, offers a wide range of job opportunities in sectors like healthcare and technology. There is a huge demand for doctors, nurses, and healthcare professionals, as well as people interested in the arts and culture.

Kelowna

A beautiful city in British Columbia, Kelowna offers a unique blend of job opportunities in the agriculture, tourism, and technology sectors. The city offers stunning sceneries and a high quality of life, thus making it a perfect destination for people seeking a balanced lifestyle.

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Halifax

Capital of Nova Scotia and a hub for start-ups, Halifax is well-known for jobs in the healthcare sector. There are ample opportunities for healthcare professionals, including doctors and nurses. The city is often a top choice for many tech companies to set up their base.

Victoria

A picturesque city in the midst of Vancouver Island, Victoria has numerous job opportunities across various sectors. The city is thriving in industries like tourism, technology, and Government administration, promising professionals a high quality of living.

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Job Market Trends in Canada

Below are the top 5 job market trends that have been noticed in 2024:

1. Positive growth in wages

Wage growth has been consistently high in Canada, reporting an increase rate of 4.3% year-over-year pace. One of the main factors that have kept the wage growth high is the desire to attract and retain skilled migrants in the highly competitive global job market.

2. The healthcare sector is in demand of skilled migrants

Among all other sector sectors reporting high job vacancies in Canada, the healthcare sector ranks at the top. The Canadian government is trying to attract more foreign healthcare workers to meet the huge number of job vacancies in the country.

3. Employers face tough competition attracting jobseekers

With numerous exciting opportunities and benefits offered by some companies, jobseekers have a wide range of options to choose from. Thus, employers must work hard to remain relevant in Canada's highly competitive job market.

4. Hybrid and remote roles attract more candidates

Jobseekers are often on the lookout for hybrid and remote job roles, valuing increased flexibility after the pandemic. Hybrid job roles are widely available in Canada while very few organizations are offering fully remote job roles.

5. AI jobs on the rise

Recent reports reveal that generative AI has made a huge impact in the Canadian job market. Demand for AI-related job roles has shown record volumes in the past year and it is expected to grow even further in the upcoming years.

Also read…

AI jobs among data scientists are increasing in demand in Canada

Skills in demand in Canada

The Canadian job market is on the lookout for skilled immigrants to fill up job vacancies across various sectors. The skills in demand vary depending on the industry, location and the current job market. However, there has been a consistent demand for certain skills across all industries.

Some of them are listed below:

Technology skills

Following the rapid digitization of the economy, all industries have a high demand for technology skills. The most demanding technology skills are listed below:

·Software development

·Data analysis

·Cybersecurity

·Cloud computing

· Virtual and Augmented Reality

· Delivery Lead

· Project Management

Healthcare Skills

The healthcare sector has the highest number of job vacancies which demands skilled workforce. Healthcare professionals, including doctors, nurses, physicians, and pharmacists, are required to possess the following skills:

·Medical research

·Nursing practices

·Medication administration

·Health Administration

·Health informatics

Trades Skills

Recent data reports a high number of vacancies for skilled tradespeople including plumbers, electricians, carpenters, welders. The following skills are expected in the tradespeople:

·Heavy equipment handling

·Construction management

·Carpentry

·Pipefitting

· Cooking

Sales and marketing skills

There are numerous opportunities for people associated with sales and marketing sector in Canada. The skills in demand for the sales and marketing field are:

·Digital Marketing

·Social media management

·Customer Relationship Management

·Market research

·Business Development

·Advertising

·Communication

Language Skills

Canada Being a bilingual country, proficiency in English and French language is one of the valued skills. Professionals who are fluent in English and French are highly demanded in fields like tourism, administration and education in Canada.

In-demand jobs in Canada

Canada has been the most preferred choice for job seekers around the world, offering wide range of opportunities for various job roles. The top 10 in-demand job profiles in Canada include:

·Engineers

·IT Professionals

· Marketing and Sales analysts

·Human Resource Managers

·Healthcare Professionals

·Nurses

·Teachers

·Accountants

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Average salaries in Canada

The table below lists the highest-paying job roles and the average salaries per year:

Benefits of working in Canada

Here are the key employee benefits of working in Canada:

·Medical benefits under the National Healthcare System

·Employment Insurance

·Survivor Insurance

·Workers’ Compensation Insurance

· Canada Pension Plan

·Life coverage and long-term disability benefits

· Paid time off

·Pathway to Canadian Citizenship (upon eligibility )

Key strategies to the navigate through the Canadian Job Market

Navigating through the job market in Canada is easier with the right set of strategies.

Here are five tips that will help you steer your way through the Canadian job market:

· Understand the recent job trends in Canada

·Modify your resume according to the skills you hone

·Connect with professionals in your domain

· Try for LMIA Work Permit opportunities

· Consider taking English or French Language classes

How can Y-Axis help you to find a job in Canada?

As a leading visa and immigration consultancy in India, Y-Axis has been providing unbiased, personalized immigration guidance for more than 25 years. Our team of immigration expert will provide you end-to-end support to help you get a job in Canada and Canada immigration thereafter. We are here to help you with:

·Free eligibility check with the Y-Axis Canada CRS Score calculator

·Personalized assistance for Canada PR visa