That’s interesting- this is the third time I’ve heard this about Ontario in less than a week. Do you have any idea what’s driving this? Another person in the same boat believes that a lot of people are fixing up homes to sell while the market is hot. Another person believes that it’s a supply problem - trades people left Ontario for Alberta, lost their jobs there and can’t afford to move back.
In my experience, having been a homeowner in Alberta first, then Ontario second - it's similar to software development...
Most tradespeople prefer to work on new builds, large amounts of stable work, without the hastle of renovating existing structures and all of the hidden issues that are quickly exposed once the surface has been taken away. (So... technical debt...)
As a contract IT consultant - sure, sometimes I take small "side-hustle" contracts if I am not swamped by my primary gig - but, I couldn't pay all mortgage if I was reliant on just taking small/odd jobs. Same goes for tradespeople.
Ontario and BC have extremely hot housing markets and the demand is off the charts - a lot of tilers and plumbers in BC get sucked into reno contracting companies and simply have enough work to keep them busy for years. I don't think there was an exodus to Alberta - tradesfolk bring in serious cash in Canada so they can definitely afford to live in hot areas... I'd be more curious if it was actually early retirement that was driving things with tradesfolk building up enough of a nest egg that they can afford to retire early.
Not if you need to buy a car, relocate, or find some child care, for example. There are important upfront costs when your situation changes, and if you’re unemployed (i.e. with not necessarily that much money available) they can be a significant hurdle.
