If you reside in Canada or hope to do so in the future, I’m sure you definitely have your eye on the world’s fast-paced job market. As much as the world has changed over a decade and will continue to do so in 2022, Let’s take a look at some of Canada’s fastest-growing sectors to see what you need to do in order to secure a successful career in Canada

But before we dive right in, do you want to know why it is important to work in a fast-growing industry? 

Important reasons to work in a fast-growing industry

  • With the most difficult year for us since 2020, the fast-growing industries are now expanding, which means more petroleum industry and construction industry jobs and possibly more job stability are on the way.
  • The potential for progress is limitless. This keeps pushing creativity to new heights.
  • Fast-growing industries are known for being innovative, trying out new ideas and upsetting old structures. This may make your job a little more fascinating than it already is.
  • You gain a lot of experience. Not to mention that more flexibility between roles might inspire new ideas and advances that lead to success and personal growth.

What are the most lucrative industrial sector jobs in Canada? 

Wheat Farming in Canada 

The business is extremely globalized, and as a result, it is heavily reliant on trade, which has improved after the abolition of the Canadian Wheat Board in 2012, which restricted farmers’ marketing independence. Although Canadian farms were able to weather some price drops early in the decade by increasing export volumes, the world price of wheat collapsed in 2016 as global supply soared, causing the industry to suffer. Higher prices and demand for Canadian wheat have fueled revenue growth since 2017, and this trend is likely to continue.

Keeping that in mind, the wheat farming industry will have made over $1.6billion of total profit in 2022.

Real Estate

People buying, renting, and upgrading houses, condos, and office space is another implication of a thriving economy. Construction, maintenance, and renovation of structures and engineering works, as well as land subdividing and development, are the main activities of companies in this industry. Real estate agents assist customers in buying and selling homes, managing rental or investment properties, and acting as brokers between buyers and sellers.

According to figures, 85 percent of real estate agents made money in 2016, bringing in an average of $181,000 in earnings. In 2016, about 82 percent of construction companies produced roughly $427,000 in sales.

If you have previous real estate experience in your native country, the construction or real estate sector in Canada could be your passport to a profitable market. This type of firm, however, would require licenses and permits.

Precious metal mining

The Canadian precious metal mining industry is expected to grow by 6.4 percent between 2015 and 2022. This expansion is expected to continue, with gold mining and sales playing a significant role.

Gold’s value has risen recently, and it has been a good investment for those looking for a commodity that is generally stable, unlike shares, stocks, and savings accounts.

Compared to the amount of gold produced a decade ago, the Canadian gold mining industry now generates over 180 tonnes of gold each year, an astounding 88 percent growth.

Breweries in Canada

Despite global economic uncertainty caused by the COVID-19, the brewery’s business in Canada has grown. 2022. During this time, the industry has grown, owing to the rising popularity of craft beer produced by local microbreweries. While this has resulted in income and business growth for a number of new small-scale breweries, consumers have switched away from the conventional light and premium beer brands that now account for the majority of sales. During the pandemic, an increase in beer consumption at home helped the industry avoid a significant drop in income.

However, In Canada, a brewer’s average annual compensation is $39,520, or $20.27 per hour. Entry-level jobs pay $32,282 per year. 

Also with a total profit of $1.5billion in 2022, the brewing industry is doing wonders. 

Hotel and Food Services

This industry includes businesses that specialize in providing short-term lodging and related services to travellers, vacationers, and others in places like hotels, motor hotels, resorts, motels, casino hotels, housekeeping cottages and cabins, recreational vehicle parks, hunting and fishing camps, and various types of adventure camps.

This industry also includes businesses that specialize in providing meals, snacks, and beverages to order for immediate consumption both on and off the premises.

According to the Canadian government, nearly 70% of those that did well in 2016 earned an average of $618,000 per year, the greatest amount of any of the industries examined. The message is that this sector demands a great deal of attention and hard work, but if you have that, the sky is the limit for you. 

Plastic product manufacturing in Canada

Plastics have a wide range of applications, which has served to stabilize demand for items produced by Canada’s Other Plastic Product Manufacturing industry in recent years. Over the five years through 2022, IBISWorld forecasts an annualized 1.7 percent increase in industry revenue to $19.1 billion. Throughout much of the last five years, the industry has benefited for reasons, including sustained growth in demand from domestic automobile and associated components makers. Construction industries, which require industry products such as plastic doors, windows, and plumbing fixtures, are another key source of demand. 

However this industry has done a total profit of $8Billion that too just in 2022. 

Waste Management

The accumulation of waste is an inescapable by-product of a rising economy. This industry includes private solid waste management companies that supply homeowners and businesses with curbside collection, recycling, and other waste management solutions. Domestic garbage created by households and industrial waste produced by commercial clients drive demand for industry services. Waste will never go away, therefore environmentally conscious entrepreneurs can help the environment while also profiting handsomely.

86 percent of waste management small and medium-sized businesses were successful in 2017, with average annual revenues of $336,800. However the waste management industry will make a profit of $4billion in 2022.