Canada’s annual Salary Projection Survey predicts a 3.45% increase in average base salaries for non-unionized workers in 2025, surpassing the current inflation rate of 2%.
The report, based on data from over 355 Canadian organizations, highlights the persistent demand for skilled talent driving the growth, despite easing inflationary pressures on employers. The highest projected increases for 2025 are expected in the same industries that led salary growth in 2024: 4.13% in construction, 3.92% in real estate, and 3.9% in business services. The lowest salary increase is expected in public administration, supplanting information technology at the bottom.
Regional variations in provincial salary projections are also noted, with a 3.6% increase expected in British Columbia, 3.54% in Alberta, and 3.5% in New Brunswick. Nova Scotia consistently shows the lowest projected increases at 2.94% for both 2024 and 2025. Quebec, which had strong salary growth of 3.85% in 2024, is expecting growth to slow to 3.41 per cent in 2025.
Source: Financial Post
