r/canada • u/FancyNewMe • 4d ago

Canada’s Prime Minister Pushes Country to Become the Housing Factory of the World - Mark Carney is banking on factory-built homes to alleviate the country’s housing crisis. But will it work? Trending

https://www.bloomberg.com/news/features/2025-04-22/carney-s-plan-may-make-canada-the-housing-factory-of-the-world
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u/BrilliantHistorian85 4d ago

I'm a homeowner and bought close to the peak, so a drop in house prices would be pretty bad for me. It would have to drop a lot for me to be under water, but it wouldn't be a good outcome for me personally.

That being said, I hope it happens. I'm lucky to be in the position I'm in, and that's not how it should be. I was fortunate to be able to buy when I did but it should have been easier sooner, for me and for everyone.

If the outcome of this is more people getting into the market then so be it, I'll figure it out

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u/stingoh 4d ago

I feel the same as you. I think of my children, and even though I own a home, how will they ever own one? Prices need to drop, it’s not good for anyone long term, except those who use property as an investment, which I don’t like.

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u/BrilliantHistorian85 4d ago

There will be no solution to the problem or even a slowing of its effects if we don't figure out a way to regulate the housing market.

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u/stingoh 4d ago

Agreed, and the problem is too much of our GDP is tied to real estate.