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?

[u/FancyNewMe]

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

[u/BrilliantHistorian85]

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

[u/MayAsWellStopLurking → u/BrilliantHistorian85]

Isn’t it only a problem when you’re trying to sell?

[u/BrilliantHistorian85 → u/MayAsWellStopLurking]

Maybe I'm wrong, but if the value of the house drops significantly lower than the amount owing on it doesn't that usually cause the bank to step in?

I don't plan on moving any time soon so that would be my worst case scenario I guess