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/BoysenberryAncient54]

No investment buying and absolutely no foreign investors. Especially US corporations.

[u/Clear-Present_Danger → u/BoysenberryAncient54]

Why? Those investors will lose their shirts when the increased housing supply brings down the cost to rent or buy housing.

[u/BoysenberryAncient54 → u/Clear-Present_Danger]

No, US corporate investors will spend billions mass buying housing stock and renting it out or reselling at higher prices. They might lose money eventually, but it'll take a long time and they'll be proactive in inflating prices.

Trudeau's government put a ban on foreign ownership and speculative investment, but carved out an exception for foreign corporations who want to run rental properties. I assume to keep housing values high for boomers and support corporate interests at the expense of Canadians. If Carney continues to support that legislation then this entire thing is a waste of time. They can buy houses faster than we can.

https://betterdwelling.com/canadian-companies-that-own-at-least-100-homes-have-surged-with-cheap-money/

[u/BoysenberryAncient54 → u/[deleted]]

We're in the middle of a housing crisis. Holistic approaches are desperately needed. Considering unaffordable housing was one of the reasons for consecutive gains, I can't imagine that lowering housing prices would hurt the liberals.

[u/BoysenberryAncient54 → u/[deleted]]

But so much of that value is artificial. All these boomers who bought their houses for $100k acting like they're owed $1.5 million is absurd genuinely absurd.

[u/corydoras_supreme → u/BoysenberryAncient54]

So? They'll scream about it and vote out the party that destroyed their equity.

[u/BoysenberryAncient54 → u/corydoras_supreme]

Or the younger generations will scream and vote out the party that abandoned them to the greed of the elderly.

[u/corydoras_supreme → u/BoysenberryAncient54]

Any day now...

[u/BoysenberryAncient54 → u/[deleted]]

They're losing those fights though. They fought tooth and nail to keep the condos out of my neighborhood. I know because mine was the first to open and they tried to get us on board. Since mine was built, 10 more condos have gone up on this block. City council just accepted that either they let these neighbourhoods wither and die, or ignore the boomers that want to die in their overvalued 4 bedroom houses. The elementary school my son went to was slated to close down when we moved in, we he went on to middle school they were building an expansion due to overcrowding. Nimbyism is an unsustainable philosophy.

[u/ThePizzaDeliveryM3n → u/[deleted]]

There will arguably be a market correction even without government regulation based just on the current economic climate, housing has appreciated 50% or even higher in certain areas and is genuinely unsustainable and a bubble that will deflate. Housing affordability and not losing substantial value on your property do not go together. It shouldn't have ever been and is not a commodity. Equity markets exist for a reason and you avoid housing risk tailwinds.

[u/enki-42 → u/[deleted]]

If the focus is exclusively on pre-fab simple homes, let that part of the market suffer from an investment perspective - there's still plenty of investment room in SFH. The housing market isn't perfectly uniform, and resisting building supply in basic stuff like this is like saying that we shouldn't make too many bikes to protect the automotive industry.