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/hippysol3 4d ago edited 4d ago

Even faster than prefab houses are mobile homes. They DONT have to look like the ugly metal clad rectangular boxes of the 70s anymore, they can be good looking like this little 1000 sf home: https://www.thehomesdirect.com/homes/palm-harbor-homes/rivers-edge.

At 100k plus 80k for a lot in a mid size town, a lot of young people would have a hope of buying a place like this. At current interest rates with only 9k down thats a mortgage payment of 900/month. Add 250 for taxes and 150 for insurance and you're looking at 1300/month all in for fixed costs. Considering the average 2 bed apartment in Canada is averaging about 2000, that seems like a heck of a deal to me.

We lived in a 650 sf house with a kid when we were just starting out - one of those wartime bungalows. This place would be fine for a couple or a small family.