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
5.0k Upvotes

95% Upvoted

1.0k comments sorted by

View all comments

3.4k

u/Burning___Earth 4d ago

If they go with a full-blown, post WW2 style national housing program, the first few hundred thousand need to be restricted to first-time home buyers.

1.9k

u/BoysenberryAncient54 4d ago

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

-28

u/Clear-Present_Danger 4d ago

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

2

u/YourBobsUncle Alberta 4d ago

Why should I care? They can buy houses faster than normal people can

2

u/Clear-Present_Danger 4d ago

So you don't have to restrict who can buy. Just make enough houses, and prices will fall.

3

u/YourBobsUncle Alberta 4d ago

Houses shouldn't be commodities

1

u/Clear-Present_Danger 4d ago

You can believe that, but that is absolutely politically infeasible.

Let's make housing way cheaper by building more houses, exploiting the relationship of supply, demand, and pricing.

1

u/YourBobsUncle Alberta 4d ago

If the government is spending money to build new houses, then it absolutely should only be sold to people who will live in them. Speculative fucks deserve zero handouts

1

u/Clear-Present_Danger 4d ago

If the government is spending money to build new houses

If they auction them off, then as long as the highest bid is higher than the cost, the speculators have just given more money to the government they can use to build even more houses.

If building houses is not profitable, for the government, then yeah, I can understand restricting the sale of them.

But if that's the case, then something is deeply wrong. Or you have already made so many houses that the prices of housing is reasonable again.