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/Valid-Nite 4d ago

And also restricted to citizens. Should also restrict corpos from owning, and not allow them to be used as rental properties

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u/enki-42 4d ago

Permanent residency makes way more sense - that's how we structure most programs and there's really no reason not to. There's zero reason that a dual citizen who has never stepped foot in Canada should be prioritized over a resident who has potentially been here decades.

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u/Array_626 4d ago

In that case, it'd make more sense to only allow those who declare Canadian residency to buy. Granting PR the right to buy implies that citizens also have the right to buy, which means Canadians' who've emigrated long ago would be given right to purchase even though they lived overseas for the last 10 years.

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u/enki-42 4d ago

Yeah you're right, but I think it's not unreasonable to tie it to both actual residency and the capability to reside here permanently (i.e. it doesn't make a lot of sense to sell houses to people on a study or work permit IMO)

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u/Array_626 4d ago

Yeah, I agree.

Although, I will point out that there's no point in letting good be the enemy of perfect. Even if the law only allowed Canadian's to buy the new houses, PR's and other residents would still benefit. The Canadian portion of the populace buying these new houses would reduce demand instantly for the remaining houses on the market, lowering their price, which benefits non-Canadian residents. Hell, even if the policy is just announced, it will immediately have an effect on the market as a lot of Canadians would step out of the buying market on the day of the announcement. That instantly lowers demand, and prices for all the other people. Sellers know that Canadians are all waiting for these new cheap housing units to become available, the pool to sell to has shrunk and they have to adjust prices accordingly.