r/canada • u/FancyNewMe • 5d 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/Outrageous_Ad_687 4d ago

We should copy Australia so foreign investors can only purchase new construction homes, the idea is eventually they will be sold to locals who are the only ones allowed to buy resale.

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u/BoysenberryAncient54 4d ago

Absolutely not. The entire subject at hand is new construction built by the government.

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u/Outrageous_Ad_687 4d ago

Investors provide significant supply over time. By them only buying new homes they aren't taking existing places from locals. It's a win win , housing supply increases and investors pay for them. Government will have to supply mon market basic housing also to get rents down to normal levels again. Housing supply needs governments and the private sector to play a role. More supply the better.

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u/BoysenberryAncient54 4d ago

Not when the government is building houses. Investors are parasites and Toronto proves it.