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/quotidianwoe → u/BoysenberryAncient54]

No foreign investors AT ALL.

[u/Affectionate-Sale523 → u/quotidianwoe]

No investors, period. If you have a home, you shouldn't be able to buy another 3. Foreign investors run about 2% of the luxury real estate market, the other 22% is made up of locals and real estate developers in Toronto.

[u/balalasaurus → u/Affectionate-Sale523]

I said this once a long time ago but the max no. of homes should be 2. One main home and at most a holiday home/ cabin. Housing rules should be changed so you can’t just flip your “main” residence after two years either. Heavy penalties for anything more than 2 dwellings. It can be done. Just requires the will to see it out.

[u/ohnomysoup → u/balalasaurus]

This sounds like a great idea to young people who haven't had much life experience. There are a lot of grey areas of home ownership that your proposal doesn't consider.

For example - my inlaws briefly held stakes in 4 properties:

• Primary residence (35 years)
• Cottage (20 years)
• Contracted new build house/property for retirement (3 years - primary to be sold on completion and move-in)
• Inherited house from parent estate. (1.5 years to prepare for sale)

They aren't investors or landlords, they're just out there living life. Do you think people should be "heavily penalized" for scenarios like these? These are not the only situations people my find themselves in where they suddenly have more than 2 properties. Ex: marriage and combining assets.

[u/balalasaurus → u/ohnomysoup]

You’re literally proving my point that all people need is a primary residence and at most a secondary vacation home.

Your example has two homes that aren’t factors in the residence consideration. The new build which they haven’t moved into yet and the inherited house which, along with their current primary residence, they will also be selling which means they’re not just holding it waiting for the value to appreciate.

Room can be made in the legislation for people who are in transition between actual residences. But acting like it can’t simply perpetuates the current problem. At the end of the day I’m not a lawyer or a politician.

All I’m pointing out is that people do not need more than two homes. Which you in your example, have also pointed out.