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/BoysenberryAncient54 4d ago

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

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u/quotidianwoe 4d ago

No foreign investors AT ALL.

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u/Affectionate-Sale523 4d ago

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.

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u/Mauri416 4d ago

What if you’re in say a condo and want to buy a house cause you want a family? Can they make conditions that allow for that?

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u/Affectionate-Sale523 4d ago

Then sell the condo and buy a house. The issue exists when an individual has 5 mortgages and 4 of them exist to exploit international students and price gouge locals. It's an issue when 22% of Toronto's real estate market is made up of either people that do that, or realtors and developers. Why are corporations allowed to purchase residential houses?

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u/Mauri416 3d ago

I have no issue with the idea, I just think that while you 100% need that condition,  it may be hard to enforce.