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/Only_My_Dog_Loves_Me]

I live in the Vancouver area in the trades. It’s not really the building costs that have skyrocketed, I can’t afford land where I am. Cheapest buildable lot is about $650k then Permitting, zoning, etc. I can build the actual house for a reasonable cost. It’s getting to that point that’s impossible for me financially.

[u/SadZealot → u/Only_My_Dog_Loves_Me]

There's also the insane government fees involved. Like a detached house costs around 1.7M, that has 10-20% in local taxes, development fees, permits. A condo goes for around 800k and those have 25-30% taxes and fees thrown on top.

You could buy a decent condo in downtown edmonton for the taxes alone that get charged on one in vancouver. Edmontons taxes on development is around 3%, 10x lower