Erica Alini, reporting for the Globe and Mail, writes that Prime Minister Mark Carney has pledged billions of dollars in financing for makers of prefabricated homes to help end the country’s housing shortage.
Mr. Carney has promised to provide $25-billion in loans and $1-billion in equity financing for companies that largely build homes in factories rather than on construction sites. The federal government will also place bulk orders of prefabricated housing to help jump-start a nascent industry, according to the Liberals’ election platform.
“We will create an entirely new Canadian housing industry,” the Prime Minister said in his first press conference since the election win.
It’s a big, bold bet that could make it faster, cheaper and more environmentally friendly to build a chunk of the 3.5 million homes that official estimates show Canada needs to add by 2030 to restore housing affordability, industry insiders and academics say. (Alini et al., 2025)
Sean Silcoff, Technology Reporter and Rachelle Younglai, Real Estate Reporter, at the Globe and Mail, note that the technology is available to make prefab homes faster. And all levels of government are under pressure to create affordable housing, with many Canadians shut out of home ownership or struggling to pay rent.
“Now is the time to try this again,” said Peter Hass, general manager of the new venture, called Stelumar Advanced Manufacturing Inc., which expects to produce modular components for about 3,000 housing units a year once its factory opens. (Turley, 2025)
Max Fawcett, in an article in Canada’s National Observer, offers the opinion that Canada’s Conservatives still aren’t serious about housing. Jacob Mantle, the newly-elected thirty-something Conservative MP for York-Durham, rose in the House of Commons on Tuesday, June 10, to make a point about housing costs.
“My generation refuses to live in a shipping container,” Mantle said. (Fawcett, n.d.)
Fawcett comments:
For what it’s worth, I suspect many members of his generation (and mine) would be happy to live in the sort of modified shipping containers that are being designed and built right now, including the ones in his own city. But modular housing is so much more than just the use and conversion of shipping containers. It’s an entirely new approach to homebuilding, one that uses factories and their inherent economies of scale to drive down costs. They can be one or two-storey, single or multi-family, and configured in any number of layouts and sizes. In an environment where driving down construction costs is a nearly existential issue for Mantle’s generation, you’d think he would be more open to new ideas and economic innovation — especially when it promises to use more Canadian materials and labour. (Fawcett, n.d.)
George, Joel, Dave and everyone from the Prefab Homes Nova Scotia Team say:
You put the kettle on…
“Of course we handle the permits and site prep. Delivery, utility hook-ups, all the finishing’s too, that’s doing the job right - delivery in 90 days or less” (Prefab Homes Nova Scotia, n.d.)
https://www.prefabhomesnovascotia.ca/studioThe Prefabricated home, delivered and quickly made ready for occupancy, is being offered as a way to address our housing needs. Local companies are ready today to respond!
References
Alini, E., Raitt, L., Kelly, C., & McLister, R. (2025, May 5). Mark Carney's bet on prefabricated homes has promise – and big risks. The Globe and Mail. Retrieved June 12, 2025, from https://www.theglobeandmail.com/investing/personal-finance/article-mark-carneys-bet-on-prefabricated-homes-has-promise-and-big-risks/
Fawcett, M. (n.d.). Canada’s Conservatives still aren’t serious about housing. Canada's National Observer: Climate News. Retrieved June 12, 2025, from https://www.nationalobserver.com/2025/06/12/opinion/conservatives-still-arent-serious-about-housing?nih=KO9k2fpYhTw9rlRDCmdZHAfFIG6V6Bt1OhCLrUXRVbc&utm_source=National+Observer&utm_campaign=b9cfb40fce-EMAIL_CAMPAIGN_2025_06_12_01_31&utm_medium=email&utm_term=0_cacd0f141f-b9cfb40fce-276932429
Prefab Homes Nova Scotia. (n.d.). Fastest, Strongest, Most Money Saving Homes. Prefab Homes Nova Scotia. Retrieved June 12, 2025, from https://www.prefabhomesnovascotia.ca/?fbclid=IwY2xjawK3zi5leHRuA2FlbQIxMABicmlkETF4UDVJcTB1UTVWbURrZ3NuAR7vjtpGdmX-wwTABLuNsRrpqoM-CPLutZFfyxWA2TQ3LOPRu0PUpJjIPCQ3ug_aem_cMkxdeRY9KyWTLWnnN_HJg
Turley, J. (2025, June 10). Mattamy Homes founder Peter Gilgan to start prefab housing factory in Ontario. The Globe and Mail. Retrieved June 12, 2025, from https://www.theglobeandmail.com/business/article-mattamy-homes-peter-gilgan-prefab-housing-factory-ontario/
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