Canada is facing housing crisis, with affordability concerns and a severe shortage of homes. “We have a huge problem with affordability and we simply do not have enough homes,” Mark Carney said. As a Canadian politician and economist, Mark plans to incentivize prefabricated and modular housing, a solution that reduces costs and speeds up construction. Besides, The Honourable Nathaniel Erskine-Smith, Minister of Housing, Infrastructure, and Communities, highlights the need for innovation, emphasizing that modular investments will help build affordable homes faster and more efficiently.
In response to Canada’s housing shortage, notable initiatives are underway. Quebec’s Prefabricated Housing Initiative, backed by $992M CAD from both the federal and provincial governments under the Housing Accelerator Fund (HAF), aims to deliver 500 prefabricated multi-unit homes by 2026, contributing to 8,000 new social and affordable housing units. In Atlantic Canada, large-scale modular projects are advancing to expedite home construction through off-site building methods. Additionally, Hamilton Health Sciences is planning a $2-billion Juravinski Hospital redevelopment, which may integrate modular techniques to improve efficiency and timelines. These initiatives reflect a growing shift toward modular solutions to meet urgent housing and infrastructure demands.
Assembly Corp, a Canadian homebuilder specializing in modular construction, has recently purchased an entire prefab housing factory from a Swedish firm, the Lindbäcks Group and is relocating it to Ontario in 31 shipping containers to fast-track operations. Supported by a $4 million investment from FedDev Ontario, this move aims to boost Assembly Corp.’s manufacturing capacity for sustainable housing solutions. Meanwhile, Bonneville Homes is collaborating with Quebec-based non-profit UTILE on a 155-unit student housing project for the University of Quebec at Rimouski.
With an estimated 3.6 million new homes needed by 2035, averaging 300,000 units annually modular construction and prefabrication stand out as the most effective and efficient solutions to tackle Canada’s housing crisis. The 5th Annual Modular Construction & Prefabrication Symposium by Trueventus will bring together industry leaders, policymakers, and experts to explore strategies, share insights, and drive innovation in scaling modular solutions across the country.