Mortgages and Finance

In Canada’s housing crisis, are modular homes a cheaper and faster solution?

Article Summary

A new three-storey building in Toronto, constructed in just 21 working days, provides homes for over two dozen homeless individuals. The building was a collaboration between St. Clare’s, a non-profit developer, and Assembly Corp., a company that builds mass timber modular housing. The project is a small yet significant step towards addressing the homelessness crisis in the province, as mental health and addictions issues continue to compound the problem. Modular homes could play a significant role in addressing the shortage of affordable and supportive housing.

What This Means for You

  • Increased availability of prefabricated, affordable housing options
  • Faster construction timelines and cost-effective housing solutions
  • Government investments in factory-built homes to stimulate the market
  • Modular homes as an important part of Toronto’s affordable housing plan and potential for wider adoption

Original Post

By Sharif Hassan

The rest of the article’s content remains unchanged.

Key Terms

  • Affordable housing
  • Modular housing
  • Factory-built homes
  • Housing crisis
  • Supportive housing



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