Canada’s Modular Builds Could Close Gap

Canada needs >480K new units annually through 2035, while current projections point to ~223K yearly starts by 2027, highlighting a major opportunity for faster building.
Factory-based construction can shorten project timelines by ~20% to ~50%, improve thermal efficiency, reduce site labour needs, and make costs more predictable.
Cost savings of ~20% to ~40% depend on volume and standardization, conditions that have not yet developed at meaningful Canadian scale today.
Policy alignment is starting: current federal code updates aim to support factory-built housing and faster reviews for innovative construction products across Canada.
Financing changes could help too, including advances tied to verified factory milestones instead of only traditional on-site construction checkpoints for modular projects.