It’s Time For Ontario To Get On The Offsite Construction Bandwagon
With 5.8 million new homes needed in Canada by 2031, and the homebuilding sector increasingly under the gun to produce more units, it is time to look towards offsite construction.
This building method – whereby most of a home is manufactured in a plant and trucked to a location – is certainly not the only solution to what ails the housing sector, but it could move the needle.
In Ontario, the recent fall economic statement indicated that the province is falling further behind the target of producing 1.5 million homes over 10 years by 2031 and is no longer expected to hit its target for this year.
The Ontario government indicated that it now only expects to hit 81,300 housing starts in 2024, well short of the 150,000 new homes per year that the province needs to achieve its goal.