Prefabricated home panels alleviate supply chain, labour and cost concerns for rapid housing deployment
According to a 2023 Desjardins report, Canada needs to increase its housing starts by 50 per cent immediately to keep up with surging immigration levels. Last year, Canada welcomed 437,180 new permanent residents and plans to introduce almost half a million permanent residents each year between 2023 and 2025.
Modular buildings are already popular in cities such as Vancouver and Toronto, where they’re being tested as a solution to homelessness. Amid the looming threat of a federal housing crisis, how will modular homes fare on a national scale? Some companies, including Vancouver-based Nexii, have also created modular panels that are non-toxic, energy-efficient, fire, pest and water-resistant, which may reap cost savings down the line.
Nexii recently completed its 30th building, and is working on 23 projects on the New York State Thruway. But Mr. Robertson says scaling the firm’s housing arm has been a challenge. While Nexii raised $200-million in its early years, worsening economic conditions have made it tough to find new investors. Nexii chief executive officer Stephen Sidwell said in a 2022 CNBC interview that the company turns away 99 per cent of its leads because of a lack of supply.
For NRB Modular Solutions, the biggest barrier to adoption is interest and acceptance of offsite construction by architects and general contractors. Still, Mr. Berube says, interest is growing, in part because of more political attention at all levels of government.
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