Demand for multi-family housing has already surged in the Canadian real estate market, majorly due to a surge of population growth. Prime Minister, Justin Trudeau, announced a $600 million package to make it easier and cheaper to build more homes faster via the 2024 budget. To close the housing gap, Canada would need to build 3.1 million homes by 2030. Statistic shows the populations in Canada has grown to 39,140,231 as of August 5th 2024, and is expected to reach 40.87million by the end of Q4 2024. According to a recent article by Grist, in July 2024, Deputy Prime Minister and Minister of Finance Chrystia Freeland, highlighted the government's historic plan to build nearly 4 million new homes in Canada. For 2024, Canada Mortgage and Housing Corporation (CMCH) stated that, Edmonton reflects a broader trend for new home construction in Canada where builders are more focused than ever on multi-family development.

CMHC’s high-end forecast for 2024 calls for a potential 29% rise in the new home construction rate, where nearly 60% would be multi-family house development. The City of Toronto is taking concrete action to accelerate modular and rapid-build construction of housing. “When I talk about making it faster to build homes, modular housing is a big part of it,” Prime Minister Justin Trudeau said in a July statement. The City of Toronto is committed to create 1,000 new modular homes in Toronto. The government views Modular as a part to Canada’s housing solution, prompting new measures in the Budget 2024. Launching a $50 million Homebuilding Technology and Innovation Fund that will boost the development and use of innovative housing technologies and materials, including modular and prefabricated homes. Allocation of $50 million to accelerate and upgrade home construction. This enhances the progress of numerous ongoing innovative projects nationwide, such as modular housing, mass timber, robotics, 3D printing, and automation. Introduction of a revamped Housing Design Catalogue with a $11.6 million budget, that will support frames for modular homes, row houses, and fourplexes.

As Canada's real estate market grapples with unprecedented demand for multi-family housing, the 2nd Annual Modular for Multi-family Housing Symposium by Trueventus offers a premier opportunity to gain experience and insights from top industry experts on the latest multi-family housing trends and demands. Discover the innovative modular construction techniques that are revolutionizing the future of housing, and explore a spectrum of multi-family homes development options from duplexes to fourplexes, to high-rise living space and beyond. Engage with top professionals and decision-maker, and gain a deeper understanding of the market dynamics, forecasts, and opportunities in this evolving field. Join us to be at the forefront of solving housing challenges and unlock new opportunities for growth and profitability in the dynamic Canadian real estate market.