Canada Manufactured Housing Market Report and Forecast 2024-2032

Canada Manufactured Housing Market Size

The Canada Manufactured Housing market is projected to grow at a CAGR of 4.2% between 2024 and 2032.

Canada Manufactured Housing Market Outlook

• The Canadian construction industry contributes about $151 billion annually, accounting for 7.4 per cent of Canada’s GDP.

• According to statistics Canada in 2023, residential building costs in 11 census metropolitan areas rose by 6%, while non-residential costs increased by 5.4%.

• According to Statistics Canada the housing market contributions to the GDP totaled approximately $267 billion in July 2023.

Canada Manufactured Housing Market Growth

The Canadian manufactured housing sector stands out for its capacity to meet deadlines and budgets. Homes are typically completed within six to eight weeks of commencement, driving sector expansion. These homes provide cost-effectiveness compared to conventional ones, attracting a diverse range of buyers. In regions lacking access to traditional resources and labor, manufactured housing has emerged as a viable option for advancement.

Key Trends and Development

Advances in manufacturing technologies, construction techniques, and sustainable building materials contribute to Canada's manufactured housing market's quality, durability, and energy efficiency.

May 2024

Canadian housing technology company CABN unveiled its 752 sq ft showhome in Eastern Ontario, part of a plan to consult with Augusta Township for a 67-unit off-grid, net-zero CABN Community.

April 2024

Canada government Launched a new $50 million Homebuilding Technology and Innovation Fund that sought to leverage an additional $150 million from the private sector and other orders of government to support the scale-up.

January 2023

ATCO Ltd. announced the acquisition of Triple M Modular Housing, a prominent North American manufacturer of factory-built, modular housing headquartered in Lethbridge, Alberta

May 2020

The B.C. government announced it will invest more than $6.6 billion over 10 years  in affordable housing, and modular construction serves to build quickly.

Increasing Demand: The increasing desire for manufactured homes in Canada is driven by various factors such as affordability, shifting demographics, and evolving lifestyle choices. Canadians are now favoring manufactured homes over traditional ones because they offer cost-effective housing solutions.

Rise of Modular Construction: modular construction involves the manufacturing and fabrication of standardized components of a structure in an off-site, controlled environment. Modular construction offers faster build times, reduced construction waste, and higher quality control.

Ageing Population and Downsizing: Within Canada's ageing demographic, there is a rising demand for manufactured homes among retirees and empty nesters seeking to scale down. Manufactured homes provide a low-maintenance lifestyle within communities designed specifically to cater to the requirements of older individuals.

Focus on sustainability: environmental issues encouraging both consumers and regulators to prioritize eco-friendly housing options. Manufacturers are responding by incorporating sustainable materials and renewable energy sources into their designs.

Canada Manufactured Housing Market Trends

The manufactured housing market is booming in Canada because manufactured homes offer flexibility in design and customization, allowing buyers to choose layouts, features and finishes that suit their needs and preferences.

Manufacturers' homes are constructed in a controlled factory environment, leading to faster build times compared to traditional construction methods. In the commercial sector, these homes are used for temporary or low-cost housing solutions for workers or businesses.

Canada Manufactured Housing Industry Segmentation

Canada Manufactured Housing Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Number of Section

• Single Section

• Double Section

• Multi-Section

Market Breakup by Location

• Private property

• MH Communities

Market Breakup by Application

• Residential

• Non-Residential

Market Breakup by Region

• British Columbia

• Alberta

• The prairies

• Central Canada

• Atlantic Canada

Canada Manufactured Market Share

The single-section category is driving Canada manufactured housing market growth by offering a range of sizes and layouts tailored to meet the diverse preferences and requirements of homeowners.

Manufactured homes which are built in single units are popular options for single individual and small families because they are generally smaller and more reasonably priced.

Double-sections in manufactured housing consist of two separate units assembled on-site, offering larger spaces and additional amenities compared to single-section homes.

Canada manufactured housing market share is led by private property since it is customizable and an affordable housing solution.

Manufactured homes can be placed on private property, providing homeowners with the flexibility to choose their desired location and customize their living space according to their preferences.

Manufactured homes are often more affordable than traditional stick-built homes, making them an attractive option for individuals or families who are looking to own property without breaking the bank.

Residential boosts the Canada manufactured housing market as they usually present lower expenses in contrast to conventional site-built residences, thus broadening accessibility to a more diverse pool of potential buyers.

Residential manufactured homes offer a wide range of sizes, layouts, and amenities to meet various housing needs, from single individuals to large families. While prefabricated, contemporary manufactured homes still provide a spectrum of customization choices, enabling purchasers to tailor their residences to meet their individual needs and preferences.

Non-residential manufactured housing pertains to its utilization for functions beyond serving as a primary dwelling, encompassing purposes such as office spaces, retail establishments, educational institutions, or temporary accommodations for laborers.

Leading Manufacturers in Canada Manufactured Housing Market

The Canada manufactured housing market competitiveness has increased due to increasing demand and the rise of modular construction.

Alta Fab: it was founded in 1973 and is considered an expert in permanent and temporary offsite construction solutions, with precise attention to detail and high-quality, innovative modular structures for residential, industrial, and commercial markets.

Atco Ltd: it was founded in 1947 in Alberta, Canada. it is a publicly traded Canadian engineering logistics and energy holding company including electric utilities, natural gas production companies and construction companies.

Dexters Group Inc.: it was founded in 2006 in Canada, it is a company, which is engaged in delivering a range of support services for the creation, management, and operation of infrastructure across Canada.

Linwood Homes: it was founded in 1968 and specializes in luxury, custom-built homes, and recreational cottages. It is originally based in British Columbia, Canada, however, the company has established offices across North America.

Other Canada manufactured housing market key players are Jandel Homes, Smart Modular Canada, Guild crest Homes, Nelson Lumber Company Ltd, Guild crest Homes, Nelson Lumber Company Ltd, Quality Engineered Homes Ltd, and Ironwood Manufactured Homes Inc., among others.

Canada Manufactured Housing Market Analysis by Region:

Demand for modular homes is booming in British Columbia. There is a sizable, prefabricated home industry in British Columbia catering to the rising need for more inexpensive housing alternatives.

The desire for manufactured homes as an economical alternative has increased due to the high cost of traditional housing in British Columbia.

Close to 51,500 new homes were registered in 2022, making the second-highest record after 2021 while registeration for manufacturing homes reached 14,546 units in 2022, indicating a 10.8% increase from 2021.

Key Highlights of the Report