Modcity Builds Momentum in Toronto’s Fourplex Market
AI Article Summary
Modcity is leading the fourplex development market in Toronto with 27 active infill projects, each designed with a garden or laneway suite as a fifth unit. The company was founded in 2022 and leverages a streamlined, design-build approach, drastically reducing the typical development cycle. Modcity focuses on delivering family-sized rental housing, aiming to scale up to 100 projects by 2030. They have also engaged in public advocacy to promote and streamline low-rise rental build processes.
What This Means for Canadian Contractors
For Canadian builders, this means a shift towards more efficient and faster cycle times in residential construction, potentially reducing overall project costs and increasing market competitiveness. The adoption of standardized design-build systems could help in managing supply chain issues and labor shortages by requiring less customized skilled labor. Furthermore, by engaging in advocacy, Modcity exemplifies how builders can collaborate closely with policy makers to achieve regulatory ease and expansion in low-rise rental projects.
