Calgary Apartment Project Demonstrates Modular-housing’s Benefits: CBRE
AI Article Summary
A modular apartment project in Calgary highlights the benefits of modular construction in addressing Canada's housing shortage, according to CBRE. The project utilized 56 factory-built components, significantly reducing construction time to about three months. CBRE emphasizes that innovative financing, such as those arranged through CMHC, can overcome traditional lender hesitations and propel modular construction forward. The Calgary project serves as a template for using modular techniques in broader real estate applications.
What This Means for Canadian Contractors
This project shows how modular construction can drastically cut timeline and costs in residential projects, offering a viable solution to Canada's housing crisis. For Canadian builders, this means exploring modular techniques can allow for quicker permits, improved project financing, and a more efficient supply chain, minimizing delays and reducing labor demands. Integrating modular methods can lead to innovative construction and real estate opportunities beyond traditional housing projects.
