The National Post reports in its Thursday edition that after Liberal leader Mark Carney announced that Canada's future lies in "prefabricated and modular housing," on-line critics noted his former employer just happens to be a major player in the modular housing industry. The Post's Tristin Hopper writes that this week, Mr. Carney provided more details of his plan to start a new government agency, Build Canada Homes, tasked with constructing 500,000 homes every year. As Mr. Carney told reporters on Tuesday, most of those homes would be prefabricated. "Prefabricated and modular housing will catalyze a productivity boom," he said. Until he quit just four months ago to run for the Liberal leadership, Mr. Carney was chair of Brookfield Asset Management, one of the world's largest investment firms. In 2021, the company spent $5-billion to acquire Modulaire Group, a major manufacturer of modular buildings. The company currently operates in Europe, Australia and New Zealand. Modulaire's website says it is a specialist in the realm of "rapid urbanization." Brookfield's investments are so vast and its interests so wide-ranging that with many Liberal announcements, the company could potentially be indirect beneficiaries.
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