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ARTICLE · 24 APRIL 2024

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New Funding For Proptech In Canada's 2024 Budget

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Canada's federal government is turning to property technology (Proptech) to help solve the country's housing crisis. In the just-released 2024 Budget...

CanadaReal Estate and Construction
Natalia E. Iamundo
Natalia E. Iamundo
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Canada's federal government is turning to property technology (Proptech) to help solve the country's housing crisis. In the just-released 2024 Budget, new funding was announced to spur the development of new housing technologies and additional steps are on the way.

The government says that housing innovation means investing in ideas and technology like prefabricated housing factories, mass timber production, panelization, 3D printing and pre-approved housing design catalogues.

We are encouraged to see that proptech is featuring so predominantly in the federal government's new home construction initiatives as an integral part of the solution to the housing affordability issue that is plaguing Canadians.

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