05/07/2026
ποΈ Big Move by CMHC for Modular Housing in Canada π¨π¦
CMHC is making it easier for Canadians to finance prefabricated and modular homes through its new Prefab Plus Program.
β
Minimum 5% down payment
β
Up to 4-stage mortgage draws aligned with factory construction
β
Support for faster housing delivery
β
Modular construction now eligible across multi-unit insurance products
This is a major step toward solving Canadaβs housing supply challenge by supporting innovative construction methods that can reduce project timelines by up to 50%.
For developers, investors, and homebuyers, modular construction is quickly becoming a mainstream opportunity β combining speed, efficiency, and scalability.
https://www.cmhc-schl.gc.ca/media-newsroom/news-releases/2026/cmhc-expands-mortgage-insurance-support-prefab-modular-construction