Welcome to the Housing Factory: Canada’s Role in the Global Real Estate Racket

Canada isn’t solving the housing crisis—it’s packaging it, branding it, and selling it to the highest bidder. Behind the prefab homes and polished press releases lies a brutal truth: this is a project to turn shelter into speculation and land into leverage. It’s not housing—it’s hustling.

Bloomberg reports that Mark Carney—the financial technocrat who went from Bank of Canada to Bank of England to climate capitalism poster boy—is now pitching Canada as the world’s “housing factory.” On the surface, it sounds progressive: build more homes, export the model. But dig one inch below and it’s the same old settler colonial script. Build for profit. Sell to the rich. Evict the rest.

Homes for Whom?

Carney’s plan isn’t about housing people. It’s about feeding finance. Canada’s major cities are already among the least affordable in the world. As StatsCan shows, foreign-owned properties are a growing share of the market. Who’s buying? Corporate landlords, REITs, offshore investors. Who’s left out? Tenants, Indigenous families, the working class. Now they want to scale that model up—to factory levels. You can’t make this up.

This Is What Technofascism Looks Like

High-tech, data-driven, “green” development is the new mask of empire. Carney’s vision includes digital zoning, algorithmic planning, and AI-synced supply chains. It’s Uber for urbanism, Amazon for architecture. But who’s driving the machine? Not the people who need homes. It’s capital—greedy, unaccountable, and wired into every level of government. That’s what we call technofascism: when capital wears the face of “innovation” and builds a prison with a touchscreen.

The Real Estate Class War

Let’s stop pretending this is about fixing housing. This is about expanding a business model. That model makes money from scarcity, evictions, rent hikes, and land grabs. It’s settler colonialism 2.0: digitized, globalized, and sanitized for press releases. Indigenous nations are still living in tents while skyscrapers go up across their unceded land. Youth are drowning in rent. Working people are one paycheck away from losing shelter. But the developers? Record profits. The banks? Bigger portfolios. The system? Working exactly as designed.

Nothing About Us Without Us

Communities across so-called Canada are fighting back. Tenant unions, land defenders, and unhoused movements are saying no. They want decommodified housing, land back, and public control. Not apps. Not prefab deals. Not more homes for hedge funds. They want homes for humans—and justice for the land. Carney’s factory plan is just another imperial rerun. But the people are building something different. Something grounded. Something that doesn’t sell your roof to the highest bidder.

Conclusion: Burn the Blueprints, Build Something Real

Canada doesn’t need to be a housing factory. It needs to abolish the housing market as we know it. Carney and company want to turn this country into a tech-enabled plantation for global real estate. But people are done being tenants in their own cities. Done watching land stolen, flipped, and fenced. It’s time to tear up the blueprints and build something rooted in care, collectivity, and resistance. Because if we don’t, they’ll factory-farm our future and sell it back to us—one unaffordable condo at a time.