Achi news desk-
CHARLOTTETOWN –
The Prince Edward Island government announced on Monday that part of their plan to address the province’s housing shortage is to find a company to manufacture modular homes on the Island.
The government says it is ready to offer financial incentives to bidders willing to move quickly to start fast-track housing.
Like other states, Prince Edward Island is dealing with a housing crisis exacerbated by a labor market shortage, higher construction costs and higher interest rates.
In addition, the province’s population has increased by 14 percent in the last five years, the highest growth rate in Canada.
In February, the PEI government released a housing strategy that includes 20 initiatives aimed at ensuring that all residents have access to adequate, affordable housing.
Modular home manufacturers are asked to submit proposals by June 6 at the latest.
This report was first published by The Canadian Press on May 6, 2024.
For more news about Prince Edward Island visit our dedicated provincial page.
