Addressing the urgent housing shortage, a modular and prefab residential company will launch in the Greater Toronto Area next year, with initial plans of producing up to 3,000 units annually.

“We’re taking a big swing here, doing this at a scale never seen before in Canada,” says Peter Hass, general manager of Stelumar Advanced Manufacturing Inc.

Stelumar, which was founded by Peter Gilgan who established Mattamy Homes in 1978, a giant in the single-family housing industry in Canada, will be a fully automated 450,000-square-foot facility capable of producing a variety of home types.

The first project will be a six-storey, 47-unit residence consisting mostly of middle-income large two and three bedroom suites.