Thanks for the question.
We're seeing opportunity with factory-built housing components. In some cases, entire modular homes, and, in many other cases, components like walls and floors, kitchen and bath pods and different pieces of homes, can be manufactured in a factory and then assembled rapidly on site. We are looking at having criteria in the Build Canada Homes investment policy that maximizes the content of manufactured products: Canadian-manufactured, with Canadian materials, Canadian workers and Canadian building technologies. We want to see all of that advance as part of investing in the Canadian economy and accelerating the construction of housing.
We know that we can manufacture in a factory year-round, literally 24-7, 365. It's very efficient. As with all other products we have, basically, we manufacture them in factories. We need to be shifting our home manufacturing into factories. We're seeing less than 5% of Canada's housing stock manufactured off-site in a factory. In Europe right now, I think the leader is Sweden, with almost 50% of their homes manufactured in factories. We need to catch up.
We need to see our manufacturers advance their technologies and create more jobs. It will help with productivity. Fewer workers working in factories can produce a lot more homes, which speaks to the earlier question about doubling housing construction. The only way we can do that is if we invest and support the manufacturing industry to be more productive in putting homes together.