Mobile Home Communities

Mobile Home Communities

A residential neighborhood with small houses on a gravel street, some cars parked outside, and a cloudy sky above.

Sunset Parkway

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Aerial view of a suburban neighborhood surrounded by dense green forests, with houses, roads, a playground, and a basketball court visible.

Valley Gate Park

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A residential street on a foggy day with several houses, parked cars, a small tree, and an asphalt road showing some wet patches.

Lakeview Court

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An aerial view of a residential neighborhood with houses, trees, roads, and a swimming pool.

Woodlawn Village

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Fundy Capital Management Inc. has launched a dedicated real estate investment fund focused on acquiring and operating mobile home communities (MHCs) and affordable apartment buildings across Atlantic Canada. The $100M Fund targets properties with stable cash flow, long-term affordability, and meaningful value-add or redevelopment potential.

~20%

Annual Cash Dividend

6%

Targeted Gross IRR

10

Years Initial Term

$450M

of Project AUM

Benefits of Mobile Home Communities

  • • High barriers to entry —most cities won't allow new MHC to be zoned or established

    • Current MHC parks being converted to other uses by developers

    • Existing parks become increasingly sought after

  • • Essential solution — lower-cost housing vs. traditional homes

    • Residents can own their homes at reduced expense

    • Contributes to housing stability and financial accessibility

  • • Tenants own and maintain the mobile homes themselves

    • Property owners only responsible for maintaining the land

    • Streamlined cost structure vs. traditional rental assets

  • • Relocation costs $10,000–$15,000 — prohibitive for most residents

    • Most homes resold within the park; incoming residents fill existing units

    • Securing land for relocation adds further cost and complexity

  • • Inflation ~3% — higher rents absorb inflationary pressures

    • Real estate is a proven inflation hedge

    • Profits returned after CCA deduction — a non-cash item

Lowering the Barrier to Homeownership

White outline of a handshake icon on a black background.

Our greatest opportunity in the MHC sector lies in sourcing and shipping high-quality modular mobile homes. We’ve built deep, long-standing relationships with reputable factories, enabling us to source homes that meet all Canadian federal and provincial building codes.

Construction barrier icon on a black background.

Our relationships create high barriers to entry for competitors and give us a significant cost advantage. In Canada, a standard new two-bedroom home from major manufacturers typically sells for $250,000–$350,000+, which has a major impact on MHC affordability.

Black and white illustration of a mobile tiny house on wheels with four wheels and a door, two large windows, and a small window, against a black background.

We are able to sell our Fundy Capital Homes to the end user for approximately $150,000. These homes will be sold or rented exclusively within parks that we own and manage.