ATCO Structures has acquired Dexterra Group’s NRB Modular Solutions—a $40 million bet it’s confident will pay off in a country beset by exorbitant building expenses, home prices and labour shortages.

The acquisition of Calgary homebuilder Cedarglen Homes by real estate investor, developer and manager Anthem Properties is a strategic decision to expand its presence in the sector, according to Anthem’s founder and CEO Eric Carlson.