The share of foreign ownership in condominium apartments remains low in major Census Metropolitan Areas. This analysis is the result of combined insight from two Housing Market Insight reports released by Canada Mortgage and Housing Corporation — a national look at foreign ownership and a second report delving deeper into Montréal. The full release is available online. Call 613-748-2734.
Canada Mortgage and Housing Corporation released its third quarter financial results as well as supplemental data on the Corporation’s Mortgage Loan Insurance, Securitization, and Covered Bonds business activities. CMHC’s mortgage loan insurance and securitization guarantee programs operate on a commercial basis without support from Canadian taxpayers. During the quarter, CMHC generated $331 million in net income … Read more
In the privately initiated purpose-built rental market, the average apartment vacancy rate in Canada’s 34 larger centres increased slightly, to 3.4 per cent in October 2016, from 3.3 per cent in October 2015, according to the fall Rental Market Survey released by Canada Mortgage and Housing Corporation. The Rental Market Survey provides data and analysis for … Read more
Les Habitations Rêvanous are celebrating the official opening of their six-storey building in the borough of Ahuntsic-Cartierville, in Montréal. The building contains 79 affordable housing units geared in part to adults with a mild intellectual disability. The development of this project required a total investment of over $14.2 million. The ceremony took place in the … Read more
Parliamentary Secretary to the Minister of Families, Children and Social Development Terry Duguid (Winnipeg South, Man.), Families, Children and Social Development Minister Jean-Yves Duclos (Québec, Que.) and Manitoba Families Minister Scott Fielding announced measures to give Canadians greater access to more affordable housing. These measures include the doubling of current funding under the Investment in Affordable Housing … Read more
In support of greater transparency with respect to risk management practices, CMHC released today the results of its 2016 stress testing exercise. None of the scenarios tested should be considered a prediction or a forecast. “Stress testing involves searching out extreme scenarios that have a very remote chance of happening and planning for them,” said … Read more
The Governments of Canada and Newfoundland and Labrador, along with community partners, celebrated the groundbreaking for three new affordable homeownership units in Conception Bay South. Liberal MP Ken McDonald (Avalon, Nfld.) and Sherry Gambin-Walsh, Minister of Children, Seniors and Social Development and Minister Responsible for Newfoundland and Labrador Housing Corporation, made the announcement. The full release … Read more
The Governments of Canada and Ontario, along with the City of London, celebrated aofficial opening of 18 new affordable housing initiatives in London and the surrounding area. Parliamentary Secretary to the Minister of Transport Kate Young (London West, Ont.) and Deb Matthews, Deputy Premier and Member of Provincial Parliament for London North Centre, made the announcement. The … Read more
The trend measure of housing starts in Canada was 199,920 units in October compared to 199,262 in September, according to Canada Mortgage and Housing Corporation. The trend is a six-month moving average of the monthly seasonally adjusted annual rates of housing starts. “In October, housing starts remained stable, as the trend remained essentially unchanged from September,” … Read more
Maison Martin-Matte – Pavillon Patrice-Villeneuve and Immeubles H.S.F., phase II, are celebrated the official opening of their shared five-storey building, which comprises a total of 75 affordable housing units for people living with the after-effects of traumatic brain injuries, persons with physical limitations, as well as families and individuals. The development of these two projects required a total investment … Read more
