Housing starts in New Brunswick were trending at 1,333 units in June compared to 1,383 in May according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six month moving average of the monthly seasonally adjusted annual rates (SAAR)1 of housing starts. Call 506-851-2742. Housing starts in St. John’s, Census Metropolitan Area (CMA) … Read more
The Government of Canada and the Province of Saskatchewan, along with the City of Moose Jaw and Sunflower Developments Inc., celebrated the official opening of Sunflower Manor, a new affordable rental housing project for moderate-income individuals and families. Located at 651 – 4th Avenue South West in Moose Jaw, the project consists of six units, … Read more
The vacancy rate for standard spaces(1), which dominate seniors’ residences in Canada, decreased slightly over the past year, reaching 9.7 per cent in 2014, compared to 10.3 per cent in 2013, according to the Seniors’ Housing Report – Canada Highlights edition released by Canada Mortgage and Housing Corporation. The average vacancy rate for all standard … Read more
The Government of Canada and the Province of Saskatchewan, along with the City of Regina and Ranch Ehrlo Society, celebrated the official opening of Chaz Court, a new affordable rental housing project for youth in housing need. Located at 1747 Montreal Street, the project consists of eight bachelor style apartments and is named in honour … Read more
Canada Mortgage and Housing Corporation (CMHC) launched its Housing Market Information Portal. A new, dynamic, web-based tool, the portal lets users meet their information needs by accessing CMHC’s wealth of housing market data in one, easy location. Unrivalled in scope and flexibility, the portal provides housing market information to address a wide range of strategic business … Read more
On behalf of Minister of State (Social Development) Candice Bergen (Portage-Lisgar, Man.), Conservative MP Randy Hoback (Prince Albert, Sask.), along with local officials, announced the Government of Canada and the Province of Saskatchewan, along with River Bank Development Corporation, marked the start of construction of a new rental housing development that will assist individuals with complex … Read more
According to the Rental Market Survey conducted in the spring by Canada Mortgage and Housing Corporation (CMHC), the average vacancy rate of private buildings with three units and over stood at 2.9 per cent in April in urban centres (10,000 or more ) of Quebec. The small change in the nominal rate compared to that … Read more
Housing starts in Canada were trending at 184,438 units in May compared to 183,872 in April, according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR)1 of housing starts. The full release is available online. Call 613-748-2799. Housing starts in New Brunswick … Read more
Canada Mortgage and Housing Corporation announced two additional changes as it has completed the review of its homeowner and multi-unit mortgage loan insurance business. These are: CMHC mortgage loan insurance for the financing of multi-unit condominium construction will be discontinued effective immediately. CMHC’s mortgage loan insurance for the homebuyers wishing to purchase a condominium is unaffected by … Read more
Canada Mortgage and Housing Corporation released its results for the first quarter of 2014. Net income for the quarter was $406 million, up seven per cent year-over-year. Insurance-in-force at quarter-end was $555 billion, a reduction of $2 billion from the 4th quarter of 2013. The increase in net income is mainly attributable to higher earnings from investments and … Read more
