According to CMHC’s second quarter 2014 Housing Market Outlook, Canada Edition(1), economic and demographic fundamentals continue to be supportive of new building activity. However, builders are expected to continue to adjust activity, particularly with respect to multi-units, in order to manage inventory levels. “Builders are expected to continue to manage their starts activity in order … Read more
More affordable housing options will soon be available for seniors in Rimbey, Alta., thanks to an investment from the Governments of Canada and Alberta. Parkland Manor currently contains 63 units which will be renovated into 37 larger units with an additional 40 new units to be added to the facility. Parkland Manor will receive $11.2 … Read more
Low-to-moderate-income citizens in North Battleford will enjoy improved housing quality as a result of the creation of 26 rental units in a commercial building located at 1091-103rd Street. Undertaken by Mardi Holdings Ltd., the conversion was made possible by a joint investment from the governments of Canada and Saskatchewan. Located at 1091-103rd Street in North … Read more
Minister of State (Social Development) Candice Bergen (Portage-Lisgar, Man.) addressed the 2014 Canadian Real Estate Association (CREA) Political Action Committee (PAC) Days Conference, highlighting the government’s measures to ensure the accessibility and sustainability of housing, including social housing for those most in need. The minister also reiterated the government’s commitment to ensuring the stability of the … Read more
Housing starts in Canada were trending at 183,515 units in April compared to 184,602 in March, according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six-month moving average of the monthly seasonally adjusted annual rates of housing starts. “This is in line with CMHC’s analysis indicating that the new home construction market in … Read more
Canada Mortgage and Housing Corporation (CMHC) released its 2013 Annual Report, focusing on how the corporation contributes to market efficiency, a sound and stable housing finance system for Canada, increased housing quality and sustainability, while continuing to deliver federal investments in assisted housing. The full release is available online. Call 613-748-2799.
The Governments of Canada and Alberta announced an additional combined investment of some $202 million over five years, to help more individuals and families in housing need. The funding will be delivered through an extension to the Investment in Affordable Housing agreement. Minister of State (Social Development) Candice Bergen (Portage-Lisgar, Man.) said the government recognizes the … Read more
The Governments of Canada and Alberta, along with the City of Edmonton, celebrated the official opening of Renaissance Tower. This 90-unity facility, owned by the Metis Capital Housing Corporation in Edmonton’s inner city, is targeted at meeting the needs of Aboriginal people, seniors and people with disabilities. Thirty of the suites are barrier-free and include features … Read more
The Governments of Canada and New Brunswick announced an additional combined investment of $78 million over five years, to help more individuals and families in need access affordable housing. The funding will be delivered through an extension to the Investment in Affordable Housing (IAH) agreement. The full release is available online. Call 819-953-2352.
Together, the Governments of Canada and Prince Edward Island announced an additional combined investment of some $15 million over five years, to help more individuals and families in need access affordable housing. The funding will be delivered through an extension to the Investment in Affordable Housing agreement. “Our Government remains committed to smart investments in housing to … Read more
