Canada Mortgage and Housing Corporation (CMHC) released its results for the second quarter of 2013. At the end of the second quarter of 2013, CMHC's total insurance-in-force was $562 billion; $4 billion lower than the insurance-in-force at year end 2012. For the six months ended June 30, 2013, CMHC's net income (after taxes) was $824 … Read more
Some of Saskatoon's most vulnerable citizens will soon have access to more safe housing while they move towards living independently. Located in Saskatoon's Fairhaven neighbourhood, the Camponi Transitional Housing project will provide safe and affordable housing for individuals with complex needs, including some with intellectual disabilities or addiction issues. The Governments of Canada and Saskatchewan, … Read more
The Governments of Canada and Alberta, and the Leduc Foundation, celebrated the official opening of Shkola Suites. The 8-suite affordable housing project was built to help house families of modest means and families fleeing domestic abuse. The total cost of the development is approximately $1.8 million. The Government of Canada, through Canada Mortgage and Housing … Read more
According to Canada Mortgage and Housing Corporation's (CMHC) third quarter 2013 Housing Market Outlook, Canada Edition(1), total housing starts are expected to be lower in 2013 compared to 2012, mostly due to moderation observed in the first half of 2013. The outlook said housing starts are expected to stabilize in the second half of 2013 before … Read more
On behalf of Minister of State (Social Development) Candice Bergen (Portage-Lisgar, Man.), Parliamentary Secretary to the Prime Minister and to the Minister of Intergovernmental Affairs Dean Del Mastro (Peterborough, Ont.) and provincial representatives announced the official opening of 19 new affordable rental housing units for low-income seniors at Monaghan Court in Keen. The project received … Read more
Housing starts in Canada were trending at 187,416 units in July compared to 182,142 in June, according to Canada Mortgage and Housing Corporation. 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. 613-748-2799. Housing starts in Quebec's urban centres were … Read more
The Government of Canada, the Government of Ontario and the Municipality of Mississippi Mills celebrated the official opening of 20 new affordable housing units at Country Street Residences – Phase 2 for low-income seniors and people with disabilities. The project received $2.38 million in funding from the federal and provincial governments. The construction of this … Read more
The Governments of Canada and Saskatchewan, along with H. Zamonsky Insurance Ltd., celebrated the official opening of a new, affordable rental housing project for moderate-income families in North Battleford, Sask. The development, called Project 104, consists of eight two-bedroom units in two four-plexes located at 104th Street. The total project cost is approximately $1 million. … Read more
The Government of Canada and the Province of New Brunswick celebrated the official opening of a new four unit project that provides affordable housing units for low-income non-elderly singles in Moncton, N.B. On behalf of Minister of Employment and Social Development Jason Kenney (Calgary Southeast, Alta.), Parliamentary Secretary to the Minister of Public Works and … Read more
Canada Mortgage and Housing Corporation (CMHC) is helping an Aboriginal family realize their dream of homeownership through the sponsorship of a Habitat for Humanity Build Day. CMHC staff volunteers are rolling up their sleeves and joining Habitat for Humanity-National Capital Region (NCR) on site to take part in the construction of a local Habitat home. … Read more
