Housing starts in British Columbia's urban areas were trending at 23,398 units in June 2013 compared to 21,916 in May according to Canada Mortgage and Housing Corporation. The trend is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR)(2)of housing starts. The full release is available online. Call 250-767-3502. Housing starts in … Read more
Housing starts in Canada were trending at 184,514 units in June 2013 compared to 184,087 in May 2013, 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 613-748-2799. Housing starts in New Brunswick were trending at 2,049 … Read more
The governments of Canada and Quebec will invest more than $1.5 million this year for the renovation of 80 social housing units in Rimouski, Que. On behalf of Human Resources Minister Diane Finley (Haldimand-Norfolk, Ont.), Industry Minister Christian Paradis (Megantic-L'Erable, Que.) made the announcement. This financial assistance, which was granted under the replacement, modernization and … Read more
Canada Mortgage and Housing Corporation (CMHC) announced the registration of two covered bond programs under the legal framework for Canadian covered bonds. The framework will support financial stability by helping lenders further diversify their sources of funding and by attracting more international investors to the market for Canadian covered bonds, making the market for covered … Read more
The vacancy rate for standard spaces (1), which dominate seniors' residences in Canada, decreased slightly over the past year, reaching 10.3 per cent in 2013, compared to 10.6 per cent in 2012, according to the Seniors' Housing Report – Canada Highlights edition released by Canada Mortgage and Housing Corporation. The full release is available online. … Read more
According to Canada Mortgage and Housing Corporation's (CMHC) second quarter 2013 Housing Market Outlook, Prairies Highlights report released, housing starts in the Prairie Provinces are forecast to moderate to 47,400 units in 2013 before rising to 48,100 in 2014. Call 403-515-2991.According to the latest forecasts conducted by Canada Mortgage and Housing Corporation (CMHC), recently slower … Read more
The Peace Tower residential apartments celebrated its official opening on June 21. The 48 new units, located at 260 Princess Street, Man., provide better living and improved housing for families in Winnipeg's Chinatown neighbourhood. The official opening was attended by Minister of State (Transport) Steven Fletcher (Charleswood-St. James-Assiniboia, Man.), on behalf of Human Resources Minister … Read more
According to the Spring Rental Market Survey conducted by Canada Mortgage and Housing Corporation (CMHC), the average vacancy rate for privately initiated buildings with three units or more stood at 3.1 per cent in April in urban centers (10,000 or more) of Quebec. This is an increase of approximately one percentage point over the same … Read more
The Government of Canada and the Government of Alberta are working together to expand the Wildrose Villa into an integrated lodge-health facility for seniors in Boyle. The Wildrose Villa project will see 40 of its current 42 units renovated into 20 larger units in order to make them accessible, and an addition of 32 new … Read more
The governments of Canada and Ontario celebrated the conversion of a building in downtown St. Thomas, Ont., into transitional housing for men at risk of homelessness. On behalf of Human Resources Minister Diane Finley (Haldimand-Norfolk, Ont.), Conservative MP Joe Preston (Elgin-Middlesex-London, Ont.) made the announcement. The $300,000 investment provided by the federal and provincial governments … Read more
