According to the latest forecasts conducted by Canada Mortgage and Housing Corporation (CMHC), moderate economic growth and still favourable borrowing conditions and demographic trends will continue to support housing demand in Quebec in 2013 and 2014, but not at the same pace as in 2011 and 2012. "An easing resale market and strong supply will … Read more
Twelve new affordable housing units for families and people with disabilities were officially opened in Miramichi, N.B. On behalf of Human Resources Minister Diane Finley (Haldimand-Norfolk, Ont.), Conservative MP Tilly O'Neill Gordon (Miramichi, N.B.) made the announcement. The 24-unit complex, which contains twelve affordable housing units for families and persons with disabilities, is located at … Read more
Housing starts in Canada were trending at 203,208 units in January 2013, 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. More information is available online. Call 613-748-2799. Housing starts in Quebec were trending at 36,735 units in January … Read more
The Government of Canada has announced changes to CMHC's lending programs that support existing social housing projects. Effective immediately, for eligible existing social housing projects that require capital repairs and renovations, the government will be accepting the prepayment of closed CMHC mortgages with a yield maintenance prepayment penalty consistent with private lending institutions. These changes … Read more
As a result of the combined efforts of the governments of Canada and Quebec and their local partners, semi-independent seniors in Victoriaville, Que., now have access to 37 new affordable housing units adapted to their needs as well as a room for people in convalescence. L'Edifice des Pins, the construction of which required a total … Read more
As a result of combined efforts of the governments of Canada and Quebec and their local partners, semi-independent seniors in Gatineau now have access to 130 new affordable housing units adapted to their needs. Le Faubourg Jean-Marie-Vianney, the construction of which required a total investment of more than $21 million, officially opened in the presence … Read more
As a result of combined efforts of the governments of Canada and Quebec and their local partners, semi-independent seniors in Degelis, Que., now have access to 21 new affordable housing units adapted to their needs. The second phase of the Manoir Rose-Marquis, the expansion of which required a total investment of more than $2.7 million, … Read more
The governments of Canada and Newfoundland and Labrador joined the Melville Native Housing Association in celebrating the completion of renovations to 75 affordable social housing homes owned and managed by the association in Happy Valley-Goose Bay, N.L. Contributions of $1.5 million were provided by both levels of government for a total investment of $3 million. … Read more
Housing starts in Canada were trending at 212,282 units in December, 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 standalone monthly SAAR was 197,976 units in December, down slightly from 201,376 in November. The actual housing starts … Read more
As a result of prudent mortgage lending practices, the number of mortgages in arrears in Canada were trending down in 2011 and the first half of 2012, according to the Canadian Housing Observer, released by Canada Mortgage and Housing Corporation. More information is available online. Call 613-748-2799.
