Canada Mortgage and Housing Corporation presented its annual Housing Outlook Conference to about 1,000 industry professionals. Under the theme "Trends, transitions and new realities," the speakers addressed the state of the real estate market across the province and in the Montreal census metropolitan area (CMA) and also provided an overview of what will shape the … Read more
Two families in Paradise, NL, joined federal and provincial government partners for a construction site tour of their soon to be new Habitat for Humanity homes. An investment of $170,000, equally cost-shared by the federal and provincial governments through the Canada-Newfoundland and Labrador Agreement for Investment in Affordable Housing 2011-2014, was provided for the two … Read more
The Government of Canada and the Province of Saskatchewan announced the results of a $102 million investment over two years to renovate and repair existing social and affordable housing units across Saskatchewan. The 572 renovated projects have improved housing quality and accessibility for residents in 206 communities in the province. The full release is available … Read more
Housing starts in New Brunswick were trending at 3,217 units in October, 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 1,979 units in October, down from 5,788 in September. Call 506-851-2229. Housing … Read more
Canada's new home market is expected to continue to moderate in the last quarter of 2012 and into 2013. Meanwhile, activity in the existing home market is expected to hold steady, leading to house price growth in line with or slightly below inflation, according to Canada Mortgage and Housing Corporation's fourth quarter 2012 Housing Market … Read more
On behalf of Human Resources Minister Diane Finley (Haldimand-Norfolk, Ont.), Conservative MP Mark Adler (York Centre, Ont.) announced the official opening of 237 new affordable rental housing units for seniors living on low income and persons with disabilities. The project received more than $28.4 million in funding from the federal and provincial governments. The construction … Read more
On behalf of Human Resources Minister Diane Finley (Haldimand-Norfolk, Ont.), National Revenue Minister Gail Shea (Egmont, P.E.I.) announced funding for a new six unit supportive housing facility for individuals who are at risk of becoming homeless and are living with a mental illness or living with disabilities. The housing development is supported by joint federal … Read more
Effective Oct. 1, 2012, the age of eligibility for the Shelter Allowance Program of the Societe d'habitation du Quebec (SHQ) is 53 years for singles and couples who meet the other program criteria. For the year 2012/2013 alone, this represents an investment of $3.4 million, and it is estimated that 3,400 Quebec households will benefit … Read more
On behalf of Human Resources Minister Diane Finley (Haldimand-Norfolk, Ont.), Conservative MP Greg Kerr (West Nova, N.S.) celebrated the official opening of Magee Drive, an affordable housing development for seniors and persons with disabilities in Middleton, N.S. More than $2.4 million was made available for the construction of the new 15-unit development for seniors and … Read more
Housing starts in Canada were trending at 224,419 units annually in September, according to Canada Mortgage and Housing Corporation. The trend is a six month moving average of the seasonally adjusted annual rates (SAAR)(1) of housing starts. The standalone monthly SAAR was 220,215 units in September, down from 225,328 in August. The full release is … Read more
