According to the latest forecasts conducted by Canada Mortgage and Housing Corporation, the impact of slower economic growth will be attenuated by still favourable borrowing conditions and demographic factors, which will again support new home construction in Quebec in 2012 and 2013. CMHC regional economist for the province of Quebec Kevin Hughes said while sustained … Read more
According to the Spring Rental Market Survey conducted by Canada Mortgage and Housing Corporation, the average vacancy rate for privately initiated structures with three units or more was 2.2 per cent in April in urban areas (10,000 inhabitants or more) of Quebec. The decline, of 0.2 points over the same period last year, was not … Read more
On behalf of Human Resources Minister Diane Finley (Haldimand-Norfolk, ON), Industry Minister Christian Paradis (Megantic-L'Erable, QC) was pleased to mark the official opening of the Residence Le Chene Blanc. The construction of this 20-unit affordable housing project for semi-independent seniors required a total investment of more than $2.2 million, of which over $1.1 million was … Read more
In Quebec urban centres, the number of housing starts was trending at 39,800 units in May, according to Canada Mortgage and Housing Corporation. The trend is a moving average of the monthly seasonally adjusted annual rates of housing starts. The standalone monthly SAAR was 35,500 units in May, down from 55,300 in April. Regional economist … Read more
The Governments of Canada and Newfoundland and Labrador announced a combined investment of more than $1.3 million in funding towards the construction of a senior's complex in Corner Brook, NL. Parkview Apartments Inc., a non-profit corporation set up by the congregation of First United Church in Corner Brook, will provide 10 new affordable housing units … Read more
On behalf of Human Resources Minister Diane Finley (Haldimand-Norfolk, ON), Industry Minister Christian Paradis (Megantic-L'Erable, QC) celebrated the opening of the Auberge du coeur l'Envolee in Laval, QC. The construction of this 16-unit shelter for youth in difficulty required a total investment of more than $1.5 million that was wholly provided by the governments of … Read more
On behalf of Human Resources Minister Diane Finley (Haldimand-Norfolk, ON), Economic Development Minister Denis Lebel (Roberval-Lac-Saint-Jean, QC) highlighted in Quebec the positive results of Canada Mortgage and Housing Corporation's Municipal Infrastructure Lending Program for housing-related infrastructure projects, which ended on March 31, 2012. Under this program, low-cost loans totalling over $2 billion were approved to … Read more
Westgate Heights Attainable Housing Inc. celebrated their groundbreaking. The new housing complex will consist of 34 units (32 townhouse units and two accessible units) located close to services and amenities. The homes will be targeted to low-income families and families new to Canada. On behalf of Human Resources Minister Diane Finley (Haldimand-Norfolk, ON), Conservative MP … Read more
The Government of Canada joined the Province of Prince Edward Island at the official opening of The Christie on Elena Court in Charlottetown. On behalf of Human Resources Minister Diane Finley (Haldimand-Norfolk, ON), National Revenue Minister Gail Shea (Egmont, PE) said the government is investing in affordable housing here and across Canada to help create … Read more
Canada Mortgage and Housing Corporation presented Habitat for Humanity Edmonton with the Canada Mortgage and Housing Corporation Award for Outstanding Contribution to Habitat for Humanity Aboriginal Housing. The award was presented at Habitat for Humanity Canada's National Conference Awards Gala. Habitat affiliates from across Canada are in Regina this weekend for their annual general meeting … Read more
