The seasonally adjusted annual rate of housing starts was 205,100 units in July, according to Canada Mortgage and Housing Corporation. This is up from 196,600 units in June 2011. Deputy Chief Economist at CMHC's Market Analysis Centre Mathieu Laberge said housing starts rose in July due to an increase in multiple starts in all regions … Read more
The government of Canada pledged $19 million in low-cost infrastructure loans to the City of New Westminster, the City of Victoria and the Town of Oliver in British Columbia. On behalf of Human Resources Minister Diane Finley (Haldimand-Norfolk, ON), Minister of State (Seniors) Alice Wong (Richmond, BC) attended the announcement and said this program opened the door for … Read more
On behalf of Human Resources Minister Diane Finley (Haldimand-Norfolk, ON), Heritage Minister James Moore (Port Moody-Westwood-Port Coquitlam, BC) and MLA for Saanich North and the Islands Murray Coell announced the federal government and the government of British Columbia are contributing to a combined total of approximately $4 million for 27 affordable Seniors’ Rental Housing apartments in … Read more
On behalf of Human Resources Minister Diane Finley (Haldimand-Norfolk, ON), Fisheries and Oceans Minister Keith Ashfield (Fredericton, NB) announced that Town of Richibucto, NB, has been approved for a $1.2 million low-cost infrastructure loan as part of Canada's Economic Action Plan. The loan is being used to upgrade the town's firehall. The full release is … Read more
On behalf of Human Resources Minister Diane Finley (Haldimand-Norfolk, ON), Conservative MP Ron Cannan (Kelowna-Lake Country, BC) announced that the Municipality of Lake Country, BC, has been approved for more than $600,000 in low-cost infrastructure loans as part of Canada's Economic Action Plan. Cannan said the Conservative government understands the importance of infrastructure in maintaining … Read more
On behalf of Human Resources Minister Diane Finley (Haldimand-Norfolk, ON), Intergovernmental Affairs Minister Peter Penashue (Labrador, NL) announced that the Town of Gillams, NL, has been approved for a $100,000 low-cost infrastructure loan as part of Canada's Economic Action Plan. Penashue said the Canada Mortgage and Housing Corporation's Municipal Infrastructure Lending Program has opened the … Read more
Canada Mortgage and Housing Corporation released its 2010 Annual Report, highlighting the Corporation's role at the heart of housing in Canada and outlining its strong focus on public accountability and responsible risk management. Canada Mortgage and Housing Corporation President and CEO Karen Kingsley said the report demonstrates that the corporation continues to be instrumental in … Read more
Canada Mortgage and Housing Corporation said residential construction declined in Quebec's centres with 10,000 or more inhabitants in June. In all, 3,816 dwellings were started in June 2011, compared to 4,223 a year earlier. As well, the seasonally adjusted annual rate of starts for this same month (42,800) was lower than for the month of … Read more
The Canada Mortgage and Housing Corporation announced that the Government of Canada and the Province of New Brunswick celebrated the opening of a new affordable housing project for low-income families and individuals in the region of Sussex. Thanks to federal funding in the amount of $960,000 the Freeze Court development was developed by Sussex Resource … Read more
The Canada Mortgage and Housing Corporation said that according to its latest survey of retirement homes, the vacancy rate for standard spaces (those that require less than an hour and a half of medical care per day) remained stable in Quebec for 2011. The corporation said the rate was 8.1 per cent in February, compared … Read more
