Posted: November 16, 2009 at 11:43 am | Tags: Affordable, Ainslie, Alexander, Cambridge, canada, commitment, construction, Development, Doug Craig, Franz Environmental, Gary Goodyear, government, Heartwood, Honourable, Housing Market, Jim Watson, Ken Seiling, Minister Responsible, Ontario, Southern Ontario, Thomas Franz, Todd Smith, Waterloo
Posted by Moishe Alexander
The Government of Canada, the Government of Ontario, the Region of Waterloo and the City of Cambridge today celebrated the start of construction of Heartwood Place on Ainslie. This development is supported by over $4.6 million in funding through the Canada – Ontario Affordable Housing Program.
The Honourable Gary Goodyear, Minister of State (Science & Technology), (Federal Economic Development Agency for Southern Ontario), on behalf of the Honourable Diane Finley, Minister of Human Resources and Skills Development Canada and Minister Responsible for Canada Mortgage and Housing Corporation; the Honourable John Milloy, Minister of Research and Innovation, Minister of Training, Colleges and Universities and Member of Provincial Parliament for Kitchener Centre, on behalf of the Honourable Jim Watson, Minister of Municipal Affairs and Housing; Waterloo Regional Chair, Ken Seiling; Mayor of Cambridge, Doug Craig, and Chair of the Heartwood Place Board, Mary Bales, attended the event.
“This is great news for individuals and families in Cambridge,” said Minister of State Gary Goodyear. “These new apartments will provide more rental options for those in need of suitable, affordable housing, and are important to the economic and social well-being of the community.”
“Heartwood Place on Ainslie is an example of our government commitment to improve the lives of Ontarians and build healthier communities,” said MPP Milloy. “I would like to congratulate the developer, our partners in other levels of government and community groups for making this project a reality.”
When completed, Heartwood Place on Ainslie will have 66 affordable units for low-income families and singles. The federal and provincial allocations to the project were complemented by more than $536,000 in municipal financial incentives by the City of Cambridge and more than $342,000 by the Region of Waterloo. To date, over $1.4 million in community donations has been raised in support of this project.
“The people behind Heartwood Place on Ainslie have been long time partners in the development of affordable housing in our community,” said Ken Seiling, Regional Chair. “Through their ongoing generous contributions of time and money, our residents will now have more options for safe and affordable housing in Cambridge.”
“We are tremendously excited to see the continuous transformation of our downtown cores. This redevelopment of the former Cambridge Reporter site in Galt on the Grand incorporates a courtyard for the residents and the building is designed to complement heritage features of the surrounding neighbourhood,” said Cambridge Mayor Doug Craig.
“Celebrating the commencement of this project is a significant moment for our organization,” said Mary Bales, Chair of the Heartwood Place Board. “It took six years to address the issues of contamination on the site and reach the point of construction. Thanks to everyone, including all levels of government, donors, committed volunteers and staff for helping us achieve our goal. Special thanks to Todd Smith of Torstar, Thomas Franz of Franz Environmental and to Al Way of Jamesway Construction for their commitment to this project.”
The Canada – Ontario Affordable Housing Program Agreement comprises a commitment of $301 million from each of the two senior levels of government. In total, the federal, provincial and municipal governments will invest at least $734 million in the program, which will provide affordable housing for up to 20,000 households in Ontario.
Last fall, the Government of Canada committed more than $1.9 billion over the next five years to improve and build new affordable housing and to help the homeless. Canada’s Economic Action Plan builds on this with an additional one-time investment of more than $2 billion over two years in new and existing social housing and lending of up to another $2 billion to municipalities for housing-related infrastructure. Combined for Ontario, this means a further $1.2-billion joint investment under the amended Canada – Ontario Affordable Housing Program Agreement. The federal and provincial governments are contributing equally to this overall investment.
Posted: November 12, 2009 at 12:49 pm | Tags: activity, Area, canadian funding corporation, census, CMA, economy, Estate, fact, Housing Market, JOB, market, moishe alexander, Outlook, Residential, Rivières, slowdown, transaction
Residential real estate market to remain active in 2009 and 2010
Despite a slight slowdown, activity will remain solid on the Trois-Rivières census metropolitan area (CMA) residential real estate market in 2009 and 2010. In fact, transaction volumes will stay high on the resale market, as will housing starts, which will remain above the average levels for the last few years. The rental market, for its part, will continue to post a relatively low vacancy rate. Even though the job market will be sluggish, financing conditions, which will still be very favourable, combined with strong migration, will energize the market. Job market to stay sluggish
The economy in Trois-Rivières, like in several other areas around the province, was affected by the global economic crisis that has been prevailing for over a year now. Already, the regional economy had suffered from the surging loonie, which had severely tested manufacturing companies by undermining their competitiveness on the market. The ensuing decline in demand, as a direct result of the economic slowdown, only made things worse. Consequently, job losses have now been accumulating for four quarters in the Trois-Rivières CMA (with almost all the losses having been full-time positions), in pace with the announcements of layoffs and plant closings, which have increased. On the other hand, the area will benefit from the vitality of other sectors of the regional economy, including the non-residential
Posted: November 12, 2009 at 9:27 am | Tags: Action, canada, Children, CMHC, construction, Corporation, Diane Finley, Economic, economy, facility, government, home, Honourable, Housing Market, Jim Kenyon, Minister Hart, Minister Responsible, Plan, Receiving, Senator Daniel Lang, Senator Lang, today, WHITEHORSE, youth, Yukon
WHITEHORSE, YUKON, November 10, 2009 — Senator Daniel Lang (Yukon), on behalf of the Honourable Diane Finley, Minister of Human Resources and Skills Development Canada and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC), along with the Honourable Jim Kenyon, Minister responsible for Yukon Housing Corporation and the Honourable Glenn Hart, Yukon Minister of Health and Social Services, launched the construction phase of Whitehorse Children’s Receiving Home today.
The $799,000 federal contribution to the project comes through Canada’s Economic Action Plan, the government’s plan to stimulate the economy and create jobs during the global recession. Recognizing the distinctive needs of the North, Canada’s Economic Action Plan provides $200 million, over two years, including $50 million for Yukon to support the renovation and the construction of new social housing units. Overall, the Economic Action Plan includes $2 billion for new and existing social housing, plus up to $2 billion in loans to municipalities for housing-related infrastructure.
“The Government of Canada is committed to providing a hand up to those who need it the most,” said Senator Lang. “We are helping make an important difference in the lives of children and youth in Whitehorse who are trying to build a better future for themselves.”
“Yukon Housing Corporation is dedicated to providing housing for Yukoners,” said Jim Kenyon. “This boost in funding towards the Children’s Receiving Home will help ensure a safe place for youth who need it.”
The Children’s Receiving Home is a temporary home for children and youth who have been removed from their families because of abuse or neglect, and who need a period of assessment and stabilization. The funding announced today will go toward the construction of the eight units in this new facility. The new facility will be 4,200 square feet in size and built to the Yukon’s Super GreenHome standard for maximum energy efficiency.
“Yukon government is very excited about the construction of the new children’s receiving home,” said Minister Hart. “The old facility was no longer adequate for current programming needs and we are looking forward to a new safe and healthy environment for the young people who will live there.”
Canada’s Economic Action Plan builds on the Government of Canada’s commitment in 2008 of more than $1.9 billion, over the next five years, to improve and build new affordable housing and help the homeless.
More information on this and other measures in Canada’s Economic Action Plan, the federal government’s plan to stimulate the economy and protect those hit hardest by the global recession, can be found at: www.actionplan.gc.ca.
To find out more about how the Government of Canada and CMHC are working to build stronger homes and communities for all Canadians, call CMHC at 1-800-668-2642 or visit www.cmhc.ca/housingactionplan.