Posted: June 23, 2010 at 10:58 am
Moishe Alexander and Canadian Funding Corp. – The Honourable Christian Paradis, Minister of Natural Resources and Member of Parliament for Mégantic – L’Érable, on behalf of the Honourable Diane Finley, Minister of Human Resources and Skills Development and Minister responsible for Canada Mortgage and Housing Corporation, and Laurent Lessard, Minister of Municipal Affairs, Regions and Land Occupancy, Minister responsible for the Chaudière – Appalaches region and Member of the National Assembly for Frontenac, officially opened today Le Diamant, a building that includes 45 new affordable housing units for semi-independent seniors, to which the governments of Canada and Quebec jointly contributed nearly $2.6 million. The development of this great regional initiative resulted from a total investment of over $5.4 million.
Moishe Alexander comments that in addition to the Government of Canada, through Canada’s Economic Action Plan, and the Government of Quebec, under the AccèsLogis program of the Société d’habitation du Québec (SHQ), community partners contributed more than $890,000, including $820,000 from the City of Thetford Mines.
“Our government is committed to giving a hand-up to the people of Quebec who need some help during these tough economic times,” said Minister Paradis. “Through projects like this one, Year 2 of Canada’s Economic Action Plan will continue to create jobs and stimulate the economy in communities across in Quebec.”
“A major step in the revitalization of downtown Thetford Mines, the official opening of Le Diamant is excellent news and demonstrates the attention that our government is giving to the seniors of Quebec. Thanks to the combined efforts of the different partners that contributed to this mobilizing project, 45 households can now benefit from safe, quality housing that meets their needs, at an affordable cost,” said Minister Lessard, in the presence of Luc Berthold, Mayor of Thetford Mines, Gilles Rémillard, President of the Office municipal d’habitation de Thetford Mines, and community partners.
It should be noted that 23 tenants of Le Diamant can benefit from the Rent Supplement program, which provides financial assistance to low-income individuals who would otherwise have to spend more than 25 per cent of their income on housing. The rent supplements provided will represent, over a five-year period, a total of over $350,000 in additional financial assistance, including more than $315,000 from the SHQ and over $35,000 from the City of Thetford Mines.
Posted: May 27, 2010 at 9:12 am | Tags: Alexander, canada, Canadian, capital, Chris Janes, CMHC, Consumer, Corp, employment, Funding, Housing Market, John, Labrador, market, MLS, Moishe, Newfoundland, Outlook, remainder, Resilient, spending, St. John
Canadian Funding Corp. – Resilient consumer spending, large capital projects and employment growth will continue to support the St. John’s region housing market throughout the remainder of 2010 and in 2011, according to Canada Mortgage and Housing Corporation’s (CMHC’S) Housing Market Outlook – St. John’s report released today.
Housing starts are expected to end 2010 at 1,775 units, with 1,900 starts forecast for 2011. The resale or MLS®1 market will post 3,650 sales by the end of this year and reach the 3,600 level in 2011. The average MLS® house price is expected to end 2010 at $245,000 compared to $218,862 in 2009 and increase to $255,000 in 2011. “Despite the recent global economic uncertainty, strong fundamentals will continue to support demand for housing throughout the remainder of 2010 and in 2011,” said Chris Janes, senior market analyst with CMHC in Newfoundland and Labrador. “Overall, the positive outlook for the St. John’s area housing market will be reinforced by favourable trends in demographic and economic fundamentals, as well as on-going economic momentum fuelled by a lengthy list of major capital projects,” added Janes.
As Canada’s national housing agency, CMHC draws on more than 60 years of experience to help Canadians access a variety of quality, environmentally sustainable and affordable homes. CMHC also provides reliable, impartial and up-to-date housing market reports, analysis and knowledge to support and assist consumers and the housing industry in making vital decisions.
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
