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.
Posted: August 26, 2009 at 9:45 am | Tags: Alexander Reviews, Alliston, Anne Skeates, canada, ceremony, construction, Diane Finley, family, government, Helena, Honourable, Housing Market, Inc, Minister Responsible, Ontario, Place, project, shelter, Simcoe County, Sister, South Simcoe County, today, transition, violence
The Government of Canada and People in Transition (Alliston) Inc. held a ground-breaking ceremony today to celebrate the construction of five new second-stage housing units at “My Sister’s Place”, a shelter for women and children who are victims of family violence in Simcoe County.
The Honourable Helena Guergis, Minister of State (Status of Women) and Member of Parliament for Simcoe – Grey, on behalf of the Honourable Diane Finley, Minister of Human Resources and Skills Development Canada and Minister Responsible for Canada Mortgage and Housing Corporation; Anne Skeates, Board Chairperson, People in Transition (Alliston) Inc., along with guests attended today’s ceremony.
“The Government of Canada is committed to making affordable housing available in Ontario and across Canada for those who need it most,” said Minister of State Guergis. “Through this investment, My Sister’s Place will provide safe and supportive housing to women and their children who are experiencing family violence.”
Through Canada Mortgage and Housing Corporation (CMHC), the Government of Canada provided $520,000 to My Sister’s Place through the Shelter Enhancement Program (SEP) and SEED funding. The SEP program assists in repairing, rehabilitating and improving existing shelters for women and their children or youth who are victims of family violence. It also provides financial assistance for the acquisition or construction of new shelters and second-stage housing where needed. SEED funding offers financial assistance to housing proponents who are in the early stages of developing an affordable housing project.
The five units — one bachelorette and four one-bedroom apartments, will be built beside the existing emergency shelter in Alliston. Women and children currently staying at My Sister’s Place could move into this second-stage housing as part of their transition from the shelter. Second-stage housing is vital in helping women and children reclaim their lives and secure a brighter future.
“My Sister’s Place is very proud to be creating a second-stage housing project that is the only purpose-built building of its kind in South Simcoe County,” said Anne Skeates, Board Chairperson, People in Transition (Alliston) Inc. “The goal of this project is to provide ongoing and on site shelter for women who are recreating their lives in the wake of an abusive relationship.”
My Sister’s Place, operated by People in Transition (Alliston) Inc., provides emergency shelter services to abused women and their children who are fleeing violent and / or abusive relationships. More than 1,000 women and children are served annually.
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.