Posted: March 8, 2010 at 2:08 pm | Tags: ACT, AFFORDABILITY, Association, building, canada, Canadian, CHBA, Choice, CHRA, CMHC, country, Douglas Stewart, FCM, home, Housing Market, planning, President Basil Stewart, President David Eddy, President Gary Friend, today
Canada Mortgage and Housing Corporation (CMHC) today announced 22 new grants to improve housing affordability for Canadians. The grants, totalling $99,700, are being awarded under CMHC’s Affordability and Choice Today (ACT) Initiative.
“CMHC is pleased to support the many municipalities, home builders and non-profit housing providers working to develop local housing solutions that will benefit the economy and revitalize communities across the country,” said Douglas Stewart, Vice-President, Policy and Planning, CMHC.
In operation since 1990, ACT provides grants of up to $5,000 to teams of municipalities and private or non-profit home builders who promote the improvement of planning and building regulations in their communities to make housing more affordable and responsive to local needs. ACT also offers a wealth of proven best practices and lessons learned so that communities can benefit from the innovations of others.
ACT is funded by CMHC and administered and delivered by the Federation of Canadian Municipalities (FCM), with the participation of the Canadian Home Builders’ Association (CHBA) and the Canadian Housing and Renewal Association (CHRA).
“ACT assists municipalities, home builders and housing groups to work together on regulatory reforms that support innovation. ACT has a significant impact leading to the creation of new affordable housing options,” said FCM President Basil Stewart.
“By sharing information about how housing providers, builders and municipalities implemented changes, other local teams across the country can benefit when adopting those changes in their own communities,” added CHRA President David Eddy.
“ACT grants have helped home builders to work with municipalities to streamline approvals and eliminate hurdles in planning and building regulations in order to improve housing affordability and choice,” said CHBA President Gary Friend.
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 — homes that will continue to create vibrant, healthy communities and cities across the country.
Posted: July 17, 2009 at 9:13 am | Tags: Alexander, Association, Average, canada, canadian funding corp, canadian funding corporation, CEO, CFC, Click, CREA, Estate, Housing Market, June, market, Moishe, moishe alexander, Real, steam
The Canadian housing market appears to be picking up steam, as prices climbed an average of 4.2% across Canada in June, according to the Canadian Real Estate Association (CREA). However, some areas are struggling. Click the arrows to find out which markets have been left behind as prices rise.
http://finance.sympatico.msn.ca/banking/mortgages/most-struggling-housing-markets.aspx
reviewed by Moishe Alexander, CFC CEO
Posted: June 16, 2009 at 11:56 am | Tags: activity, aflutter, Alexaner, Association, Average, Brings, Calgary, canada, canadian funding corp, canadian funding corporation, cent, CEO, CFC, Edmonton, Gregory Klump, May, Moishe, moishe alexander, Montreal, National, price, record, sale, Toronto, Vancouver
All the Canadian newspapers are aflutter because the Canadian Real Estate Association released their monthly report today, with positive news. I think people tend to get over excited about these releases whether positive or negative, but, here is the gist of it.
Resales of existing Canadian homes showed continuing improvements in in May, with both the number of transactions and the national average price on the rise. The national average sale price in May hit the highest monthly level on record, at $319,757, which was up four-tenths of a percentage point from the previous record in May 2008.
The real-estate association said the dollar value of sales through its members reached $11.4 billion in May, up 10 per cent from the previous month and more than 50 per cent above the low of $7.5 billion in January.
The association said the the rebound in activity was led in some of the most expensive local markets in Canada and that had the effect up pushing the national average price upward.
Seasonally adjusted sales were up on a monthly basis in about 70% of local markets. Monthly activity gains in Toronto (9%), Calgary (25%), Montreal (10%), Vancouver (8%), and Edmonton (12%) contributed most to the overall increase in monthly activity.
“Inventory levels are still high in many markets, but fewer new listings and rising sales activity suggests that the selection of homes available for sale may shrink as the year progresses. The supply of homes up for sale needs to be drawn down further before average price increases become more widespread among local markets,” said CREA economist Gregory Klump.
http://www.edmontonrealestateblog.com/my_weblog/2009/06/edmonton-brings-up-the-national-average.html
