Posted: March 10, 2010 at 3:28 pm | Tags: Alexander, Analysis, Atlantic, Bob Dugan, British Columbia, canada, cent, Chief Economist, CMHC, Corporation, February, gain, Housing Market, increase, January, market, Moishe, Mortgage, Ontario, Prairie, Quebec, Rate, segment, Starts, Toronto, Urban
The seasonally adjusted annual rate1 of housing starts reached 196,700 units in February 2010. This is an increase from an annual rate of 185,400 units in January 2010, according to Canada Mortgage and Housing Corporation (CMHC).
Posted by Moishe Alexander
“The gain in February housing starts was concentrated in the multiple starts segment, particularly in Toronto,” said Bob Dugan, Chief Economist at CMHC’s Market Analysis Centre.
The seasonally adjusted annual rate of urban starts increased by 9.0 per cent to 179,100 units in February. Urban multiple starts increased by 19.1 per cent to 89,900 units while single urban starts increased by 0.5 per cent to 89,200 units.
February’s seasonally adjusted annual rate of urban starts increased by 28.6 per cent in Ontario, by 14.3 per cent in Atlantic Canada, by 10.8 per cent in the Prairie region and by 8.0 per cent in British Columbia. In Quebec, the seasonally adjusted annual rate of urban starts decreased by 14.1 per cent.
Posted: March 10, 2010 at 10:33 am | Tags: canada, CMHC, Corporation, Economic, Housing Market, Minister Paradis, Mortgage, Nation, Plan
MONTREAL, QUEBEC, February 5, 2010 — The Government of Canada, through Canada Mortgage and Housing Corporation (CMHC), announced today an investment of $150,000 as part of Canada’s Economic Action Plan to improve housing conditions for Mohawk Communities.
The Honourable Christian Paradis, Minister of Natural Resources, on behalf of the Honourable Diane Finley, Minister of Human Resources and Skills Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC), made the announcement today.
“Our government’s Economic Action Plan is improving housing conditions for those who live in First Nation communities in Quebec. We are also stimulating the local economy by creating jobs,” said Minister Paradis.
Through Canada’s Economic Action Plan, the Government of Canada has committed $400 million over the next two years to help First Nation communities build needed new housing, repair and remediate existing non-profit housing for their members, and complement housing programs offered by CMHC. This investment will also provide an economic stimulus for many First Nations and surrounding areas by creating jobs.
The application calls for the year one (2009/2010) new funding initiatives under Canada’s Economic Action Plan were very successful and generated a large number of applications. As a result, CMHC will be fully allocating all the available funding for the fiscal year.
The year two (2010/2011) application call is now open. Applications for this second round of funding will be accepted between February 1, 2010 and February 22, 2010.
Through Canada’s Economic Action Plan, some $45 million in federal investments will be made available to First Nations in Quebec to address immediate housing needs.
CMHC will allocate $150,000 to retrofit 48 social housing units in Kahnawake and Kanesatake to improve living conditions in these First Nation communities.
Posted by Moishe Alexander the CEO of Canadian Funding Corp .
Posted: November 24, 2009 at 7:47 am | Tags: 725 Wellington Street, Action, Ben Lobb, Bill Goetz, Corporation, Diane Finley, Economic, government, Housing Market, income, Mike Smith, Minister Responsible, Mitchell, MP Lobb, Ontario, Parliament, Saugeen, Warden
Posted by Moishe Alexander
Funding of $2.1 million for 28 new affordable housing rental units for seniors, persons with disabilities, and other low income households was announced today in Port Elgin.
Ben Lobb, Member of Parliament for Huron – Bruce, 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), and Carol Mitchell, Member of Provincial Parliament for Huron – Bruce, on behalf of the Honourable Jim Watson, Ontario’s Minister of Municipal Affairs and Housing; along with Bill Goetz, Warden of the County of Bruce, and Mike Smith, Mayor of the Town of Saugeen Shores made the announcement.
“The Government of Canada is helping Canadians during these tough economic times and giving hope to seniors, persons with disabilities and other low income households who need quality, affordable housing that meets their needs,” said MP Lobb. “This investment is possible through Canada’s Economic Action Plan, the federal government’s plan to stimulate the economy and create jobs during the global recession. For Ontario, this includes a $1.2 billion joint investment.”
“New housing initiatives add significant support to the McGuinty government’s Poverty Reduction Strategy,” said MPP Mitchell. “We will continue to work with our municipal partners to ensure more units are built during the life of this program.”
“Bruce County is very pleased to be able to build affordable housing homes,” said Warden Bill Goetz. “The 28 unit apartment building will help to address the housing needs for residents in Saugeen Shores.”
The Government of Canada wants to ensure that Canadians on fixed incomes can live with independence and dignity and remain in their communities, close to family and friends. Canada’s Economic Action Plan provides $400 million, over two years, to build new rental housing for low-income seniors and persons with disabilities. 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.
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.
Today’s announcement celebrates the funding for 28 new affordable rental units at 725 Wellington Street. The project is sponsored by Bruce County Housing Corporation.