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: 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.
Posted: November 24, 2009 at 7:44 am | Tags: 89 ½ Fairview Avenue, Affordable, canada, community, Diane Finley, government, Housing Market, Mayor Cliff Barwick, Ontario, Parliament, project, St. Thomas, St.Thomas, St. Thomas, Steve Peters
Posted by Moishe Alexander
The Government of Canada, the Government of Ontario, and the City of St.Thomas celebrated the start of construction of 12 affordable rental units in two housing developments. The developments are supported by over $924,000 in funding through the Canada – Ontario Affordable Housing Program.
Joe Preston, Member of Parliament for Elgin – Middlesex – London, 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 Steve Peters, Member of Provincial Parliament for Elgin – Middlesex – London on behalf of the Government of Ontario; along with Cliff Barwick, Mayor of St.Thomas, made the announcement.
“This is great news for families in St.Thomas,” said MP Preston. “These new apartments will provide suitable, affordable housing for deserving families, and create jobs in our community.”
“New housing initiatives add significant support to the provincial government’s efforts to reduce poverty,” said MPP Peters. “The Government of Ontario will continue to work with its federal and municipal partners to ensure new affordable housing units are built during the life of this program.”
Today’s announcement recognized two affordable housing projects funded through the two-year extension of the Canada – Ontario Affordable Housing Program:
- Funding of $480,000 for a six-unit affordable housing project for low-income households at 89 ½ Fairview Avenue.
- Funding of $444,000 for a six-unit affordable housing project for low-income households at 5 Park Avenue.
“The City of St. Thomas is very grateful to the federal and provincial governments for providing financial assistance under the Canada – Ontario Affordable Housing Program,” said Mayor Cliff Barwick. “This new apartment building will provide much-needed affordable housing for twelve families in the community.”
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.