Share On January 20th, mortgage loan insurance policies to facilitate the financing of student housing in Canada was announced for the Canada Mortgage and Housing Corporation (CMHC). The Government of Canada will help finance loans of up to 85% of the lending value for the construction, purchase or refinancing of housing that has been purposely [...]
Share The seasonally adjusted annual rate of housing starts has reached 186,300 units in January 2010. This is an increase from the annual rate seen in December 2009, where it was 176,100 according to the Canada Mortgage and Housing Corporation (CMHC). According to final figures, the actual housing starts for 2009 totalled 148,081 units, with [...]
Share Canada Mortgage and Housing Corporation (CMHC) announced 22 new grants to improve housing affordability got Canadians. These grants total $99,700 and shall be awarded under CMHC’s Affordability and Choice Today (ACT) Initiative. ACT has been in operation since 1990, and it provides grants of up to $5,000 to teams of municipalities and private or [...]
Share The seasonally adjusted annual rate of housing starts has reached 174,500 units in December 2009. This is an increase from the annual rate seen in November 2009, where it was 176,100 according to the Canada Mortgage and Housing Corporation (CMHC). Actual housing starts for 2009 shall be verified and reported in the January edition [...]
Share The Canadian Real Estate Association (CREA) has revised its forecast for home sales for the year bringing it upward, and it is now citing better economic conditions. CREA forecasts 527,300 sales this year, up 13.3% from 2009 levels. The previous forecast called for a 7% increase. The national average home price is forecast to [...]
Share Canada Mortgage and Housing Corporation (CMHC) released their monthly Housing Outlook report on December 8th, 2009. Last month, we saw 11 single family homes had started in the city of Edmonton, with the number this yea being 297, it is a huge increase. For the year as a whole, single family home starts are [...]
Share The Government of Canada has announced today that the Town of Cape St. George has been approved for 2 infrastructure loans as part of Canada’s Economic Action Plan. The Town of Cape St. George has been approved for more than $230,000 in low-cost loans from the Canada Mortgage and Housing Corporation (CMHC) Municipal Infrastructure [...]
