Share Housing starts rebounded in the second half of 2009, and it is expected to strengthen in 2010 according to Canada Mortgage and Housing Corporation’s (CMHC) first quarter Housing Market Outlook, Canada Edition. In 2009, there was a total of 149,081 units, housing starts are expected to be in the range of 152,000 to 189,300 [...]
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 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 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 92 units of supportive housing is now open at the Lux in Vancouver’s Downtown Eastside for people who are dealing with addictions, mental health and at risk of homelessness. This was made possible by funding from federal, provincial and community partners. The federal government, through Canada Mortgage and Housing Corporation (CMHC) has provided a [...]
Share September seemed like the best month for southern Alberta residents. The area’s homebuilders had a lot of work to do throughout the month. Local builders started 58 homes in Lethbridge last month; this is 58% ahead of September 2008. Their multi-family projects showed there is even stronger growth, that is to say the 23 [...]
