Posts Tagged ‘Provinces’

Posted by Moishe Alexander

Total housing starts in New Brunswick are expected to see a
moderate rebound to 3,525 units in 2010 following a decline to 3,400 units in 2009, according to
Canada Mortgage and Housing Corporation’s (CMHC) Housing Market Outlook released today.
“Following an expected reduction in MLS® sales and residential construction throughout 2009, a
moderate increase in activity is expected next year in New Brunswick,” said Claude Gautreau,
CMHC’s senior market analyst for New Brunswick. Although housing activity has diminished in
2009, economic fundamentals in the province remain strong, highlighted by historically high
employment levels. These conditions are expected to persist over the forecast period.
In New Brunswick’s three large urban areas – Saint John, Moncton and Fredericton – residential
starts will trail last year’s pace to the end of the year, followed by a moderate rebound in 2010.
The existing home market is expected to follow the same general trend with stronger price
growth next year and increased sales.
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.
CMHC also provides reliable, impartial and up-to-date housing market reports, analysis and
knowledge to support and assist consumers and the housing industry in making vital decisions.

Posted by Moishe Alexander
A major renovation and retrofit has been completed on one of the most important community buildings in Yellowknife. More than $495,000 was provided by the Governments of Canada and the Northwest Territories to complete an extensive energy retrofit on the Northern United Place (NUP).

The funding was made available through Canada’s Economic Action Plan, the federal government’s plan to stimulate the economy and create jobs during the global recession. 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. The federal and territorial governments are contributing equally to this overall investment of $110 million under the amended Canada – Northwest Territories Affordable Housing Program Agreement.

The Government of Canada wants to improve the quality of existing social housing for low-income seniors, single parent families, recent immigrants and Aboriginal households. Canada’s Economic Action Plan provides $850 million under the Affordable Housing Initiative to provinces and territories for the renovation and retrofit of existing social housing.

The renovation and energy retrofits undertaken on Northern United Place are expected to extend the life of a building that is essential to Northwest Territories residents. The project included the installation of a new boiler system, new siding, and window replacements.

The Honourable Diane Finley, Minister of Human Resources and Skills Development Canada and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC); and the Honourable Robert McLeod, Minister Responsible for the Northwest Territories Housing Corporation, made the announcement today.

“This renovation and retrofit project will improve the quality of life for residents by keeping their homes safe and affordable,” said Minister Finley. “It is also a good way to get the local economy moving because it puts construction workers and trades people to work quickly.”

“Northern United Place is one of the most important buildings in Yellowknife. It is more than a housing facility. It is where northerners attend Aurora College to become nurses, teachers, business people and community leaders. It also serves as a gathering place for public events, community presentations, and church services. I am pleased that our investment in the building will extend the useful life of this important community facility”, said the Honourable Robert C. McLeod, Minister Responsible for the Northwest Territories Housing Corporation.

“Through the Affordable Housing Initiative and the matching contributions of the GNWT, the Northwest Territories Housing Corporation looks forward to continuing its partnership with the Government of Canada to improve the quality of housing throughout the Northwest Territories.”

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.

Posted by Moishe Alexander

HAMPTON, N.B., August 17, 2009 — Thirty-two new apartments for low-income seniors were officially opened today by the provincial and federal governments. The new Hampton-based units are funded under Phase III of the Canada – New Brunswick Affordable Housing Agreement.

New Brunswick Social Development Minister Kelly Lamrock, who is also Minister Responsible for Housing, and Fundy Royal Member of Parliament Rob Moore, who is also Parliamentary Secretary to the Minister of Justice, made the announcement at Ossekeag Place of Hampton United Church today.

“We are pleased to work in cooperation with our partners to provide high-quality, affordable homes for low-income seniors in the Hampton area,” said Minister Lamrock. “Affordable housing is part of this government’s efforts to help our seniors be active and healthy members of local communities.”

The $3.5-million project at 25 Robb Ct. was completed in August 2009.

The housing units were developed by Ossekeag Place of Hampton United Church Inc, a non-profit corporation. The project received $480,000 in funding under the Federal Affordable Housing Trust to offset construction costs, as well as close to $700,000 in rent supplements from the Province of New Brunswick for 16 of the 32 units.

In addition, the project received SEED funding through CMHC to assist during the initial planning stages.

“The Government of Canada is committed to making affordable housing available in New Brunswick and across Canada for those who need it most,” said Mr. Moore. “This project will help seniors access safe and suitable housing, and build a stronger future for themselves.”

MP Moore spoke on behalf of Diane Finley, Minister of Human Resources and Skills Development Canada, and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC).

Funding is available to private non-profit organizations, co-operatives, and community or private developers interested in developing projects for low- to moderate-income families, seniors, non-elderly singles, disabled persons and persons with special needs.

Ossekeag Place of Hampton United Church was also built to high energy-efficiency standards, and involved consultation with Efficiency NB. Builders of affordable housing projects for low-income individuals may receive an incentive of $2,000 per apartment unit if the building is heated by low greenhouse gas emission technologies as approved by Efficiency NB.