Affordable Housing
Affordable Housing
CMHC Sails Past Affordable Housing Target By 28% Margin In 2023
Canada Mortgage and Housing Corporation released its 2023 Annual Report this week, revealing that the government agency delivered on 153,708 “new, repaired, or assisted” affordable housing units over the course of last year.
May 08, 2024
Affordable Housing
Fed Up: Liberals Bypass Ford, Send Housing Funds Straight To Ontario Municipalities
The feds are bypassing Doug Ford’s government and sending housing funding straight to Ontario municipalities.
Affordable Housing
10-Storey Affordable Housing Development Proposed For Parkdale
There could be another new addition to Toronto’s perpetually evolving Parkdale neighbourhood.
Affordable Housing
"A Brutal System": Toronto's Affordable Housing Lotteries Need An Upgrade
Since March 2018, when the city began using a lottery system for new affordable housing, it has overseen 18 lotteries, for a total of 858 affordable units. But the current system isn't working for everybody.
‘A Deep-Rooted Focus’: Averton Enters Alberta And Ontario Purpose-Built Rental Markets
"We appreciate that the homes we build, and the communities we develop, are the backdrop to our customers’ everyday experiences," says Averton President and CEO Paul Lanni. "This is something we don’t take for granted, and the pursuit of excellence is what fuels us.”
Affordable Housing
City Files Plans For Milestone ‘Housing Now’ Development In Scarborough Centre
“The proposed development, being advanced as part of the City’s Housing Now program, represents one of the largest affordable housing projects in Ontario in the past 25 years and the province’s largest co-operative housing development.”
Real Estate News
From Bungalow To Fourplex: Missing Middle Or Missing The Point?
While all levels of Canadian government try to develop ways to allow for missing middle projects so many cities are lacking, early examples have some critics asking, 'who exactly will be able to afford this?'
Affordable Housing
Horwath Using 'Strong Mayor Powers' To Turn Hamilton Parking Lot Into Housing
Ontario’s mayors haven’t been shy to use their new(ish) strong mayor powers – and Andrea Horwath is no exception.
Development Projects
City Proposing Four-Tower Rental Community At Bloor-Islington ‘Housing Now’ Site
Pending zoning permissions, the site would accommodate a multi-tower rental and condo development with over 1,400 residential units.
Real Estate News
Ontario Liberals Push For Fourplexes Province-Wide In Proposed Housing Bill
MPP Adil Shamji tabled the BUILD Ontario Act on Tuesday, which draws from Ontario’s Housing Affordability Taskforce from 2022.
Affordable Housing
BC Gov Announces 17 New Rental Projects Via Community Housing Fund
The Province created the Community Housing Fund in 2018 and the 17 projects announced on Tuesday come as part of the program's third intake.
Affordable Housing
'Mortgage Madness': GTA Developer Will Cover First Two Years Of Payments
Camrost Felcorp is offering a limited-time purchase incentive, wherein the developer will carry two years of mortgage payments at three of their hottest pre-con projects.
Development Projects
Hundreds Of Federally Funded Rental Units Break Ground In Etobicoke
Valhalla Village is the first ground-up, purpose-built housing development from the KingSett Affordable Housing Fund.
Development Projects
City Announces Development Partners For Huge Affordable Housing Project
Civic Developments, Windmill Developments and Co-operative Housing Federation will team up with the City of Toronto's real estate arm, CreateTO, for a three-building housing project at 2444 Eglinton Avenue East.
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