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Stories Tagged - CMHC
News
Feb. 27, 2013 | CREBNow
Prairie Housing Starts Ahead
According to Canada Mortgage and Housing Corporation's (CMHC) first quarter 2013 Housing Market Outlook, Prairie Highlights, housing starts are expected to moderate this year before seeing increases in 2014.
Starts in the Prairie provinces (Alberta, Saskatchewan, Manitoba) are projected to hit 47,200 this year before increasing to 47, 800 in 2014. Residential construction in the prairie region increased from 38,818 to 50,606 between 2011 and 2012, a 30 per cent increase.
Starts in the Prairie provinces (Alberta, Saskatchewan, Manitoba) are projected to hit 47,200 this year before increasing to 47, 800 in 2014. Residential construction in the prairie region increased from 38,818 to 50,606 between 2011 and 2012, a 30 per cent increase.
News
Feb. 21, 2013 | Cody Stuart
Calgary Housing Starts 'Stable'
Housing starts in the Calgary Census Metropolitan Area (CMA) were trending at 11,622 units in January, according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of total housing starts.
"The trend in total housing starts has been relatively stable in Calgary over the last four months, as a rising pace of single-detached construction has offset a moderation in multi-family starts," said Richard Cho CMHC's Senior Market Analyst for Calgary.
"The trend in total housing starts has been relatively stable in Calgary over the last four months, as a rising pace of single-detached construction has offset a moderation in multi-family starts," said Richard Cho CMHC's Senior Market Analyst for Calgary.
News
Jan. 31, 2013 | CREBNow
Government Announces Lending Changes for Social Housing Projects
The Government of Canada has announced changes to the Canada Mortgage and Housing Corporation's (CMHC) lending programs supporting existing social housing projects.
The Government — effective immediately — will be accepting the prepayment of closed CMHC mortgages with a yield maintenance prepayment penalty consistent with private lending institutions for eligible existing social housing projects that require capital repairs and renovations.
The Government — effective immediately — will be accepting the prepayment of closed CMHC mortgages with a yield maintenance prepayment penalty consistent with private lending institutions for eligible existing social housing projects that require capital repairs and renovations.