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January 25, 2010

CMHC Helps to Improve Housing Affordability and Choice

OTTAWA, January 25, 2010 — Canada Mortgage and Housing Corporation (CMHC) today announced 22 new grants to improve housing affordability for Canadians. The grants, totalling $99,700, are being awarded under CMHC’s Affordability and Choice Today (ACT) Initiative.

“CMHC is pleased to support the many municipalities, home builders and non-profit housing providers working to develop local housing solutions that will benefit the economy and revitalize communities across the country,” said Douglas Stewart, Vice President, Policy and Planning of CMHC.

In operation since 1990, ACT provides grants of up to $5,000 to teams of municipalities and private or non-profit home builders who promote the improvement of planning and building regulations in their communities to make housing more affordable and responsive to local needs. ACT also offers a wealth of proven best practices and lessons learned so that communities can benefit from the innovations of others.

Please click HERE for the complete article.


BREAKING NEWS

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July 28, 2010
Those looking for signs of a double-dip recession will likely have trouble finding them in the coming week, analysts say.
July 21, 2010

OTTAWA – The Bank of Canada today announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 3/4 per cent. The Bank Rate is correspondingly 1 per cent and the deposit rate is 1/2 per cent.

July 7, 2010
Calgary house prices remained strong in the second quarter compared to the same period in 2009, but they are expected to decrease slightly over the remainder of the year, according to the Royal LePage House Price Survey released today.
June 30, 2010
Despite worries about the rise of household debt in Canada, a CIBC World Markets report says the rate of growth has recently slowed down.

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