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TORONTO, ONTARIO, September 30, 2016 — The Governments of Canada and Ontario today announced the City of Toronto will be receiving more than $154 million in social infrastructure funding, which doubles the City’s allocation of the Investment in Affordable Housing Agreement and provides targeted support to housing programs for those who need it most in the City of Toronto.

Jean-Yves Duclos, Federal Minister of Families, Children and Social Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC) along with Chris Ballard, Ontario Minister of Housing and John Tory, City of Toronto Mayor, made the announcement today at Regent Park in Toronto.

Quick Facts:

• The Governments of Canada and Ontario each contributed to Toronto’s allocation of Social Infrastructure Funding.
• The funding may be used for a variety of social infrastructure needs such as affordable housing for seniors, building and renovating shelters and transition houses for victims of family violence, addressing repairs and improving energy and water efficiency of existing social housing.
• This is part of a larger investment that will help transform Ontario’s social and affordable housing system to one that is based on client choice, enabling people to live as independently as possible in their community.
• Since 2003, more than $1.2 billion has been provided by the Governments of Canada and Ontario in total assistance for affordable housing in Toronto.

Quotes:

“Our Government is committed to making significant investments in affordable housing here in Toronto and across Canada. We are strengthening Canadian communities and helping create jobs and grow the middle class and those fighting hard to join it. We are providing better places for families, seniors and individuals to live and grow, and building a strong foundation for a sustainable economic future.”
—
Jean-Yves Duclos, Federal Minister of Families, Children and Social Development and Minister Responsible for Canada Mortgage and Housing Corporation

“Ontario is answering the call for better access to affordable housing in Toronto by doubling the City of Toronto’s funding. We’re doing this through our Investment in Affordable Housing program, under the Social Infrastructure Fund. By making targeted investments where they are needed most, we’re ensuring Ontario will continue to be a place where the work of building stronger communities starts at home.”
—
Chris Ballard, Minister of Housing, Ontario

“This is a good first step in addressing the affordable and social housing crisis Toronto is facing, and City Council thanked the other levels of government by accepting the funding at the July council meeting. To make a real difference in the lives of the people of Toronto we need to build on this investment with both the provincial and federal government. Without real partnerships from all levels of government, Toronto will become more and more unaffordable, affecting people of all ages and demographics as well as the social and economic health of our city. We have to keep Toronto affordable for the good of our economy and our residents.”
—
John Tory, Mayor, City of Toronto

Associated Links:

• Canada Mortgage and Housing Corporation (CMHC) has been helping Canadians meet their housing needs for more than 70 years. As Canada’s authority on housing, CMHC contributes to the stability of the housing market and financial system, provides support for Canadians in housing need, and offers unbiased housing research and advice to Canadian governments, consumers and the housing industry. Prudent risk management, strong corporate governance and transparency are cornerstones of CMHC’s operations. For more information, please call 1-800-668-2642 or follow us on Twitter, YouTube, LinkedIn and Facebook.
• Ontario continues to build new affordable housing and repair existing units for Ontarians with housing needs. Since 2003, the province has committed more than $4 billion in funding for affordable housing, which has helped support more than 20,000 new affordable rental housing units, more than 275,000 repairs and improvements to social and affordable housing units and rental and down payment assistance to more than 90,000 households in need. These investments complement the commitments made through Ontario’s recent Long-Term Affordable Housing Strategy update, and support the goal of ending chronic homelessness in 10 years. For more information on Affordable housing in Ontario, visit ontario.ca/affordablehousing.
• Canadians are invited to help shape the National Housing Strategy by joining the conversation on www.LetsTalkHousing.ca. Your ideas will contribute to the future of housing in Canada.

Media Contacts:

Émilie Gauduchon
Press Secretary
Office of Minister Duclos
819-654-5546
Emilie.Gauduchon@hrsdc-rhdcc.gc.ca

Wilbur McLean
Public Affairs
Canada Mortgage and Housing Corporation
416-218-3331
wmclean@cmhc-schl.gc.ca

Laura Gallant
Communications
Ontario Minister of Housing’s Office
416-585-6333
laura.gallant@ontario.ca

Conrad Spezowka
Communications
Ontario Ministry of Housing
416-585-7066
conrad.spezowka@ontario.ca

Backgrounder

Investments in Affordable Housing in Canada

Measures over the next two years to give Canadians greater access to more affordable housing include:

• Doubling of the current IAH funding levels by the Government of Canada and provinces and territories, to more than $1 billion over two years, starting in 2016-2017 and 2017-2018.
• Through the IAH, the Government of Canada is also providing over two years:  
  • $200.1 million to support the construction, repair and adaption of affordable housing for seniors;
• $89.9 million to support victims of family violence, and the construction and renovation of shelters and transition houses; and,
• $177.7 millionⁱ to address the housing needs in the North and Inuit communities.
• $490 million for retrofits and renovations of social housing units in Canada. This funding is in addition to the $77.7 million being delivered by the Government of Canada, through Canada Mortgage and Housing Corporation.

ⁱ Part of this funding will be delivered through Indigenous and Northern Affairs Canada (INAC)

Article source: http://www.cmhc-schl.gc.ca/en/corp/nero/nere/2016/2016-09-30-1300.cfm

TORONTO, September 26, 2016 — The Toronto Real Estate Board, in conjunction with The Regional Municipality of York, is hosting an inaugural Commercial Development Forum in Thornhill on Tuesday, September 27, 2016.

The forum will serve as an opportunity for real estate and planning professionals to discuss ongoing and proposed commercial and residential real estate and economic development, regional and municipal expansion, and supporting infrastructure growth within York Region.

“An open forum on the current state and the future of commercial development in York Region is crucial when coordinating and cooperating on the future of commercial development throughout the Greater Toronto Area. Involving stakeholders from interrelated sectors is where smart planning begins, and is not only welcomed, but necessary,” said Larry Cerqua, President of the Toronto Real Estate Board.

On behalf of York Region Chairman and CEO Wayne Emmerson, City of Markham Mayor Frank Scarpitti will be delivering opening remarks. In addition, each of the York Region local municipalities will be making presentations on their investments in critical infrastructure and services and the future of real estate development.

Also in attendance will be Toronto Real Estate Board President Larry Cerqua, elected municipal officials, senior York Region staff and representatives from the public and private sectors.

“York Region is one of Canada’s fastest-growing communities with nearly 1.2 million people, and the second largest business centre in Ontario with over 50,000 businesses,” said York Region Chairman and CEO Wayne Emmerson. “With ongoing investments in vital services such as our roads, transit and water infrastructure, we hope to create even more commercial real estate opportunities so our regional economy can continue to thrive and expand.”

The event will also feature a development exhibition and networking reception.

The details are as follows:

Le Parc Conference Centre

8432 Leslie Street, Thornhill

8:30am to 11:30am

Article source: http://www.trebhome.com/market_news/release_market_updates/news2016/nr_TREB_York_comm.htm

Pilot Program Increases Affordable Housing Options for Survivors and Their Families

September 9, 2016 — Ontario is launching a Survivors of Domestic Violence Portable Housing Benefit Pilot program in 22 communities across the province to create more affordable housing options for survivors of domestic violence and their families.

The governments of Canada and Ontario are investing more than $20 million over two years to provide ongoing assistance to approximately 1,000 survivors of domestic violence per year under the pilot program.

Currently, survivors of domestic violence are given priority access to rent-geared-to-income social housing. Under the new pilot, those survivors approved under the Special Priority Policy will have the option to receive a portable housing benefit, so that they can immediately find housing in their community instead of waiting for a social housing unit to become available.

Based on the outcomes of the pilot, Ontario will consider ways to enhance the program and extend the portable housing benefit to other communities.

The new investment complements the commitments made through Ontario’s recent Long-Term Affordable Housing Strategy update and It’s Never Okay: Action Plan to Stop Sexual Violence and Harassment. It also supports the province’s goal of ending chronic homelessness in 10 years, and ending violence against women while providing better supports for survivors.

Quotes

“Our Government is committed to working with the Province of Ontario to develop and implement solutions to housing. This new pilot program recognizes the need for local solutions to housing challenges for victims of domestic violence.”
— Jean-Yves Duclos, Minister of Families, Children and Social Development and Minister Responsible for Canada Mortgage and Housing Corporation

“Our government is committed to helping survivors of domestic violence escape unsafe situations. This pilot program is an important step in helping to ensure that survivors fleeing domestic violence can quickly obtain affordable and adequate housing of their choice in their community.”
— Chris Ballard, Ontario’s Minister of Housing

“The safety of those fleeing domestic violence is of paramount importance to our government, and that’s why we are committed to this pilot. Having access to safe, affordable housing is essential to escaping violence for some of our province’s most vulnerable.”
— Dr. Helena Jaczek, Ontario’s Minister of Community and Social Services

Quick Facts

• A portable housing benefit is a subsidy provided to a low-income household to help with housing costs. The subsidy gives a household the freedom to choose where to live, since it is not tied to a specific unit like most rent-geared-to-income social housing.
• The 2016 Ontario Budget announced an investment of $178 million over three years to support the updated Long-Term Affordable Housing Strategy.
• The additional funding for this pilot is part of a larger federal-provincial investment in social infrastructure spending that was announced in June.

Learn More

For more information about CMHC, please call 1-800-668-2642 or follow us on Twitter, YouTube, LinkedIn and Facebook.

Ontario’s action plan to end sexual violence and harassment.

Ontario’s Poverty Reduction Strategy.

Canadians are invited to help shape the National Housing Strategy by joining the conversation on www.LetsTalkHousing.ca. Your ideas will help shape the future of housing in Canada. 

Media Contacts

Laura Gallant
Minister’s Office
416-585-6333

Conrad Spezowka
Communications
416-585-7066

Wilbur McLean
CMHC Public Affairs
416-218-3331

Article source: http://www.cmhc-schl.gc.ca/en/corp/nero/nere/2016/2016-09-14-1400a.cfm

TORONTO, September 8, 2016 — Housing starts in the Toronto Census Metropolitan Area (CMA) trended lower at 42,103 units in August 2016 compared to 43,331 in July 2016 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 housing starts.

“Fewer apartment starts this past August are mainly responsible for a slowdown in the overall Toronto housing starts trend, in what has otherwise been a busy construction year,” said Dana Senagama, CMHC Principal Market Analyst for the GTA. “That said, limited resale listings have resulted in more buyers purchasing pre-construction homes – particularly low-rise units for which building has now begun.”

CMHC uses the trend measure as a complement to the monthly SAAR of housing starts to account for considerable swings in monthly estimates and obtain a complete picture of the state of the housing market. In some situations, analysing only SAAR data can be misleading in some markets, as they are largely driven by the multiples segment of the markets which can be quite variable from one month to the next.

The standalone monthly SAAR was 40,378 units in August, up from 39,846 units in July. The increase was mainly a result of more single-detached and row starts.

The City of Toronto recorded the highest number of starts within the Toronto CMA primarily due to apartment starts. This was followed by the City of Brampton, which had a large number of single-detached and row starts. Next was the City of Markham that had a higher number of apartment units start construction.

Preliminary Housing Starts data is also available in English and French at the following link: Preliminary Housing Starts Tables

As Canada’s authority on housing, CMHC contributes to the stability of the housing market and financial system, provides support for Canadians in housing need, and offers objective housing research and information to Canadian governments, consumers and the housing industry.

Follow us on Twitter, YouTube, LinkedIn and Facebook.

Information on This Release

Media Contact:
Angelina Ritacco
416-218-3320
Cell.: 647-210-7420
aritacco@cmhc.ca

Additional data is available upon request.

Source: CMHC
¹ Census Metropolitan Area
² The trend is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR). By removing seasonal ups and downs, seasonal adjustment allows for comparison of adjacent months and quarters. The monthly and quarterly SAAR and trend figures indicate the annual level of starts that would be obtained if the same pace of monthly or quarterly construction activity was maintained for 12 months. This facilitates comparison of the current pace of activity to annual forecasts as well as to historical annual levels..
Detailed data available upon request

Source: CMHC

Source: CMHC

Article source: http://www.cmhc-schl.gc.ca/en/corp/nero/nere/2016/2016-09-09-0816c.cfm