E.B.Dungey Realty Ltd. Brokerage

TORONTO, April 25, 2017 — Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported a double-digit annual increase in condominium apartment sales in the first quarter of 2017.  A total of 7,251 condominium apartments changed hands through TREB’s MLS® System during the first three months of 2017 – up 21.7 per cent compared to the same period in 2016.

Over the same period of time, the number of new condominium apartment listings entered into the MLS® System was down by 18.8 per cent to 9,036 compared to 11,123 new listings a year earlier.

“Condominium apartments have historically been the housing type of choice for many first-time buyers due to the relatively lower price point compared to ground-oriented housing options.  Given that more than half of intending home buyers are expected to be first-time buyers in 2017, according to a recent Ipsos poll conducted for TREB, it makes sense that demand for this housing type has remained strong,” said Mr. Cerqua.

The average selling price for condominium apartments in the first quarter of 2017 was $489,551 – up 24.3 per cent compared to an average of $393,858 for the first quarter of 2016.  The average price was highest in the City of Toronto, at $521,842, representing a year-over-year increase of 24.3 per cent.

“Market conditions became much tighter in the condominium apartment segment over the past year, with sales accounting for a greater share of listings.  As competition between buyers increased further, the pace of price growth accelerated,” said Jason Mercer, TREB’s Director of Market Analysis.

Article source: http://www.trebhome.com/market_news/release_market_updates/news2017/nr_condo_report_Q1-2017.htm

BRANTFORD, ON, April 18, 2017 — The governments of Canada and Ontario announced funding for improving and preserving the quality of dedicated supportive housing in the province. This funding will help ensure the long-term structural sustainability of social housing developments.

The Honourable Dr. Helena Jaczek, Ontario’s Minister of Community and Social Services, made the announcement today with a representative from Canada Mortgage and Housing Corporation (CMHC) at Brantwood Community Services in Brantford.

Quick facts:

• The governments of Canada and Ontario contributed more than $4.1 million, which will go to more than 160 projects operated by 46 community agencies across Ontario.
• These improvements are being made to housing that is dedicated to individuals requiring support services to live independently in the community.
• All of the projects are minor capital investments in renovation, retrofit and repair of dedicated supportive housing units.
• Upgrades to be completed as part of this announcement include increasing facility accessibility, energy efficiency improvements, roof replacements, among many other initiatives.

Quotes:

“Our Government is providing Canadians not only with safe, affordable housing, but is also working hard to strengthen our communities. These new investments are another example of our Government’s commitment toward ensuring that victims of domestic violence are able to enjoy a safe and stable environment.”
— Jean-Yves Duclos, Minister of Families, Children and Social Development and Minister Responsible for Canada Mortgage and Housing Corporation

“This funding allows us to make critical investments, to retrofit and upgrade housing that some of Ontario’s most vulnerable live in. These renovations help agencies provide better services, which means residents will be able to live in safer, more secure, accessible, and energy-efficient homes.”
— Dr. Helena Jaczek, Minister of Community and Social Services

“On behalf of Brantwood Community Services, our Board of Directors and all the Individuals we support, I would like to express our sincere thanks to the Ministry of Community and Social Services, the Federal and Provincial governments for the funding we received today. The funds will provide new flooring at 2 group homes and 23 X-Y ceiling lifts at four group homes. The lifts and new floors will improve accessibility by providing individuals who use wheelchairs safe access to all areas of their homes.”
— Jo-Anne Link, Executive Director, Brantwood Community Services

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.
• Investing in dedicated supportive housing is part of Ontario’s plan to create jobs, grow the economy and help people in their everyday lives. Since 2003, the province has committed more than $5 billion in funding for affordable housing, which has helped support more than 22,000 new affordable rental housing units, more than 335,000 repairs and improvements to social and affordable housing units and rental and down payment assistance to more than 93,000 households in need. These investments complement the commitments made through Ontario’s recent Long-Term Affordable Housing Strategy update, and support the province’s goal of ending chronic homelessness by 2025. For more information on affordable housing in Ontario, visit ontario.ca/affordablehousing.

Stay connected:

• Follow us on Twitter, YouTube, LinkedIn and Facebook.
• Follow Ontario’s Ministry of Community and Social Services on Twitter.

Media contacts:

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

Lyndsay Miller
Senior Communications Advisor Issues Manager
Office of Minister Jaczek
416-325-5572
Lyndsay.Miller@ontario.ca

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

Kristen Tedesco
Communications
Ministry of Community and Social Services
416-325-5178
Kristen.Tedesco@ontario.ca

Article source: http://www.cmhc-schl.gc.ca/en/corp/nero/nere/2017/2017-04-18-1100.cfm

TORONTO, April 20, 2017 — Toronto Real Estate Board CEO John DiMichele has released a statement in response to the new measures announced today by the Ontario Government for homebuyers and renters.

“The Toronto Real Estate Board is encouraged that all levels of government are making the state of the housing market a priority; however, TREB strongly believes that public policy decisions with regard to the housing market should be evidence-based and supported by empirical data. In this regard, it is not clear that the issues targeted by the policies announced today are fully understood at this point, nor is it clear how effective these policies will be, or if they will have unintended outcomes.

TREB continues to believe that more empirical evidence is needed to fully understand the issues that governments are attempting to address. TREB has participated in discussions with policy makers and has taken the initiative to conduct research that has contributed valuable data, and we will continue to do so.

With regard to REALTOR practices as it relates to the home bidding process or representation of sellers and buyers, TREB welcomes a review of the Real Estate and Business Brokers Act, which REALTORS are currently obligated to comply with and is administered by the Real Estate Council of Ontario (RECO). The rules are specific in terms of what REALTORS are required to do and TREB Members follow the rules as set out by REBBA and RECO.” – John DiMichele, TREB CEO 

Government Announcement: https://news.ontario.ca/opo/en/2017/04/making-housing-more-affordable.html

Article source: http://www.trebhome.com/market_news/release_market_updates/news2017/nr_new_housing_measures_042017.htm

PETERBOROUGH, ON, April 21, 2017 — A grand opening ceremony was held today for new affordable rental homes in Peterborough.

The Mount Community Centre is a community hub with an affordable housing element. The facility, at 1545 Monaghan Road in Peterborough, received $600,000 for six of its affordable housing units. These units will ensure more Peterborough residents have a safe, affordable place to call home.

Maryam Monsef, Member of Parliament for Peterborough-Kawartha, on behalf of the Honourable Jean-Yves Duclos, Minister of Families, Children and Social Development and Minister Responsible for Canada Mortgage and Housing Corporation, along with Jeff Leal, Member of Provincial Parliament for Peterborough, on behalf of the Honourable Chris Ballard, Ontario’s Minister of Housing and the Minister Responsible for the Poverty Reduction Strategy, were on hand for the announcement. Peterborough Mayor Daryl Bennett also spoke at the event.

The event also celebrated several other affordable housing developments in the Peterborough and Kawartha Lakes regions, all of which received funding through the Canada-Ontario Investment in Affordable Housing agreement, including:

• Affordable housing at 6-8 Lindsay Street North in Lindsay, where a total of $2.59 million was invested in 20 units.
• Twenty-eight affordable housing units at 555 Bonaccord Street in Peterborough, which received a total of $1.5 million in joint funding.
• The Brock Mission men’s shelter at 217 Murray Street in Peterborough, which received more than $1.5 million in funding for 15 units.
• 732 and 736 Jane Street in Peterborough, which received $1 million in federal and provincial funding for eight units of affordable housing.
• Ten affordable housing units at 1 Parkside Street in the City of Kawartha Lakes, which received $1 million.
• 188 Edinburgh Street in Peterborough, which received $850,000 for 28 units.
• The Knox Residence in Peterborough, which received $470,000 for 11 IAH funded units in a 41 unit affordable rental housing building.
• A Habitat for Humanity building, which received $300,000 for four affordable housing units at 135 Rubidge Street in Peterborough.
• Four units at 342 Downie Street in Peterborough, which received $230,000 in joint funding.

Quick facts:

• The Mount Community Centre is in a building formerly owned by the Sisters of St. Joseph. Many of the historical aspects of the building have been maintained.
• Future plans for The Mount Community Centre include community gardens, a performing arts space and other public uses.
• The City of Peterborough contributed more than $2.41 million to The Mount Community Centre and the County of Peterborough contributed more than $1 million to The Mount Community Centre

Quotes:

“Our Government is committed to working with Ontario to develop and implement local solutions for housing. Having a safe, affordable home is a fundamental building block for healthy communities and personal success. These investments are helping Ontarians access safe and affordable housing that meets their needs.”
— Maryam Monsef, Member of Parliament for Peterborough-Kawartha and Minister for Status of Women

“Every person deserves a place to call home. It provides stability and lets them focus on other aspects of their lives – from their job, to spending time with their family and getting involved in their community. These investments in affordable housing promise a strong future for our entire region.”
— Jeff Leal, Member of Provincial Parliament for Peterborough and Minister of Agriculture and Food and Rural Affairs

“The availability of stable, safe and affordable housing is essential to the quality of life for individuals and families in the Peterborough Region and to the strength of our local economy. The Investment in Affordable Housing projects celebrated today represent 144 new units in the City of Peterborough, thanks to funding from the provincial and federal governments as well as approximately $6 million in contributions through incentives and waived fees from the municipality.”
— Daryl Bennett, Mayor of the City of Peterborough

“The Mount Community Centre was able to proceed with building the 43 apartments in Phase 1 with financial support from: the City of Peterborough; the Province of Ontario and the Government of Canada. With this support we are providing safe, clean affordable housing for individuals and families.”
— Steve Kylie, Chair of the Board of Directors for The Mount Community Centre

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.
• Investing in affordable housing programs is part of Ontario’s plan to create jobs, grow the economy and help people in their everyday lives. Since 2003, the province has committed more than $5 billion in funding for affordable housing, which has helped support more than 22,000 new affordable rental housing units, more than 335,000 repairs and improvements to social and affordable housing units and rental and down payment assistance to more than 93,000 households in need. These investments complement the commitments made through Ontario’s recent Long-Term Affordable Housing Strategy update, and support the province’s goal of ending chronic homelessness by 2025. For more information on affordable housing in Ontario, visit ontario.ca/affordablehousing.

Stay connected:

• Follow us on Twitter, YouTube, LinkedIn and Facebook.
• Follow Ontario’s Ministry of Community and Social Services on Twitter.

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

Theresa Lubowitz
Senior Communications Advisor
Office of Minister Ballard
416-585-7647
theresa.lubowitz@ontario.ca

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

Article source: http://www.cmhc-schl.gc.ca/en/corp/nero/nere/2017/2017-04-21-1045.cfm

TORONTO, ON, April 19, 2017 — The governments of Canada and Ontario announced funding for the North York Women’s Shelter, a women’s shelter serving the Toronto community since 1984. This funding will allow the agency to construct a new shelter that will include 30 beds to provide continued support and improved services to women and children who are survivors of domestic violence.

Michael Levitt, Member of Parliament for York Centre, on behalf of the Honourable Jean-Yves Duclos, Minister of Families, Children and Social Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC), along with the Honorable Dr. Helena Jaczek, Ontario’s Minister of Community and Social Services, made the announcement.

Quick facts:

• The governments of Canada and Ontario contributed $8.8 million to the North York Women’s Shelter for this redevelopment.
• North York Women’s Shelter has served an average of 127 women and children each year for the past three years.
• The shelter’s services include individualized counselling, group counselling, employment skills training, life coaching and programming for children.
• The new facility will be built on “designed for health” principles, with a flexible and responsible state-of-the-art innovative green facility.

Quotes:

“The peace of mind that comes with having a secure and stable home is invaluable. Thanks to the combined efforts of our partners, we are able to give a helping hand to women in need, and in doing so, we are contributing to their economic and social well-being.”
— Michael Levitt, Member of Parliament for York Centre

“For women who have experienced violence, a shelter is often the first step to rebuilding their lives. This investment in North York Women’s Shelter is another example that illustrates the Ontario government’s commitment to investing in services that help women and their children that have experienced domestic violence.”
— Hon. Dr. Helena Jaczek, Ontario Minister of Community and Social Services

“On this important day, we deeply thank the Federal and Provincial governments, our local community of support and the hardworking staff of North York Women’s Shelter. In the last 33 years, NYWS has provided a place of safety and support for over 11,000 women and children. As our understanding of violence against women continues to evolve, we recognize that our response as both an organization and a society must become more complex, evidence-based and holistic. This significant investment means that this critical dream can be reality.”
— Mohini Datta-Ray, Executive Director, North York Women’s Shelter

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.

• Investing in a bigger and better North York Women’s Shelter is a part of the Ontario government’s vision to ensure that everyone in the province can live in safety, free from the threat, fear or experience of exploitation and violence, and supports its goal of ending violence against women and, and also supports the government’s It’s Never Okay: An Action Plan to Stop Sexual Violence and Harassment.

Stay connected:

• Follow us on Twitter, YouTube, LinkedIn and Facebook.
• Follow Ontario’s Ministry of Community and Social Services on Twitter.

Media contacts:

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

Lyndsay Miller
Senior Communications Advisor Issues Manager
Office of Minister Jaczek
416-325-5572
Lyndsay.Miller@ontario.ca

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

Takiyah Tannis
Communications
Ministry of Community and Social Services
416-325-0216
Takiyah.Tannis@ontario.ca

Article source: http://www.cmhc-schl.gc.ca/en/corp/nero/nere/2017/2017-04-19-1400.cfm

OTTAWA, ONTARIO, April 7, 2017 — The governments of Canada and Ontario announced funding for Nelson House, a women’s shelter serving the Ottawa community since 1992. This funding will allow the agency to construct a new shelter that will include 20 beds to provide continued support and improved services to women and children who are survivors of domestic violence.

Anita Vandenbeld, Member of Parliament for Ottawa West – Nepean, on behalf of the Honourable Jean-Yves Duclos, Minister of Families, Children and Social Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC), along with the Honourable Dr. Helena Jaczek, Ontario’s Minister of Community and Social Services, made the announcement.

Quick facts:

• The governments of Canada and Ontario contributed $5.3 million to Nelson House.
• Nelson House serves approximately 120 women and children each year.
• The existing 15-bed Nelson House shelter will be replaced with a new, 10,000 square foot, 20-bed facility that is accessible and provides a private, quiet and supportive space for women and their children.
• The new facility will be more than twice the size of the existing facility and allow for activities, meetings, and improved and expanded on-site services.
• These additional beds in the City of Ottawa will result in fewer women and children having to access less than ideal arrangements when shelters like Nelson House are at capacity.

Quotes:

“The peace of mind that comes with having a secure and stable home is invaluable. Our investment in Nelson House is another example of our Government’s commitment toward ensuring that survivors of domestic violence are able to enjoy a safe and stable environment.”
— Anita Vandenbeld, Member of Parliament for Ottawa West – Nepean

“Nelson House provides a lot more than just a roof. It provides a safe place to live for dozens of women and their children fleeing domestic violence every year. Residential security – a place to call home – is a source of dignity with benefits that radiate to a family and the whole community.”
— Chandra Arya, Member of Parliament for Nepean

“I am very pleased to be able to announce this critical funding for Nelson House. I know this new space will offer a more modern, safe and secure place to help women and their children rebuild their lives, free of violence.”
— Hon. Dr. Helena Jaczek, Ontario Minister of Community and Social Services

“It’s been a pleasure working with Nelson House and their committed staff and volunteers, and I am very pleased that all levels of government have been able to work together to provide this funding for a new Nelson House to be built.”
— Bob Chiarelli, MPP for Ottawa West-Nepean

“This year is the 25^th anniversary of Nelson House providing safe shelter, advocacy and support for women and their children fleeing violence. Our shelter is grateful to the Federal and Provincial Government for providing us with this funding to build a new, purpose built shelter with increased capacity and space for programming, fitness, counselling, quiet meditation, play, homework and relaxation. We are so happy to have this opportunity to provide a safe shelter that will benefit women and children for years to come.”
— Keri Lewis, Executive Director, Nelson House

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.
• Investing in a bigger and better Nelson House is a part of the Ontario government’s vision to ensure that everyone in the province can live in safely, free from the threat, fear or experience of exploitation and violence, and supports its goal of ending violence against women and, and also supports the government’s It’s Never Okay: An Action Plan to Stop Sexual Violence and Harassment.

Stay connected:

• Follow CMHC on Twitter, YouTube, LinkedIn and Facebook.
• Follow Ontario’s Ministry of Community and Social Services on Twitter.

Media contacts:

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

Lyndsay Miller
Senior Communications Advisor Issues Manager
Office of Minister Jaczek
416-325-5572
Lyndsay.Miller@ontario.ca

Dean D’Souza
Public Affairs
Canada Mortgage and Housing Corporation
416-250-2760
ddsouza@cmhc-schl.gc.ca

Takiyah Tannis
Communications
Ministry of Community and Social Services
416-325-0216
Takiyah.Tannis@ontario.ca

Article source: http://www.cmhc-schl.gc.ca/en/corp/nero/nere/2017/2017-04-07-1245.cfm

TORONTO, April 5, 2017 — Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported 12,077 residential sales through TREB’s MLS® System in March 2017.  This result represented a 17.7 per cent increase compared to the 10,260 sales reported in March 2016.  For the TREB market area as a whole, annual sales growth was strongest for condominium apartments and detached houses.

The number of new listings also increased on a year-over-year basis, at 17,051 – a 15.2 per cent increase compared to March 2016.  The strongest growth in new listings was experienced in the detached market segment.  While new listings were up strongly compared to last year, the rate new listings growth was still lower than the rate of sales growth. As a result, GTA market conditions continued to tighten.

“It has been encouraging to see that policymakers have not implemented any knee-jerk policies regarding the GTA housing market.  Different levels of government are holding consultations with market stakeholders and TREB has participated and will continue to participate in these discussions.  Policy makers must remember that it is the interplay between the demand for and supply of listings that influences price growth,” said Mr. Cerqua.

Strong competition between buyers continued to cause high levels of price growth in all major market segments.  The MLS® Home Price Index (HPI) Composite Benchmark Price was up by 28.6 per cent year-over-year.  For the TREB market area as a whole, the average selling price was up by 33.2 per cent, with similar annual rates of growth in the low-rise and condominium apartment segments.

“Annual rates of price growth continued to accelerate in March as growth in sales outstripped growth in listings.  A substantial period of months in which listings growth is greater than sales growth will be required to bring the GTA housing market back into balance.  As policy makers seek to achieve this balance, it is important that an evidence-based approach is followed,” said Jason Mercer, TREB’s Director of Market Analysis.

Article source: http://www.trebhome.com/market_news/release_market_updates/news2017/nr_market_watch_0317.htm

KINGSTON, ON, March 31, 2017 — The Governments of Canada and Ontario along with the City of Kingston are celebrating the official opening of new housing at 40 Cliff Crescent. This facility will provide Kingston families and individuals with a safe, affordable place to call home.

Mark Gerretsen, Member of Parliament for Kingston and the Islands, on behalf of the Honourable Jean-Yves Duclos, Minister of Families, Children and Social Development and Minister Responsible for Canada Mortgage and Housing Corporation, along with Sophie Kiwala, Member of Provincial Parliament for Kingston and the Islands, on behalf of the Honourable Chris Ballard, Ontario’s Minister of Housing and the Minister Responsible for the Poverty Reduction Strategy, and Liz Schell, Councillor for the City of Kingston, were on site for the announcement.

Quick facts:

• The Kingston and Frontenac Housing Corporation received $697,966 in joint federal-provincial funding for 40 Cliff Crescent through the Canada-Ontario Investment in Affordable Housing (IAH) agreement.
• 40 Cliff Crescent includes features such as modern finishes, balconies for a portion of units, enhanced wood-framed construction soundproofing between units, and indoor secure bicycle parking.
• As part of Kingston’s Rideau Heights Regeneration Strategy, the project includes the relocation of 10 rent-geared-to-income units from Kingston’s Rideau Heights neighbourhood which includes an existing concentration of social housing units.
• Tipi Moza in Kingston also received $587,000 in joint federal-provincial funding to assist with a number of Tipi Moza’s affordable, culturally appropriate, not-for-profit homes for Indigenous peoples in Kingston.
• The City of Kingston provided $1.1 million in funding for the development of 40 Cliff Crescent.

Quotes:

“The peace of mind that comes with having a secure and stable home is invaluable. This is why our Government is glad to be involved in the creation of these 29 new units which will provide families and individuals in Frontenac County with affordable and quality housing while supporting the local economy.”
— Mark Gerresten, Member of Parliament for Kingston and the Islands

“We are proud to support affordable housing developments that help individuals and families in our community. This is a wonderful example of how, when all levels of government work together to foster community-based solutions, everyone in the Kingston area benefits.”
— Sophie Kiwala, MPP, Kingston and the Islands

“Providing families and individuals with safe, affordable housing in our community is vital. This investment coupled with the city’s investment will go a long way to continuing to provide residents with housing options through rent-geared-to-income units as well as market rate units.”
— Bryan Paterson, Mayor, City of Kingston

“The Kingston Frontenac Housing Corporation is pleased to have again partnered with the City of Kingston, Province of Ontario, and Government of Canada to create new affordable housing options within the Kingston community. Without these contributions important projects like this would not be possible.”
— Mary Lynn Cousins Brame, CEO, Kingston Frontenac Housing Corporation

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.
• Investing in affordable housing programs is part of Ontario’s plan to create jobs, grow the economy and help people in their everyday lives. Since 2003, the province has committed more than $5 billion in funding for affordable housing, which has helped support more than 22,000 new affordable rental housing units, more than 335,000 repairs and improvements to social and affordable housing units and rental and down payment assistance to more than 93,000 households in need. These investments complement the commitments made through Ontario’s recent Long-Term Affordable Housing Strategy update, and support the province’s goal of ending chronic homelessness by 2025. For more information on affordable housing in Ontario, visit ontario.ca/affordablehousing.

Stay connected:

Follow CMHC on Twitter, YouTube, LinkedIn and Facebook.

Follow Ontario’s Ministry of Housing on Twitter.

Media contacts:

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

Laura Gallant
Press Secretary
Office of Minister Ballard
416-585-6333
laura.gallant@ontario.ca

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

Conrad Spezowka
Communications
Ministry of Housing
416-585-7066

Article source: http://www.cmhc-schl.gc.ca/en/corp/nero/nere/2017/2017-03-31-0930.cfm