E.B.Dungey Realty Ltd. Brokerage

TORONTO, April 23, 2018 —
The Toronto Real Estate Board is encouraged that Mayor John Tory is making housing affordability a priority for himself and for City staff.  

“Toronto REALTORS® understand that municipal government policy plays a direct role in housing affordability and in protecting the investments of existing home owners. We are glad that Mayor Tory recognizes the important role that the City plays in this regard,” said Tim Syrianos, President of the Toronto Real Estate Board. 

TREB has worked to ensure that governments understand the supply and demand dynamics of the Toronto and GTA real estate market place. Most recently, TREB released its annual Market year in review and outlook report, and provide briefings on this to the Mayor’s office and City Councillors. 

“TREB looks forward to working with the City and the Mayor to move forward on this very important issue, and to ensure that challenges faced by all aspects of the market, including renters, home buyers, existing owners, and sellers, are considered,” added Syrianos.

Article source: http://www.trebhome.com/market_news/release_market_updates/news2018/nr_affordable_housing_announcement.htm

PETERBOROUGH, ON, April 13, 2018 — More families, seniors, adults with disabilities and Indigenous people will now have a place to call home in Peterborough, Renfrew County and the surrounding areas. The federal and provincial governments are investing over $10.3 million to create 82 affordable housing units.

The Honourable Maryam Monsef, Minister of Status of Women and 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 (CMHC), along with the Honourable Jeff Leal, Ontario’s Minister of Agriculture, Food and Rural Affairs and Member of Provincial Parliament for Peterborough, on behalf of the Honourable Peter Milczyn, Ontario’s Minister of Housing and Minister Responsible for the Poverty Reduction Strategy, made the announcement today. Daryl Bennett, Mayor of Peterborough also spoke at the event.

The announcement took place at the official opening of Monaghan Court, at 721 Monaghan Road. The former fire hall was redeveloped to provide 11 units of affordable housing for Indigenous residents.

Other affordable housing developments in Arnprior, Haliburton, Lindsay, Petawawa and Perth were also celebrated at the event.

Quick facts:

• 721 Monaghan Road was a City of Peterborough fire hall from the time it was built in 1957 until 2012.
• The governments of Canada and Ontario jointly contributed over $1.6 million to the project through the Investment in Affordable Housing (IAH) agreement.
• The governments of Canada and Ontario have partnered together to deliver the IAH program since 2011. Under the IAH, Ontario and the federal government are investing a total of $1.9 billion to improve access to affordable housing across Ontario.

Quotes:

“Our Government is taking action to strengthen the middle class — the heart of Canada’s economy. Through new investments in Budget 2017 and the coming National Housing Strategy, we will ensure that more Canadians have access to housing that meets their needs and that they can afford. We will reduce housing need, lift more Canadians out of poverty, and contribute to strong, more inclusive communities.”
— Maryam Monsef, Minister of Status of Women and Member of Parliament for Peterborough-Kawartha

“We are proud to fund projects that give members of our community a safe and affordable place to call home. Because it’s only by working together – provincial, federal, municipal and Indigenous — that we can end homelessness.”
— Jeff Leal, Ontario Minister of Agriculture, Food and Rural Affairs and Member of Provincial Parliament for Peterborough

“Stable, safe and affordable housing is essential for the well-being of individuals and families in our community. The homes being created by the Ontario Aboriginal Housing Services Corporation and the Mount Community Centre are exciting examples of what we can achieve through affordable housing partnerships.”
— Daryl Bennett, Mayor of Peterborough

“OAHS developed a creative housing solution to provide accessible and culturally-appropriate housing options for Indigenous people living in Peterborough. OAHS is proud to partner with the provincial and the federal governments as well as the City of Peterborough in the development of new Indigenous housing opportunities.”
— Sylvia Maracle, Chair of the Board of Directors, Ontario Aboriginal Housing Services

Associated links:

• 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 all levels of Canadian government, consumers and the housing industry. For more information, follow us on Twitter, YouTube, LinkedIn and Facebook.
• Investing in affordable housing is part of Ontario’s plan to support care, create opportunity and make life more affordable during this period of rapid economic change. 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 or follow us on Twitter.
• Canada’s first ever National Housing Strategy is a 10-year, $40-billion plan that will give more Canadians a place to call home. Under the National Housing Strategy, the federal government will recognize and progressively implement every Canadian’s right to access housing that meets their needs and that they can afford. For more information on the National Housing Strategy visit www.placetocallhome.ca.

Media contacts:

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

Catherine Leger
Public Affairs
Canada Mortgage and Housing Corporation
514-475-5165
cleger@cmhc-schl.gc.ca

George Mason
Press Secretary
Office of Minister Milczyn
416-219-7616
george.mason@ontario.ca

Conrad Spezowka
Communications
Ministry of Housing
416-585-7066
MHO.media@ontario.ca

Backgrounder

New affordable rental housing projects in Peterborough and area

Seven developments will provide affordable housing for individuals and families in Peterborough, Renfrew County and surrounding areas.

Article source: http://www.cmhc-schl.gc.ca/en/corp/nero/nere/2018/2018-04-13-1215.cfm

BURLINGTON, ON, April 13, 2018 — More families, seniors and persons with disabilities have a place to call home in Halton Region. The federal and provincial governments have invested over $21 million to create 145 units of affordable housing through the Canada – Ontario Investment in Affordable Housing (IAH) agreement.

Adam Vaughan, Parliamentary Secretary (Housing and Urban Affairs) to 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 Eleanor McMahon, Ontario’s Minister Responsible for Digital Government, Member of Provincial Parliament for Burlington, on behalf of the Honourable Peter Milczyn, Ontario’s Minister of Housing and Minister Responsible for the Poverty Reduction Strategy, made the announcement today. Gary Carr, Regional Chair of Halton Region also participated.

The announcement took place at Westwood Phase II, which provides 37 units of affordable housing, including four units for seniors with disabilities. Its environmentally friendly geo-thermal heating and cooling system reduces both greenhouse gases and residents’ energy bills.

Three other affordable housing developments across Halton Region were also celebrated at the event.

Quick facts:

• Westwood II offers supports, like light housekeeping, to help seniors remain independent and live at home.
• Westwood II was built in partnership with New Horizon Group Development and received over $5.5 million in funding from the Government of Canada and Government of Ontario through the Investment in Affordable Housing agreement.
• The Governments of Canada and Ontario have partnered together to deliver the IAH program since 2011. Under the IAH, Ontario and the federal government are investing a total of $1.9 billion to improve access to affordable housing in Ontario.

Quotes:

“When we help low-income households access the housing they need, we are doing more than putting a roof over their heads. We are helping to build a foundation for broader social and economic success for these families.”
— Adam Vaughan, Parliamentary Secretary to the Minister of Families, Children and Social Development (Housing and Urban Affairs)

“Westwood is proof that homes can be both environmentally friendly and affordable. Ontario is committed to ending chronic homelessness by 2025 and I’m pleased that the provincial and federal governments are working together to build projects like this that make housing more affordable and increase the quality of life for people in Burlington and across Halton Region.”
— Eleanor McMahon, Ontario’s Minister Responsible for Digital Government, Member of Provincial Parliament for Burlington

“Delivering new, affordable and assisted housing opportunities is one of Regional Council’s strategic priorities. Housing is a joint responsibility. We are fortunate to have our partners from the federal and provincial governments contribute important funding to build affordable housing in Halton and strengthen our community.”
— Gary Carr, Regional Chair, Halton Region

“New Horizon Development Group is committed to our community’s affordable housing needs and proud to contribute to two related projects to date. 986 Falcon Boulevard is a highlight achievement for our team. We are deeply appreciative for the work and contributions from Halton Region, the City of Burlington, and both the provincial and federal governments to ensure that this facility properly meets the housing needs of residents in our community.”
— Jeff Paikin, President and Co-founder, New Horizon Development Group

Associated links:

• 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 all levels of Canadian government, consumers and the housing industry. For more information, follow us on Twitter, YouTube, LinkedIn and Facebook.
• Investing in affordable housing is part of Ontario’s plan to support care, create opportunity and make life more affordable during this period of rapid economic change. 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 or follow us on Twitter.
• Canada’s first ever National Housing Strategy is a 10-year, $40-billion plan that will give more Canadians a place to call home. Under the National Housing Strategy, the federal government will recognize and progressively implement every Canadian’s right to access housing that meets their needs and that they can afford. For more information on the National Housing Strategy visit www.placetocallhome.ca.

Media contacts:

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

Kathie Howes
Public Affairs
Canada Mortgage and Housing Corporation
647-225-3730
khowes@cmhc-schl.gc.ca

George Mason
Press Secretary
Office of Minister Milczyn
416-219-7616
george.mason@ontario.ca

Conrad Spezowka
Communications
Ministry of Housing
416-585-7066
MHO.media@ontario.ca

Backgrounder

New affordable rental housing in Halton Region

Four developments will provide affordable housing for individuals, families and seniors in Halton Region.

*Halton Region used IAH funding to purchase individual units in condominium developments throughout the Region.

Article source: http://www.cmhc-schl.gc.ca/en/corp/nero/nere/2018/2018-04-13-1515.cfm

TORONTO, ONTARIO, April 4, 2018 — To protect low income Canadians in housing-need, it is important that Canada’s existing social housing stock remains affordable and in good repair well into the future. In communities all across Canada, thousands of Canadians rely on federally administered community housing as a place to call home.

The federal government through the National Housing Strategy will invest $500 million over 10 years for a new Federal Community Housing Initiative to protect affordability for tenants and stabilize the operations of some 55,000 units of federally administered community housing projects.

Adam Vaughan, Parliamentary Secretary to the Minister of Families, Children and Social Development (Housing and Urban Affairs) was in Toronto today to announce $38 million in funding over a two year period for Phase I of he Federal Community Housing Initiative. This funding will provide a temporary extension of subsidies to maintain affordability for low-income households and protect tenants living in federally administered community housing projects while housing providers’ transition to a new rental support program and prepare for modernization through Phase II.

Quotes:

“Our Government recently announced Canada’s first ever National Housing Strategy, a 10-year, $40-billion plan that will give more Canadians a place to call home. Phase 1 of the Federal Community Housing Initiative is a critical part of this plan, and with today’s announcement we are one step closer to realizing the vision of the strategy. Protecting households from losing an affordable place to live is a concrete action towards making sure Canadians have housing that meets their needs and that they can afford.”
— The Honourable Jean-Yves Duclos, Minister of Families, Children and Social Development and Minister Responsible for Canada Mortgage and Housing Corporation

“For decades community housing, and in particular the co-op sector, have been important partners in the delivery of Federal housing investments. Sustaining this relationship and making sure residents who are supported by this housing model is critical to the success of the National Housing Strategy. Phase I is just the beginning, but an important first step, in making sure thousands of Canadians have secure access to affordable housing”
— Adam Vaughan, Parliamentary Secretary to the Minister of Families, Children and Social Development (Housing and Urban Affairs)

Quick facts:

• Under phase I of the Federal Community Housing Initiative, federally administered community housing providers with long-term operating agreements that have ended or that are coming to an end between April 1, 2016 and February 28, 2020, will continue to receive the same level of subsidy currently provided under existing agreements until March 31, 2020.
• The federal government will consult on the development of Phase II of this initiative with non-profit and co-operative housing providers that own federally administered community housing.
• To help more Canadians access housing that meets their needs and they can afford, the NHS sets out to achieve bold outcomes over the next 10 years, including:
• Reducing chronic homelessness by 50%.
• Removing more than 530,000 households from housing need
• Creating 100,000 new housing units, and repairing and renewing more than 300,000 housing units, and, 
• Protecting an additional 385,000 community housing units.

Associated links:

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 all levels of Canadian government, consumers and the housing industry. For more information, follow us on Twitter, YouTube, LinkedIn and Facebook.

To find out more about the National Housing Strategy, visit www.placetocallhome.ca.

Media contacts:

Émilie Gauduchon
Press Secretary
Office of Minister Duclos
613-404-2941
Emilie.Gauduchon@hrsdc-rhdcc.gc.ca

Wilbur McLean
Public Affairs
Canada Mortgage and Housing Corporation
437-333-3299
wmclean@cmhc-schl.gc.ca

Backgrounder

Federal Community Housing Initiative

Phase I will be implemented from April 1, 2018 to March 31, 2020. Under Phase I, federally administered housing providers with long-term operating agreements that have ended or that are coming to an end between April 1, 2016 and February 28, 2020, will continue to receive the same level of subsidy currently provided under existing agreements until March 31, 2020.

The objective of the subsidy extension (Phase 1) is to maintain low-income households, protect affordability of the federally administered community housing stock, stabilize operations of housing providers and ensure no net loss of the federally administered community housing stock. Phase I will also give housing providers time to transition to the new rental assistance program under Phase II.

Phase II starts on April 1, 2020, when federally-administered community housing providers with expiring operating agreements will be eligible for a new rental assistance program to protect tenants and stabilize the operations of some 55,000 units of federally administered social housing projects.

Phase II funding applies to operating agreements expiring between April 1, 2016 and March 31, 2027. New operating agreements will be put in place as old ones expire, to ensure social housing providers will continue to receive funding to subsidize rents for tenants in need.

The Federal Government will consult on the development of this new program with the non-profit and co-operative housing providers that own federally administered community housing. To receive the funding, providers will need to meet minimum requirements for affordability, social inclusion, asset management, and governance.

A Technical Resource Centre and Sector Transformation Fund will also support housing providers through the transition from Phase I to Phase II.

Article source: http://www.cmhc-schl.gc.ca/en/corp/nero/nere/2018/2018-04-04-1045.cfm