$22 million invested in housing - aDiamondMortgage

Government of Canada Logo (CNW Group/Canada Mortgage and Housing Corporation)
Government of Canada Logo (CNW Group/Canada Mortgage and Housing Corporation)
Habitat for Humanity Canada Logo (CNW Group/Canada Mortgage and Housing Corporation)
Habitat for Humanity Canada Logo (CNW Group/Canada Mortgage and Housing Corporation)
Canada Mortgage and Housing Corporation (CMHC) Logo (CNW Group/Canada Mortgage and Housing Corporation)
Canada Mortgage and Housing Corporation (CMHC) Logo (CNW Group/Canada Mortgage and Housing Corporation)

Every Canadian deserves a safe and affordable place to call home. That is why the Government of Canada and Habitat for Humanity Canada are celebrating the progress made  through the Canada Mortgage and Housing Corporation (CMHC) and Habitat for Humanity Canada three-year (2019-2021) partnership under the National Housing Co-investment Fund (NHCF).

Today, the Honourable Ahmed Hussen, Minister of Families, Children and Social Development and Minister responsible for CMHC and Habitat for Humanity Canada President and CEO Julia Deans announced that to date, 50 projects featuring 178 affordable housing units have been built or are underway across Canada. This means that 178 families have, or will soon, realize their dream of homeownership.

More than $17.5 million in federal government funding has been invested so far,and more projects are in the works as the $32.4 million partnership between CMHC and Habitat for Humanity Canada is expected to create up to 414 new homes across the country. Habitat for Humanity homes will be energy-efficient and one in every five homes will be built to meet accessibility standards. Contributions from CMHC, provincial and municipal governments and hundreds of donors and volunteers enable Habitat for Humanity Canada to serve vulnerable populations including single mothers and their children, Indigenous peoples, recent immigrants, persons with disabilities, seniors and veterans.

The National Housing Strategy’s NHCF gives priority to projects that help those in greatest need, including women and children fleeing family violence, seniors, Indigenous Peoples, people with disabilities, those dealing with mental health and addictions, Veterans and young adults.

Quotes

“This is great news for Canada as Canadians are one step closer to their dream of homeownership. Our Government is dedicated to helping those in need, which is why we are proud to be investing in Habitat for Humanity Canada. This partnership is already making a real difference in the lives of those families who now have a home that they can afford. Our Government remains committed to working with our partners to develop and implement solutions to housing across Canada.” – The Honourable Ahmed Hussen, Minister of Families, Children and Social Development

“Safe housing lifts people up, helps families succeed and is the cornerstone of productive communities, including in Etobicoke Centre. Supporting Habitat for Humanity projects is one way our government helps provide safe, quality, and affordable homes for Canadians in greatest housing need.” – Yvan Baker, Member of Parliament for Etobicoke Centre

“At a time when it matters most, our partnership with CMCH is helping to increase the impact we have at the local level and allows Habitats across Canada to achieve their goal of helping more families build strength, stability and independence through affordable homeownership.”  – Julia Deans, President and CEO, Habitat for Humanity Canada

Quick Facts

  • The Government of Canada is currently rolling out its National Housing Strategy (NHS), an ambitious 10-year, $55+ billion plan that will create 125,000 new housing units and lift 530,000 families out of housing need, as well as repair and renew more than 300,000 housing units and reduce chronic homelessness by 50 percent.
  • Through the NHCF, the Government of Canada will work with partners to build up to 60,000 new affordable homes and repair up to 240,000 existing affordable and community homes.
  • Investments are also planned in the NHCF to create or repair at least 4,000 shelter spaces for victims of family violence and create at least 7,000 new affordable housing units for seniors and 2,400 new affordable housing units for people with developmental disabilities.

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. CMHC’s aim is that by 2030, everyone in Canada has a home they can afford, and that meets their needs. For more information, follow us on TwitterInstagramYouTubeLinkedIn and Facebook.

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

The Habitat for Humanity model of affordable homeownership bridges a gap for people who face barriers to homeownership and would not otherwise qualify for a traditional mortgage. Local Habitat for Humanity organizations in every province and territory across Canada help build and rehabilitate decent and affordable homes, from single-family houses to multi-unit developments. With the help of volunteers and donors, Habitat helps families build their own homes and pay an affordable mortgage geared to their income. Safe, decent and affordable homeownership plays a critical role in helping families build a foundation for a life with better choices and more opportunities.

BACKGROUNDER

As of November 16, 2020, the following CMHC-supported projects have been completed or are underway.

Local HabitatProject Addressfunded unitsAdditional ContributionsCMHC ContributionProject Status as of Nov. 16, 2020
Camrose5314-49 Ave, Camrose, AB1$237,976$100,000July 2021
Cornwall & The Counties3 Eva Street, Cornwall, ON1$161,231$100,000December 2020
EdmontonGrand Prairie – 102A St Unit 12801 & 12805, AB2$515,000$181,900Completed
EdmontonGrand Prairie – 102A St Unit 12825 & 12829, AB2$515,000$181,900Completed
EdmontonGrand Prairie – 102A St Unit 12905 & 12909, AB2$515,000$181,900December 2020
EdmontonGrand Prairie – 102A St Unit 12929 & 12933, AB2$515,000$181,900December 2020
Fredericton Area3 Burnett St , Oromocto, NB1$144,305$96,203November 2020
Greater Ottawa6190 – 6204 Fortune Avenue, Ottawa, ON5$975,162$500,0004 units Completed
Greater Toronto Area140 Pinery Trail, Toronto, ON16$5,076,940$1,600,000Completed
Greater Vancouver32588 Cedar Valley Connector, Mission, BC8$2,244,380$800,000April 2021
Hamilton134 Catharine Street N, Hamilton, ON2$535,272$200,000March 2021
Hamilton2,6,10 Dennis Ave, Waterdown, ON3$634,071$300,000Completed
Heartland36, 38 Forbes Street, London, ON2$268,898$179,266Completed
Kamloops5101 Louie Rd & 5820 Loakin Bear,
 Neskonlith Indian Band, Kamloops, BC
2$434,000$200,000March 2021
Kingston Limestone Region60 Cowdy Street, Kingston, ON1$201,289$100,000December 2020
Manitoba849 Stella Avenue, Winnipeg, MB1$190,263$100,000Completed
Manitoba303 Burrin Ave. Winnipeg, MB1$199,363$100,000Completed
Manitoba804 Arlington Street Winnipeg, MB1$200,463$100,000Completed
Manitoba1497/1499 Logan Avenue, Winnipeg, MB2$311,076$200,000Completed
Manitoba1357 Selkirk Avenue, Winnipeg, MB1$175,263$100,000Completed
Manitoba60 Grove Street, Winnipeg, MB1$131,858$87ˇ,906Completed
Manitoba542 College Avenue, Winnipeg, MB1$194,263$100,000Completed
ManitobaUnits 1&2 61 Mercedes, Units 3,4,5,6,7,8
Templeton Ave., Winnipeg, MB
8$1,587,064$800,000December 2020
Manitoba95, 97 Matheson Avenue, Winnipeg, MB2$364,865$200,0001 unit Completed
Manitoba 251 Sherman, Manitoba, MB1$193,308$100,000December 2020
Manitoba304 Taylor Ave, Selkirk, MB1$134,532$89,688December 2020
Mid-Vancouver Island625 Jubilee Street, Duncan, BC4$677,997$400,000April 2021
Niagara4401 4th Avenue, Niagara Falls, ON1$219,088$100,000Completed
Northumberland22/24 University Avenue, Cobourg, ON2$272,579$181,721December 2020
Northumberland600 Daintry Street, Cobourg ON1$153,650$100,000December 2020
Northumberland7069 Beech Street, Hamilton ON1$223,000$100,000March 2021
Ontario Gateway North132 North Shore Road, Pointe au Baril, ON1$175,000$100,000Completed
Peterborough & Kawartha Region33 Lehays Lane Condos, Peterborough, ON41$7,290,954$4,100,000November 2021
Prince Edward Island88 Oapus Trail, Lennox Island First Nation, PE1$101,655$67,770Completed
Prince Edward-Hastings33, 37 & 39 Hannah Street, Trenton, ON3$463,502$300,000Completed
Quebec659 rue Bourassa, Montreal, QC1$311,310$100,000Completed
Quebec494 rue Langlois (Innovhauss), Sherbrooke, QC1$114,521$76,347Completed
Red Deer5600 & 5604 Vista Trail, Blackfalds, AB2$390,700$200,000September 2021
Regina1033 Edgar Street, Regina, SK3$518,811$300,000November 2020
Regina914 Ominica Street West, Moose Jaw, SK1$119,297$79,531Completed
Saint John2 Leeswood Drive, Quispamsis, NB1$141,900$94,600Completed
Sault Ste. Marie & Area49 Oakwood, Sault Ste Marie, ON1$242,061$100,000December 2020
Southern Alberta84 Silver Creek Crescent, NW, Calgary, AB7$1,042,607$695,071Completed
Southern Alberta8485 64 Avenue NW, Calgary (Building 2), AB7$1,003,325$668,883January 2021
Southern Alberta1305 36 St. SE, Calgary
Radisson Phase II (Building 1), AB
4$734,375$400,000January 2021
Southern Alberta1313 36 St. SE, Calgary, Radisson Phase II (Building 2), AB4$734,375$400,000August 2021
Southern Alberta1523/1525/1527/1529 36th St., Radisson, Calgary, AB4$740,759$400,000Completed
Vancouver Island NorthUnits 1, 2, 3 477 Hilchey Road, Campbell River, BC3$610,000$300,000December 2020
Vancouver Island NorthUnits 9, 10 1330 Lake Trail Road, Courtenay. BC2$427,000$200,000December 2020
Vancouver Island NorthUnit 4 & 5 477 Hilchey Road, Campbell River, BC2$317,000$200,000Completed
Wellington, Dufferin, Guelph5 Cityview Drive, Guelph, ON8$1,649,836$800,000December 2020
Windsor-Essex1056 Birch Avenue, Kingsville, ON1$184,191$100,000Completed
YukonUnit 7 18 Bailey Place, Whitehorse, YK1$172,866$100,000Completed
Number of units completed or under
construction as of Nov 16
178$35,688,203$17,544,586

SOURCE Canada Mortgage and Housing Corporation

  • https://www.newswire.ca/news-releases/government-of-canada-and-habitat-for-humanity-canada-celebrate-new-homeowners-across-canada-828513131.html

By DIAMO