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Annual pace of housing starts in Canada slowed in April, CMHC says

CMHC says the annual pace of urban starts fell 16.9 per cent in April to 251,504 units ....

Sean Kilpatrick , Housing Corp , Real Estate , Canada Mortgage And Housing Corp , சீன் கில்‌ப்யாட்‌ரிக் , வீட்டுவசதி கார்ப் , ரியல் எஸ்டேட் , கனடா அடமானம் மற்றும் வீட்டுவசதி கார்ப் ,

Canadian housing starts soar 21.6 per cent on month in March

The Globe and Mail
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Sean Kilpatrick/The Canadian Press
The annual pace of housing starts in Canada soared higher in March as it climbed 21.6 per cent compared with February.
Canada Mortgage and Housing Corp. says the seasonally adjusted annual rate of housing starts rose to 335,200 units, up from 275,567 in February.
The annual pace of urban starts rose 24.4 per cent in the month to 300,973 as the pace of starts of apartments, condos and other types of multiple-unit housing projects climbed 33.8 per cent to 222,358 units. ....

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Pandemic Property Boom Prompts Mea Culpa From Canada's Housing Czar

(Bloomberg) The head of Canada’s national housing agency defended his organization’s prediction that the Covid-19 pandemic would cause a sharp decline in the residential real-estate market after it unexpectedly boomed instead.“I’ve been taken to task for pessimistic housing forecasts last spring,” Evan Siddall, president and chief executive officer of Canada Mortgage and Housing Corp., said Monday in a thread of posts on Twitter. “At the time, I felt responsible to share what my colleagues were predicting. Times were uncertain and I felt that a warning about house prices was responsible. Indeed, I don’t recall anyone predicting accurately what actually transpired.”CMHC released forecasts last May saying fallout from the pandemic could cause Canadian home values to plunge between 9% and 18%. The market instead powered to a record year for sales and prices.In his posts, Siddall said the earlier forecasts didn’t anticipate h ....

Evan Siddall , Canada Mortgage And Housing Corp , National Housing Agency , எவன் சித்தால் , கனடா அடமானம் மற்றும் வீட்டுவசதி கார்ப் ,

Vancouver Buys Kingsway Hotel to House People Who Are Homeless

Days Inn will need renovations and won’t be ready until November.
Jen St. Denis is The Tyee’s Downtown Eastside reporter. Find her on Twitter @JenStDen. This reporting beat is made possible by the Local Journalism Initiative.
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The City of Vancouver recently purchased the Days Inn on Kingsway to house people who have experienced homelessness or are precariously housed.
The City of Vancouver will use part of a $51.5-million federal rapid housing fund to buy a hotel just off Victoria Drive on Kingsway to convert into 65 housing units for people who are homeless or at risk of homelessness. ....

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Rents Jump 9.8 Per Cent for Vancouver's Worst and Cheapest Housing

Report finds rents in privately-owned SROs increased almost twice as much as other rents in the region.
Jen St. Denis is The Tyee’s Downtown Eastside reporter. Find her on Twitter @JenStDen. This reporting beat is made possible by the Local Journalism Initiative.
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The city has bought the Balmoral and Regent hotels and promises to provide low-cost housing. But some 70 SROs are privately held.
Photo by Christopher Cheung.
Rents in Vancouver’s cheapest housing rose twice as much as overall rents between 2018 and 2019, according to a new report from the Carnegie Community Action Project.
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