Industry insights from the private sector leader.
LATEST BULLETINS
The Federal Lands Initiative Update
The Federal Lands Initiative is a $316.9 million program designed to facilitate the transfer or leasing of surplus federal lands and buildings to eligible applicants. These properties are made available at reduced prices or, in some cases, at no cost, with the objective of transforming them into affordable housing.
This bulletin describes opportunities coming out of the latest update to the Initiative.
CMHC Co-op Housing Development Program
This bulletin summarizes the CMHC's latest update to the Co-operative Housing Development program.
The update includes information on funding options, approval processes, and timelines for co-operative housing initiatives.
June 2024 CMHC Insurance Update
CMHC has issued updates regarding the current Multi-Unit Mortgage Loan Insurance program. The updates change refinancing criteria, project classification, MLI Select Criteria, amortization extension, use of lender correspondents, and environmental site contamination requirements.
This bulletin from EllisDon Community Builders summarizes aspects of the updates that might affect you.
2024 Federal Budget Summary
In April 2024, the Government of Canada delivered the 2024 Federal Budget: Fairness For Every Generation. The budget for this year focuses on building more affordable homes by increasing funding and introducing new initiatives to ensure equal opportunities for all Canadians. This bulletin from EllisDon Community Builders provides a summary of proposed measures.
April 2024 Cutting Red Tape to Build More Homes Act
As housing continues to be unattainable for many, the Government of Ontario says Bill 185 focuses on providing solutions to support the construction of more housing units, and to meet the Ontario Housing Supply Action Plan target of building 1.5M homes by 2031. This bulletin highlights the solutions being proposed in Bill 185.
2023 Fall Economic Statement Summary
On November 21 2023, the Government of Canada (the “Government”) released the 2023 Fall Economic Statement: Building a strong economy that works for everyone. The budget for this year delivers the next phase of the government’s economic plan to help create good jobs, build more homes, and make life more affordable. This bulletin from EllisDon Community Builders provides a summary of Canada’s Housing Action Plan.
2023 CMHC Housing Shortages in Canada
In September 2023, the Canada Housing and Mortgage Corporation (“CMHC”) released a report on its assessment of the estimated Housing Supply shortage in Canada. CMHC updated last year’s estimate of how much housing supply is required to reach the target set out for 2030, which was for Canada to achieve levels of affordability last seen around 2004.
2023 Fall Economic Statement Summary
On November 21 2023, the Government of Canada (the “Government”) released the 2023 Fall Economic Statement: Building a strong economy that works for everyone. The budget for this year delivers the next phase of the government’s economic plan to help create good jobs, build more homes, and make life more affordable. This bulletin from EllisDon Community Builders provides a summary of Canada’s Housing Action Plan.
2023 CMHC Housing Shortages in Canada
In September 2023, the Canada Housing and Mortgage Corporation (“CMHC”) released a report on its assessment of the estimated Housing Supply shortage in Canada. CMHC updated last year’s estimate of how much housing supply is required to reach the target set out for 2030, which was for Canada to achieve levels of affordability last seen around 2004.
2023 CMHC Housing Shortages in Canada
In September 2023, the Canada Housing and Mortgage Corporation (“CMHC”) released a report on its assessment of the estimated Housing Supply shortage in Canada. CMHC updated last year’s estimate of how much housing supply is required to reach the target set out for 2030, which was for Canada to achieve levels of affordability last seen around 2004.
Insights
IN THE NEWS
Community Builders Talks Public Lands in Financial Post
Nick Gefucia, Senior Vice President of EllisDon Community Builders, provided insights on the federal government's expanded public lands bank in the Financial Post's 27 August article.
COMMUNITY BUILDERS AT THE HOUSING SUPPLY CHALLENGE MIXER
Base Design Among Innovations
Nick Gefucia and Marwan Kassay represented Community Builders at the HSC Innovator Mixer on July 29 at the MaRS discovery district in Toronto. They joined more than 250 fellow participants to discuss the Housing Supply Challenge and share ideas to address the affordable housing crisis.
Marwan presented our Base Design solution at the event, receiving positive feedback and sparking conversation.
IN THE NEWS
Unlocking Public Land to Developers for Affordable Housing
The Canadian government's 2024 federal budget includes a landmark initiative to lease public lands to developers, aiming to reduce capital costs and fast-track the construction of affordable housing across the nation.
Our very own Nick Gefucia, Senior Vice President of EllisDon Community Builders, recently spoke to the Financial Post about how he thinks the leasehold infrastructure delivery model is pivotal for maximizing land potential for residential purposes.
COMUNITY BUILDERS' SVP AMONG CONSTRUCTION'S MOST INFLUENTIAL PEOPLE
Nick Gefucia Earns Site News Award
Construction website SiteNews has presented its 2024 list of Construction’s Most Influential People. And Community Builders' Nick Gefucia is on it!
Construction’s Most Influential People is an annual awards program recognizing individuals across all sectors who significantly impact Canadian construction. SiteNews selects people who "have helped shape how builders build and how the public at large thinks about construction. Their impact is incalculable but it touches on millions of Canadians and includes tens of billions of dollars worth of construction work."
Building Community
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