The federal government’s new Build Canada Homes program could act as a housing in various ways, The Globe and Mail reported.
The Globe cited its source as a document posted online by the federal housing ministry.
Ottawa’s roles could include working with contractors, investors, and other developers to bring projects to fruition, and Prime Minister Mark Carney’s government wants to ensure that low-interest loans are made available, according to the report.
The government is also seeking industry input as it forms its plans for the program,
The Build Canada Homes program is the largest of its kind since the post-World War II era. The program is focused on supporting large-scale, affordable, factory-built and pre-fabricated housing.
The development team behind One Beverly Hills (1BH) said construction on the $10-billion luxury mixed-use project is proceeding ahead of schedule. The Beverly Hilton expansion structure topped out approximately 10 weeks ahead of schedule and one of the residential towers is progressing six weeks ahead. “This was accomplished while significant operations were maintained at The...
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Northwind Group has originated a $231-million first mortgage construction loan for 675 Third Ave., a 32-story, 337,000-square-foot office building in Manhattan’s Midtown East neighborhood that is slated for conversion into residential apartments. The conversion is being led by a joint venture between Nathan Berman’s Metro Loft Management and David Werner Real Estate Investments. Loan proceeds...
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Rental housing affordability declined in 82% of U.S. metropolitan areas between 2014 and 2023, with renters experiencing the equivalent of an average $256 annual reduction in income after accounting for changes in housing quality. That’s according to a new report released Tuesday by the Mortgage Bankers Association’s Research Institute for Housing America. The report, Housing...
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