VANCOUVER, April 8, 2009 — The Government of Canada and Province of B.C. are launching a new, $123-million Seniors’ Rental Housing Initiative to build up to 1,000 new housing units for seniors and people with disabilities.
Premier Gordon Campbell and The Honourable Gary Lunn, Minister of State for Sport, on behalf of the Honourable Diane Finley, Minister of Human Resources and Skills Development Canada and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC), made the announcement today.
Under terms of the new agreement, the provincial and federal governments will provide matching contributions of $61.79 million. Construction of the first 218 units will start in 19 communities over the next few months. In total, the project will create close to 800 jobs.
“Providing safe, secure, and affordable housing helps seniors and people with disabilities improve their lives,” said Premier Campbell. “We’re investing $469 million each year in housing support programs like this, and more than 85,000 households across B.C. are benefiting. Working with the Government of Canada, these projects are getting started right away, helping not only the individuals in need, but also the construction and related industries who are building and supplying these homes.”
“The Government of Canada continues to work hard to support Canadians during these challenging economic times, and has moved aggressively to ensure the Economic Action Plan is implemented rapidly,” said Minister Lunn on behalf of Minister Finley. “We are making housing more accessible for the most vulnerable, including seniors and persons with disabilities both in British Columbia and across Canada.”
The new seniors’ rental housing will be created through partnerships with municipalities, non-profit housing providers and the private sector. In most cases, modular, manufactured housing construction will promote wood product use. Including municipal and third-party contributions such as land, the estimated total project capital cost is approximately $161 million.
This new initiative is part of an overall $14-billion capital infrastructure program supported by the Province that will create up to 88,000 jobs and help build vital public infrastructure in every region of the province.
CMHC has been Canada’s national housing agency for more than 60 years. CMHC is committed to helping Canadians access a wide choice of quality, affordable homes and making vibrant and sustainable communities and cities a reality across the country. To find out more about how the Government of Canada and CMHC are working to build stronger homes and communities for all Canadians, call CMHC at 1-800-668-2642 or visit www.cmhc.ca/housingactionplan. For more information on Canada’s Economic Action Plan, call 1-800-O Canada.
Media contact:
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Bridgitte Anderson Kristen Scheel |
Julie Vaux |
For more information on government services or to subscribe to the Province’s news feeds using RSS, visit the Province’s website at www.gov.bc.ca.
Luncheon with TransLink
Golden Ears Bridge - 3 Months Away!
Tuesday May 5th
Guest Speaker - Fred Cummings - TransLink
President of Major Construction Projects
Join the Chamber for lunch and find out all the information on the new Golden Ears Bridge, the opening dates and the tolling process.
Meadows Gardens Golf Course
11:30 - 12:00 pm - Registration & Networking
12:00 - 1:00 pm - Lunch & Guest Speaker
Member Price - $25.00
Non - Member Price $35.00
Tables of 8 are available for Chamber members only - $175.00
This event is expected to be sold out. Please RSVP by no later than Friday, April 29th, 2009. There will be no tickets sold at the door.
Call Shannon at the Chamber office at 604-463-3366 to reserve your spot today!
CMHC Came through with another report for Housing Starts in the Lower Mainland..
Here is the information on Maple Ridge.. and some insight...

Maple Ridge - March 2008 Detached Starts -- 26 , March 2009 Detached Starts -- 8
March 2008 Multiple Starts -- 34 , March 2009 -- Multiple Starts -- 0
TOTAL STARTS -- March 2008 -- 60 , March 2009 -- 8
Year to Date --- === March 2008 --129 , March 2009 -- 44
NOTE: Delta, Langley and White Rock have all seen an increase in Housing Starts in 2009 over 2008.
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Thought you might like to see the statistics for the past 14 month in a chart format.

Intersting that everything looks as if it is on its way back up, except for the Average Sale Price. February is also seasonal. Take a look at the previous February and you will see that things increased then as well, and almost at the same ratio's as they did this year. Again, all but the average sale price.
FIRST TIME HOME BUYERS
AND
THOSE WANTING TO MOVE UP OR INVEST
NOW IS THE TIME TO BUY....
Do you want to know what your neighbors house is selling for or what it sold for?
Get your own area's FREE "Market Snapshot"
Darren Revell and Gord Moman
REAL Pros Group
Keller Williams Elite Realty
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