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Darren Revell

CMHC Report = BC and Canada Partnership to Build New Homes for Seniors- April 8, 2009

B.C. – Canada Partnership to Build New Homes for Seniors

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:

Bridgitte Anderson
Press Secretary
Office of the Premier
604 307-7177

Kristen Scheel
Senior Media Relations Officer
Canada Mortgage and Housing Corporation
613 748-2799

Julie Vaux
Director of Communications
Office of the Minister of Human Resources and Skills Development Canada
819 994-2482

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.

See related speech.

Maple Ridge - Pitt Meadows Chamber Lunch, May 5th - Translink - Golden Ears Bridge 3 months away..

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!

Maple Ridge - CMHC - Housing Start Report for March, 2009

CMHC Came through with another report for Housing Starts in the Lower Mainland..

Here is the information on Maple Ridge.. and some insight...

cmhc logo

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.

Weekly Rate Reminder - Dominion Lending Centres Mountain View - Maple Ridge

Darren Revell
Dominion Lending Centres Mountain View Ltd

604-719-3805
Email

Weekly Rate Minder

This edition of Weekly Rate Minder has the latest, best rates for Canadian mortgages. At Dominion Lending Centres, we work on your behalf to find the mortgage that suits your needs. Best of all - our service is "free".* It's the selected lender that pays us and YOU get the best rate. *(O.A.C., E.&O.E.)

• Our Best Rates
• Explore Mortgage Scenarios with Helpful Calculators on dominionlending.ca

Terms

Posted Rates

Our Rates

1 YEAR

4.20%

3.00%

2 YEARS

4.70%

3.69%

3 YEARS

4.90%

3.80%

4 YEARS

5.14%

3.90%

5 YEARS

5.45%

3.89%

7 YEARS

6.30%

5.15%

10 YEARS

6.70%

5.25%

Rates are subject to change without notice. *OAC E&OE

Prime Rate is 2.50%.

Variable rate mortgages from as low as Prime + .75%

Please note that rates shown above are subject to change without notice. The rates shown are posted rates and the actual rate you receive may be different, depending upon your personal financial situation. Check with your Dominion Lending Centres Mortgage Professional for full details and to determine what rate will be available for you.

*O.A.C., E.& O.E.

About Dominion Lending Centres

  • We are Canada's premier online mortgage lender, and one of the fastest growing mortgage companies nationwide!
  • Our Brokers are Experts in their field and many are ranked amongst the best nationally.
  • We close loans in all 10 provinces and 3 territories.
  • We can process your mortgage in as few as 7 days.
  • We have more than 100 mortgage programs making it easy to choose the best fit for your situation.
  • We are the preferred mortgage lender for several of Canada's top companies.
  • Dominion Lending Centres' Mortgage Experts are available anytime, anywhere, evenings and weekends — we'll even come to you!

Greater Vancouver Statistics from CMHC - February 2009 - Line Charts

Thought you might like to see the statistics for the past 14 month in a chart format.

charts

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....

  • INTEREST RATES ARE LOW
  • SALES PRICES ARE DOWN
  • SOME GREAT INVENTORY

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"

http://bc-home-value.com

Darren Revell and Gord Moman

REAL Pros Group

Keller Williams Elite Realty