The Government of Canada announced today an investment of $3.8 million, as part of Canada’s Economic Action Plan, to improve housing conditions in First Nation communities across Nova Scotia.

The Honourable Peter MacKay, Minister of National Defence and Minister Responsible for the Atlantic Gateway, Nova Scotia and Newfoundland and Labrador; and Scott Armstrong, Member of Parliament for Cumberland – Colchester – Musquodoboit Valley on behalf of the Honourable Diane Finley, Minister of Human Resources and Skills Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC), made the announcement along with members of the Millbrook First Nation community.

“Our Government’s Economic Action Plan is delivering support for improvements in housing conditions for members who live in First Nations communities in Nova Scotia and we are also stimulating the local economy by creating jobs,” said Minister MacKay.

Through Canada’s Economic Action Plan, the Government of Canada has committed $400 million over the next two years to help First Nation communities build needed new housing, repair and remediate existing non-profit housing for their members, and complement housing programs offered by CMHC. This investment will also provide an economic stimulus for many First Nations and surrounding areas by creating jobs.

The application calls for the new funding initiatives under Canada’s Economic Action Plan were very successful and generated a large number of applications. As a result, CMHC will be fully allocating all the available funding for this fiscal year.

Some $3.8 million in federal investments will be made available to 13 First Nations in Nova Scotia to address immediate housing needs.

CMHC will allocate $2.57 million to retrofit 229 housing units on-reserve in Nova Scotia, as well as $1.22 million for subsidy associated with 12 new housing units to be constructed in seven First Nations communities in Nova Scotia. First Nation communities across the province receiving funding include: Acadia First Nation, Annapolis Valley First Nation, Bear River First Nation, Chapel Island First Nation, Eskasoni First Nation, Glooscap First Nation, Indian Brook First Nation (Shubenacadie Band Council), Membertou First Nation, Millbrook First Nation, Paqtnkek First Nation, Pictou Landing First Nation, Wagmatcook First Nation, and Waycobah First Nation.

‘’This is wonderful news for our community,” said Chief Lawrence Paul, Millbrook First Nation. “It came at the right time and allowed us to accommodate a family with special needs, as well as address overcrowding in some units. This program has also exposed us to new building practices which will be beneficial for years to come.”

As a result of a sizzling month of sales in June, Canada’s two largest real estate markets — Toronto and Vancouver — came close to breaking their all-time sales records.

In Toronto, the nearly 11,000 properties sold last month marked a 27 per cent sales increase over the previous June. And in Vancouver, where 4,259 units changed hands last month, sales were up 75.6 per cent from 12 months ago.

Major year-over-year gains were also seen in Calgary (28 per cent), Regina (24 per cent), Edmonton (15.8 per cent) and Ottawa (12.5 per cent). Sales were also up 5.2 per cent in the Halifax-Dartmouth area over the previous June and had inched up 0.8 per cent in Newfoundland and Labrador.

According to RE/MAX, most of Canada’s major real estate markets had begun to recover from the recession as early as March, with sales picking further up in April and May, leading to the high levels of sales seen in June.

Michael Polzler, the executive vice-president of RE/MAX Ontario-Atlantic Canada, says the boom in sales is the result of affordable prices and mortgages, as well as pent-up demand among homebuyers.

It’s a trend that could also help the wider economy, he said, because it will spur homeowners to spend on home improvements.

“When people start buying houses, they have to buy all the things that go along with those houses,” Polzler told CTV’s Canada AM on Monday morning. “Often it means a new fridge, a new carpet, painting, fixing up this, fixing up that. Even when you buy a new house, there’s a lot of things to buy. So, it helps everybody connected.”

Looking forward to the rest of the year, RE/MAX is expecting to see a more stable real estate market, though sales may not continue at the current pace.

Polzler believes that many Canadians favour real estate as a form of investment, as opposed to putting their money in private business opportunities.

“Most Canadians are very uncomfortable and unsure about the stock market,” he said. “And when you see that through these difficult times, prices in real estate have come down a little bit in most places — and in many cases are back up — they feel a lot more control than they do in the stock market.”

http://www.ctv.ca/servlet/ArticleNews/story/CTVNews/20090713/real_estate_090713/20090713?hub=TopStories

reviewed by Moishe Alexander, CFC canadian funding corp CEO

A new forecast from a major Canadian real estate company predicts that the national housing market is stabilizing, after seeing a “remarkable turnaround” in the second quarter of 2009.

Royal LePage predicts that the selling price of the average house will drop by only two per cent this year — an improvement over the real estate company’s prior forecast from six months ago that predicted a three per cent drop.

The real estate company also predicts that the number of unit sales will drop about one per cent in 2009 to an estimated 430,000 sales.

Phil Soper, the president and CEO of Royal LePage Real Estate Services, said that the forecast adjustment is the result of the improved real estate sales numbers seen in the second quarter of this year.

“We’ve got the most important quarter in the real estate calendar behind us — the second quarter — and it really was a remarkable turnaround,” Soper said during an interview on CTV’s Canada AM on Tuesday morning.

“As steep as the decline was, the bounce-back was just as dramatic,” he added.

While the year’s second quarter saw housing prices beginning to appreciate, the average national housing prices still remain below their values from 12 months ago.

According to the Royal LePage figures:

* The average price of a detached bungalow declined to $327,964, about 3.5 per cent below what it was the year before
* The average price of a two-storey home was down 3.7 per cent to $392,378
* The average price of a condominium dropped four per cent to $236,612

Soper said a combination of lower mortgage prices and a housing supply shortage in parts of Canada helped push the market upward during the second quarter.

But he cautioned that the market still has a long way to go, when it comes to recovering the value lost during the recent setback.

“It’s going to look better for the second half of this year,” he said. “It’s not going to be a startlingly good year like earlier in the decade, but I think just the bounce-back, the comeback from where we were, is going to make a lot of Canadians feel a lot more comfortable about the homes they live in.”

In many Western Canadian cities, including Calgary, Edmonton and Vancouver, housing prices are still between 10 and 15 per cent below what they were a year ago, Soper said. But they are “gaining back ground,” he said.

In Ontario, Royal LePage said Ottawa would likely see stable prices throughout 2009, with Toronto’s market stabilizing towards the end of the year.

Montreal is expected to remain a strong real estate market this year, helped by low interest and unemployment rates.

In Atlantic Canada, housing prices were much more stable than in cities further west in Canada throughout the recession, meaning that their pricing fluctuations have been less volatile overall, Soper said.

And according to the Royal LePage figures, demand for housing has so far been strong in 2009, due to strong local economies coupled with moderate housing prices.

http://www.ctv.ca/servlet/ArticleNews/story/CTVNews/20090707/real_estate_090707/20090707?hub=CanadaAM

brought by Moishe Alexander, CFC CEO

On the real estate front, the Newfoundland Government released their take on Newfoundland housing market conditions. While most of their data is from CREA and previously discussed earlier on this blog, I thought it important to “cut and paste” the PDF of the real estate section from the Economic Research and Analysis website as it recapped and touched on a number of important areas and facts.

Housing market conditions were robust in 2008. Housing starts increased to a level not seen since the early 1990s. Residential sales activity and prices reached record levels. Other capacity indicators like rental vacancy rates are at, or remain near, historical lows. Increased housing demand stemmed from strong economic performance, low interest rates, optimism about future major projects, and household formation.

Housing Starts

During 2008, housing starts totalled 3,261 units, up 23.1% compared to 2007. This was in contrast to activity in the Maritimes and Canada, where starts declined by 7.9% and 7.6%, respectively. While urban areas account for approximately two thirds of housing starts in the province, both urban and rural areas recorded significant gains in 2008. Urban housing starts were up 22.1% to 2,229 units and rural starts were up 25.2% to 1,032 units. Total housing starts are expected to fall to 2,648 units in 2009 as the global recession and slumping housing market in the rest of Canada weakens local consumer confidence. Since 1989, housing starts have averaged 2,333 units per year. Therefore, even with the decline expected this year, housing starts will be at relatively high levels for the local industry.

Residential Sales and Prices

Residential sales activity and prices increased to record levels last year. The number of residential properties sold in the province through the Canadian Real Estate Association’s Multiple Listing Service® (MLS®) during 2008 was 4,695, an increase of 5.0% from 4,471 in 2007.  This performance was in contrast to the national residential market. MLS® sales decreased by 17.1% in Canada and 8.9% in the Maritime provinces during 2008. According to CREA, the number of MLS® sales in the province is expected to decline by 14.8% in 2009 to 4,000.
Strong demand for housing, especially during the summer months, created a buying frenzy in 2008. The average number of active MLS® listings in the province (a measure of housing availability/supply) declined by 38.3% to 1,495 from 2,423 in 2007. Homes were being purchased as soon as they hit the market and sellers were receiving multiple offers — sometimes well above the asking price. As a result of increased demand, housing prices increased. During 2008, the average MLS® residential price was $178,477, an increase of 19.6% compared to 2007. The fourth quarter average MLS® residential price surged 27.2% over the fourth quarter in 2007, representing the only growth market in Canada.
Increased housing demand in recent years is the result of employment and income growth; household formation; low mortgage rates; and a positive business environment, facilitated in part by continued optimism surrounding a number of future major projects. In addition to these factors, industry indicated that demand for residential units was also being fuelled by expatriates living in other provinces and from residents who commute to other provinces for work purchasing property for personal use and/or investment purposes.

Rental Market
Rental vacancy rates are at or near historical lows throughout Newfoundland and Labrador. Vacancy rates in urban areas have decreased from a high of 15.4% in 1997 to just 1.1% in 2008. During 2008, vacancy rates were lowest in the St. John’s CMA (0.8%) and Corner Brook CA (0.9%), followed by Grand Falls-Windsor CA (1.9%), Gander (2.6%), and Bay Roberts CA (4.0%). Although vacancy rates are low, rental prices remain the lowest in Atlantic Canada. In 2008, the average rent for a 2-bedroom apartment in Newfoundland and Labrador was $596 compared to $635 in New Brunswick, $660 in Prince Edward Island, and $795 in Nova Scotia. It is expected that improved labour markets, positive netmigration, higher housing prices, and a lack of new rental construction will keep vacancy rates low and place upward pressure on rental prices.

http://www.stjohnsrealestateonline.com/economy-2009-newfoundland-real-estate-section/

Reviewed by Moishe Alexander, CFC CEO

Also this week,  Re/Max Canada released their Recreational Properties Report.  What they’ve found is:

Generation X purchasers are poised to replace aging baby boomers as the major force in recreational property markets across the country, according to a report released today by RE/MAX.

The demographic shift was noted in the 2009 RE/MAX Recreational Property Report highlighting sales, pricing, trends and developments in 50 Canadian markets. The report found demand from Gen X (those born between 1965 and 1980) has nearly doubled over one year ago. Seventy-four per cent of markets surveyed this year reported a marked trend toward thirty-something buyers snapping up affordably-priced product, ranging from waterfront cottages to resort condominiums, compared to just 40 per cent in 2008.

“After being priced out of most markets for the better half of the last decade, Gen X purchasers now have the financial wherewithal to buy recreational product at virtually every price point,” says Michael Polzler, Executive Vice President, Regional Director, RE/MAX Ontario-Atlantic Canada. “Gen X is ideally positioned to pick up any slack in recreational property markets caused by softer demand from baby boomers and retirees. They represent the next wave of recreational property owners in Canada and they know it.”

The financial strength of the cohort dovetails well with current market realities. Sixty-six per cent of recreational property markets surveyed reported a decline in the number of recreational product sold in the first four months of 2009, while 22 per cent indicated sales were either up or on par compared to one year ago. While the combination of inclement weather and a global recession clearly hampered sales activity earlier in the year, many major centres are currently experiencing an upswing in activity as the traditional cottage season gets underway.

“Much of the activity in the marketplace today has to do with the mindset of this particular generation,” says Elton Ash, Regional Executive Vice President, RE/MAX of Western Canada. “More important than the investment aspect is the commitment to lifestyle. The purchase of a waterfront home or a condominium is more than a simple transaction to Gen X purchasers – owning a recreational property underscores their dedication to family and balance.”

The time to buy has never been better. With four exceptions, recreational property prices have softened in most major markets across the country. Only on the Newfoundland Coast and in Ontario, from Innisfil to Oro, Kingston, and Beaverton, have values increased this year compared to 2008. Starting prices remain similar to one year ago and in some cases are even higher.

“While buyer’s market conditions exist virtually across the board, sellers of recreational properties from coast-to-coast are clearly content to wait out the storm,” says Polzler. “They are in no hurry to unload their product. Many have held on to their properties for generations – they’re fully-owned yet underutilized, which has prompted some aging owners to list them for sale.”

The report also found that while lowball offers are on the rise, very few meet with success. Through tough negotiations with multiple sign backs, purchasers who are serious tend to find out the hard way that sellers are serious too. As a result, the sales-to-list ratio remains relatively high in most recreational property markets across the country.

“The prospect of greater stability down the road is creating cautious optimism in the marketplace,” says Ash. “Purchasers are seeking to buy quality product, whether it be situated on lakes, rivers, or ponds, before values start to once-again edge up.”

Highlights:
• Supply is adequate in most markets, but heated activity in the lower-end has resulted in tight inventory levels for entry-level product in 18 per cent of markets including: Bancroft, Combermere, Honey Harbour/Port Severn, West Kawarthas, Orillia, Flesherton, North Saskatchewan, and Salt Spring Island.
• Older cottage owners, many who own their properties outright, are selling to younger purchasers with families.
• Some American cottage owners in Canada are taking advantage of the stronger dollar to cash out of the market.
• American purchasers have largely fallen off the radar, with some exceptions: Lake Winnipeg, Shediac Bay, and Sault Ste. Marie.
• Pent-up demand is a factor in the marketplace, as those purchasers who had intended on buying recreational properties in the latter half of 2008 deferred their purchases to 2009.
• Older Canadians continue to seek secondary homes in warmer parts of the U.S such as Florida, Arizona, California, and Nevada.
• Generation X purchasers are prepared to spend their hard-earned dollars on recreational properties, but at the end of the day, they want to know that they’ve negotiated the best deal possible.
• The upper-end has somewhat softened in markets across the country.

The full in depth report can be downloaded here .  I highly recommend giving it a read, as it covers cottage towns all over Canada. If you’d like the names of some great cottage property sales reps, send me an email, I’d love to help!

reviewed by Moishe Alexander, CFC CEO

OTTAWA, March 9, 2009 — The seasonally adjusted annual rate1 of housing starts declined to 134,600 units in February from 153,500 units in January, according to Canada Mortgage and Housing Corporation (CMHC).

“Increased listings and reduced sales in the existing home market continue to impact the new home market,” said Bob Dugan, Chief Economist at CMHC’s Market Analysis Centre. “The decrease in February housing starts is partly attributable to the volatile multiple starts segment. In any given month and given its relative importance, the volatility of the multiple starts segment can exaggerate monthly movements up or down in the rate of housing starts.”

The seasonally adjusted annual rate of urban starts decreased 14.9 per cent to 107,800 units in February. Urban multiple starts decreased 17.5 per cent to 63,300 units, while urban single starts fell 11 per cent to 44,500 units in February.

February’s seasonally adjusted annual rate of urban starts moderated in all of Canada’s regions except Atlantic Canada, where urban starts increased by 10.8 per cent. Urban starts fell by 19.6 per cent in Quebec, 14.4 per cent in Ontario, 19.4 per cent in the Prairies, and 12.8 per cent in British Columbia.

Rural starts were estimated at a seasonally adjusted annual rate of 26,800 units in February2.

New home construction is slowing to more sustainable levels and starts are forecast to come in at 160,250 units, within a range of 141,000 to 180,000 units in 2009. These trends are reflected in the year-to-date actual starts. These decreases, however, should be viewed in the context that housing starts have been exceptionally strong over the past 7 years, exceeding 200,000 units per year.

Moishe Alexander Says: As Canada’s national housing agency, CMHC draws on more than 60 years of experience to help Canadians access a variety of quality, environmentally sustainable, and affordable homes — homes that will continue to create vibrant and healthy communities and cities across the country.

For more info: http://www.cmhc-schl.gc.ca/en/corp/nero/nere/2009/2009-03-09-0815.cfm

Moishe Alexander’s Review:

KAMLOOPS, February 13, 2009 — A Kamloops builder and developer team made up of the Canadian Home Builders’ Association (CHBA) Central Interior Chapter, and Thompson Rivers University, has been chosen to build one of three new CMHC EQuilibrium™ Sustainable Housing Demonstration Initiative homes, the Honourable Diane Finley, Minister of Human Resources and Skills Development Canada (HRSDC) and Minister Responsible for Canada Mortgage Housing Corporation (CMHC) announced today.

In total, three builder and developer teams, including Kamloops’ CHBA and Thompson Rivers University (TRU) “Green Dream Home” team, have been chosen to build eco-friendly homes as part of the second phase of CMHC’s EQuilibrium™ Sustainable Housing Demonstration Initiative – a national project leading to the construction of the next generation of sustainable homes in British Columbia and Atlantic Canada.

“The Government of Canada is proud to work with the Kamloops’ builder and developer team to extend the EQuilibrium™ initiative to B.C.,” said MP Cathy McLeod, on behalf of Minister Finley. “As a champion of sustainable housing, the Kamloops builder and developer team, and the other builder teams participating in the EQuilibrium™ initiative, are putting their expertise to work for the benefit of Canadians and providing a blueprint for the next generation of sustainable housing in Canada.”

The “Green Dream Home” will be designed to have minimal environmental impact, aim to produce as much energy as it uses on an annual basis, and be built primarily by TRU students as part of their training program. Once completed, the home will be open for public tours and then raffled-off to raise funds for the local YMCA. When occupied, the home will be monitored for performance for at least one year.

“This was a natural next step for our Training House Committee to pursue,” said Doug Wittal, President of the CHBA Central Interior Chapter. “As an Association, we have been actively demonstrating and promoting green alternatives for housing for the past three years with our Built Green™ BC program. This project takes Built Green™ to a higher level than achieved to date.”

“We are extremely proud that Thompson Rivers University and our Trades and Technology students are part of the team chosen to build the Green Dream Home,” said Dr. Kathleen Scherf, TRU President and Vice-Chancellor. “This project encompasses elements that enable TRU to step forward as the university of choice for environmental sustainability, career success and student engagement.”

In addition to the “Green Dream Home”, the other two winning projects are:

The Harmony House (Burnaby, B.C.): a project by Habitat Design + Consulting and Insightful Healthy Homes Ltd.; and,

The Moncton VISION Home (Moncton, N.B.): a project by AlternaHome Solutions Inc. in partnership with Vision Land Development Ltd.

The EQuilibrium™ housing vision brings together, under one roof, the principles of occupant health and comfort, energy efficiency, renewable energy production, resource conservation, reduced environmental impact and affordability. CMHC originally launched the EQuilibrium™ initiative in May 2006 by inviting Canadian builders and developers to submit their visions for EQuilibrium™ demonstration homes. Six projects have since been completed and opened to the public for viewing. For more information on the EQuilibrium™ initiative and projects, visit www.cmhc.ca.

CMHC has worked closely with many stakeholders to develop and launch EQuilibrium™. In particular, CMHC has collaborated closely with Natural Resources Canada which has contributed substantial research and development expertise and resources to advancing the initiative.

As Canada’s national housing agency, CMHC draws on more than 60 years of experience to help Canadians access a variety of quality, environmentally sustainable, and affordable homes — homes that will continue to create vibrant and healthy communities and cities across the country.

For more info: http://www.cmhc-schl.gc.ca/en/corp/nero/nere/2009/2009-02-13-1430b.cfm

MONCTON, February 13, 2009 — A Moncton builder and developer team led by AlternaHome Solutions Inc. has been chosen to build one of three new CMHC EQuilibrium™ Sustainable Housing Demonstration Initiative homes, the Honourable Diane Finley, Minister of Human Resources and Skills Development Canada and Minister Responsible for Canada Mortgage Housing Corporation (CMHC) announced today.

In total, three builder and developer teams, including Moncton’s AlternaHome Solutions Inc., have been chosen to build eco-friendly homes as part of the second phase of CMHC’s EQuilibrium™ Sustainable Housing Demonstration Initiative — a national project leading to the construction of the next generation of sustainable homes in British Columbia and Atlantic Canada.

“The Government of Canada is proud to work with Moncton’s builder and developer team to extend the EQuilibrium™ initiative to Atlantic Canada, “said M.P. Tilly O’Neill-Gordon, on behalf of Minister Finley. “As a champion of sustainable housing, the Moncton VISION Home team, and the other builder teams participating in the EQuilibrium™ initiative, are putting their expertise to work for the benefit of Canadians and providing a blueprint for the next generation of sustainable housing in Canada.”

The Moncton VISION Home will integrate functionality, energy efficiency and renewable energy systems into its design and construction. Partners in the project include AlternaHome Solutions Inc., Vision Land Development Ltd., with the support of the City of Moncton, the Université de Moncton, the New Brunswick Community College and Efficiency New Brunswick. Once constructed, the VISION home will be open for public tours, and then monitored for performance when occupied.

“We are very pleased to have this opportunity to work with such an incredible team of individuals and organizations, all striving for one common vision — the vision of living sustainability in homes that are environmentally responsible.  Our goal is to lead, teach and inspire people and communities to take charge of their energy!” said Paul B. Arsenault, President, AlternaHome Solutions Inc.

In addition to Moncton’s VISION Home, the other two winning projects in British Columbia are:

The Green Dream Home: a partnership between the Canadian Home Builders’ Association (CHBA) Central Interior Chapter and Thompson Rivers University (TRU) in Kamloops, B.C.; and,

The Harmony House: a project by Habitat Design + Consulting Ltd. and Insightful Healthy Homes Ltd. in Burnaby, B.C.

The EQuilibrium™housing vision brings together, under one roof, the principles of occupant health and comfort, energy efficiency, renewable energy production, resource conservation, reduced environmental impact and affordability.

CMHC originally launched the EQuilibrium™initiative in May 2006 by inviting Canadian builders and developers to submit their visions for EQuilibrium™ demonstration homes. Six projects have since been completed and opened to the public for viewing. For more information on the EQuilibrium™ initiative and projects, visit www.cmhc.ca.

CMHC has worked closely with many stakeholders to develop and launch EQuilibrium™. In particular, CMHC has collaborated closely with Natural Resources Canada which has contributed substantial research and development expertise and resources to advancing the initiative.

As Canada’s national housing agency, CMHC draws on more than 60 years of experience to help Canadians access a variety of quality, environmentally sustainable, and affordable homes — homes that will continue to create vibrant and healthy communities and cities across the country.

For More Info: http://www.cmhc-schl.gc.ca/en/corp/nero/nere/2009/2009-02-13-1430a.cfm

Moishe Alexander Reviews:

VANCOUVER, February 13, 2009 — A team consisting of Vancouver’s Habitat Design + Consulting Ltd., a local design and consulting firm, and Insightful Healthy Homes Ltd. has been chosen to design and construct one of three new CMHC EQuilibrium™ Sustainable Housing Demonstration Initiative homes, the Honourable Diane Finley, Minister of Human Resources and Skills Development Canada (HRSDC) and Minister Responsible for Canada Mortgage Housing Corporation (CMHC) announced today.

In total, three builder and developer teams, including Vancouver’s Habitat Design + Consulting Ltd. “Harmony House” team, have been chosen to build eco-friendly homes as part of the second phase of CMHC’s EQuilibrium™ Sustainable Housing Demonstration Initiative — a national project leading to the construction of the next generation of sustainable homes in British Columbia and Atlantic Canada.

“The Government of Canada is proud to work with Habitat Design + Consulting Ltd. and Insightful Healthy Homes Ltd. to extend the EQuilibrium™ initiative to B.C.,“ said Senator Yonah Martin on behalf of Minister Finley. “As a champion of sustainable housing, the Vancouver design / build team, and the other teams participating in the EQuilibrium™ initiative, are putting their expertise to work for the benefit of Canadians and providing a blueprint for the next generation of sustainable housing in Canada.”

“Harmony House” will use a mixture of proven and leading-edge technologies to build a highly marketable, resource efficient, healthy, net-zero energy home.

“We’re extremely excited to be a part of the initiative.” says Chris Mattock of Habitat Design + Consulting Ltd. “The Harmony House will provide a healthy indoor environment for the occupants, have low environmental impact and will be less expensive to operate and maintain than a conventional home.”

In addition to ”Harmony House,” the other two winning projects are:

The Green Dream Home (Kamloops, B.C.): a partnership between the Canadian Home Builders’ Association (CHBA) Central Interior Chapter and Thompson Rivers University (TRU); and,

The Moncton VISION Home (Moncton, N.B.): a project by AlternaHome Solutions Inc. in partnership with Vision Land Development Ltd.

The EQuilibrium™ housing vision brings together, under one roof, the principles of occupant health and comfort, energy efficiency (including renewable energy production), resource conservation, reduced environmental impact and affordability. CMHC originally launched the EQuilibrium™ initiative in May 2006 by inviting Canadian builders and developers to submit their visions for EQuilibrium™ demonstration homes. Six projects have since been completed and opened to the public for viewing. For more information on the EQuilibrium™ initiative and projects, visit www.cmhc.ca.

CMHC has worked closely with many stakeholders to develop and launch EQuilibrium™. In particular, CMHC has collaborated closely with Natural Resources Canada which has contributed substantial research and development expertise and resources to advancing the initiative.

As Canada’s national housing agency, CMHC draws on more than 60 years of experience to help Canadians access a variety of quality, environmentally sustainable, and affordable homes — homes that will continue to create vibrant and healthy communities and cities across the country.

For more info: http://www.cmhc-schl.gc.ca/en/corp/nero/nere/2009/2009-02-13-1430c.cfm

February 13, 2009 — The Honourable Diane Finley, Minister of Human Resources and Skills Development Canada and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC) today announced the three winning builder and developer teams of the second phase of CMHC’s EQuilibrium™ Sustainable Housing Demonstration Initiative. These builder and developer teams were chosen to build eco-friendly homes as part of the second phase of this innovative national project leading to the construction of the next generation of sustainable homes in B.C. and Atlantic Canada.

“The Government of Canada is proud to work with these forward-looking builder and developer teams to extend the EQuilibrium™ initiative to British Columbia and Atlantic Canada,“ said Minister Finley. “As champions of sustainable housing, they are putting their expertise to work for the benefit of Canadians and providing a blueprint for the next generation of sustainable housing in Canada.”

The winning projects include:

• The Green Dream Home (Kamloops, B.C.): a partnership between the Canadian Home Builders’ Association (CHBA) Central Interior Chapter and Thompson Rivers University (TRU);
• The Harmony House (Burnaby, B.C.): a project by Habitat Design + Consulting Ltd. and Insightful Healthy Homes Ltd.; and,
• The Moncton VISION Home (Moncton, N.B.): a project by AlternaHome Solutions Inc. in partnership with Vision Land Development Inc.

The EQuilibrium™ housing vision brings together, under one roof, the principles of occupant health and comfort, energy efficiency, renewable energy production, resource conservation, reduced environmental impact and affordability. CMHC originally launched the EQuilibrium™ initiative in May 2006 by inviting Canadian builders and developers to submit their visions for EQuilibrium™ demonstration homes. Six projects have since been completed and opened to the public for viewing. For more information on the EQuilibrium™ initiative and projects, visit www.cmhc.ca.

CMHC has worked closely with many stakeholders to develop and launch EQuilibrium™. In particular, CMHC has collaborated closely with Natural Resources Canada which has contributed substantial research and development expertise and resources to advancing the initiative.

As Canada’s national housing agency, CMHC draws on more than 60 years of experience to help Canadians access a variety of quality, environmentally sustainable, and affordable homes — homes that will continue to create vibrant and healthy communities and cities across the country.

For more information, please see:

http://www.cmhc-schl.gc.ca/en/corp/nero/nere/2009/2009-02-13-1100.cfm