July 13, 2024

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Ottawa considers building housing on federal land: Canadian real estate news for February 17

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Home of the Week, Ridge House, 395910 11th Line, Clarksburg, Ont.Mitchell Hubble/Mitchell Hubble/Modern Movement Creative

Here are The Globe and Mail’s top housing and real estate stories this week and one home worth a look.

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Federal land could be used for housing to bring down costs, minister says

As Ottawa attempts to accelerate its strategy to create cheaper housing options, new ideas on how to use federally owned land have been taking shape, write Rachelle Younglai and Erin Anderssen. Housing Minister Sean Fraser said Monday that there’s an opportunity to create housing on existing federal land — adding 60 storeys-worth of new housing on top of a Canada Post building, for example. Non-profit housing developers have said access to land is one of the most critical components of delivering affordable housing because land is scarce and expensive to purchase. Fraser said developing on top of existing federal property would allow the government to help the housing crisis without permanently losing the land to private developers.

Condo buyers get an unpleasant surprise: a stiff bill for rental equipment

Residents and owners of a recently-built Toronto condominium building facing collection letters and demands for thousands of dollars are warning others to beware of vague references to HVAC rental contracts in closing documents and sales agreements, writes Shane Dingman. Residents of an east-Toronto condo say Reliance Home Comfort Inc. presented them with pricey rental contracts for air-conditioning units installed in their homes. Some say the rental contract never appeared in their purchasing agreement, and others say a small line was included last-minute. But residents who made even a single rental payment to Reliance get hooked even deeper in their contract.

Rob Carrick: What’s the bigger risk to your retirement – cuts to the CPP or declines for stocks and real estate?

A recent report from the National Institute on Ageing says the top worries of people aged 50 and up are inflation, running out of money and a reduction in payments from the Canada Pension Plan or other government benefits. But the CPP isn’t what you should be concerned about, writes Rob Carrick in his weekly column. In the NIA study, just 12 per cent of people said they were worried about a major real estate or stock crisis. Are people really such savvy, confident investors, or has it been a while since they’re tasted the fear of a full-on stock market crash? The volatility of stocks, real estate and other assets makes the stability of the CPP all the more valuable and comforting, even with its flaws.

Home of the Week: Home on a ridge, and 25 acres of peace

  • Home of the Week, Ridge House, 395910 11th Line, Clarksburg, Ont.Mitchell Hubble/Mitchell Hubble/Modern Movement Creative

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Ridge House, 395910 11th Line, Clarksburg, Ont.

The three-bedroom home located near Collingwood, Ont. was designed by Toronto-based architecture firm Superkül. Sitting on 25 acres, Ridge House is designed to enjoy the land surrounding the home. Skylights are positioned to allow the light to move around the structure during the day, and the kitchen, dining room and living room are in the centre of the one-storey building. The best feature is a small haven carved out of a chunk of the south-west corner of the home, warmed by a gas fireplace under a vaulted ceiling clad in marine-grade mahogany, designed to sit and relax during any season.

What do you think is the asking price for the property?

a. $3,999,000

b. $4,495,000

c. $5,235,000

d. $6,089,000

b. The asking price is $4,495,000.

Ottawa to start pre-authorised dwelling design catalogue, convey back again article-war effort and hard work

The federal federal government intends to resurrect a write-up-war effort and hard work to ramp up housing construction across Canada — but with a 21st-century twist.

A consultation approach will get started next month on creating a catalogue of pre-accepted dwelling types to speed up the house-developing procedure for builders, Housing Minister Sean Fraser claimed Tuesday.

It is a reboot of a federal coverage from the article-2nd World War era, when the Canada House loan and Housing Corp. made simple blueprints to enable velocity up the construction of terribly essential properties, Fraser reported.

"When several hundreds of soldiers were being returning dwelling to be reunited with their people at when, Canada confronted tremendous housing crunches," he said.

"We intend to consider these classes from our background textbooks and deliver them into the 21st century."

Look at | Canada generating a new prefab dwelling catalogue to tackle housing shortage

Canada making a new prefab home catalogue to address housing lack

A throwback to households built immediately after the 2nd Entire world War and in reaction to the present housing crisis, the federal authorities states it will produce a present day catalogue of prefabricated structures that can be constructed quickly to dwelling Canada's booming population.

Many of the article-war property patterns — which includes people for modest detached properties recognized as "strawberry box" residences — are nonetheless scattered in neighbourhoods across the region to this day.

The modern day-working day edition of the catalogue will as a substitute emphasis on small-increase builds, this kind of as tiny multiplexes, student housing and seniors' residences, then explore a probable catalogue for larger-density development.

The objective is to better make certain housing builds can be quickly-tracked for acceptance from the CMHC and other individuals, when also marketing much larger-scale manufacturing via manufacturing facility-based construction.

"I have observed estimates from industry experts in the discipline indicating this could minimize up to one 12 months off the time for construction on a project," Fraser said.

The authorities is aiming to have the catalogue completely ready someday upcoming year.

Fraser reported it will go hand-in-hand with the countrywide constructing code. The code, which the minister stated the federal government is arranging to update, offers recommendations that are only enforceable if a province or territory chooses to undertake them.

Catalogue could be 'transformative,' specialist states

The plan of a catalogue of pre-accredited blueprints was one of several suggestions in a report co-authored by housing qualified Mike Moffatt that was produced earlier this 12 months, referred to as the National Housing Accord.

"This is potentially really transformative," Moffatt claimed in an interview.

Creating a catalogue will assistance get shovels into the ground quicker by dashing up the method of approval for every little thing from financing to municipal permitting, he claimed.

Moffatt, who is a senior director of plan and innovation at the Good Prosperity Institute, has turn out to be an influential determine on housing plan in Canada. Soon after publishing his report this summer months, Moffatt attended the Liberals' cabinet retreat to speak about housing.

Observe | Minister claims Ottawa operating to 'unclog' housing pipeline:   

Minister claims Ottawa working to ‘unclog’ housing pipeline

Federal Housing Minister Sean Fraser explains the sorts of housing the authorities has prioritized to help speed up new builds and assistance address the country’s housing disaster.

On the catalogue, Moffatt mentioned the blueprints also have the likely to improve efficiency.

"Just one of the major difficulties we are going to have setting up sufficient properties is possessing enough expert labour. And surely we want to raise the variety of tradespeople we have. But we also need to obtain approaches to be far more productive. And this would enable get us there," he said.

The federal govt has so considerably moved forward on quite a few tips in the accord that Moffatt and other stakeholders put jointly.

"We built guaranteed that we brought jointly builders and developers in the genuine-estate business, together with academics, but also with the not-for-gain aspect," Moffatt said.

"For the reason that we basically (locked) all people into a place for a day and tried out to figure out what we can all agree on, that, I believe, presents these recommendations credibility."

Canadian design leaders arrive to Ottawa to urge federal govt to partner in making a solid foundation for economic development

Field is advocating for complete infrastructure investment, workforce progress, and procurement modernization

OTTAWA, ON, Nov. 6, 2023 /CNW/ - Tomorrow, almost 100 development leaders from each and every province are gathering on Parliament Hill to provide a unified concept to the federal governing administration: partner with the construction marketplace to create a powerful basis for a much better Canada.

A Strong Foundation for a Stronger Canada (CNW Group/Canadian Construction Association (CCA))A Strong Foundation for a Stronger Canada (CNW Group/Canadian Construction Association (CCA))

A Strong Foundation for a Much better Canada (CNW Team/Canadian Design Affiliation (CCA))

Construction is a main contributor to Canada's financial health and fitness. The building marketplace contributed $151 billion (7.4%) to Canada's GDP in 2022 and generated $92.7 billion in employment income to some 1.6 million men and women across the state. Additionally, when the development sector does very well, it creates a ripple result of enlargement in other sectors like engineering, manufacturing, agriculture, technologies, and retail.

Through the Canadian Design Association's once-a-year Hill Day, Canadian construction leaders will request the Govt to:

  • Dedicate to comprehensive infrastructure investment.

  • Support deal with the workforce shortage by overhauling immigration

  • Modernize procurement procedures.

Quotes:

"Faced with fears above inflation, the housing disaster and large cost of living, Canadians are looking to their Government for answers. Development is the suitable companion to help generate economic growth for Canada — all though delivering housing and infrastructure that Canada urgently needs."

Mary Van Buren, President of the Canadian Construction Association

"The Canadian Building Association (CCA) is urging the federal federal government to collaborate with the design sector and implement plan variations that can unleash the comprehensive likely of an field that is an economic powerhouse."

Brendan Nobes, Chair, Canadian Building Affiliation

Sites

https://can.cca-acc.com/cca/a-powerful-foundation-for-a-much better-canada/
www.cca-acc.com

Social media

Twitter: @ConstructionCAN
LinkedIn: Canadian Construction Association—Association Canadienne de la Construction
YouTube: ConstructionCAN

About CCA

Throughout Canada, CCA signifies much more than 18,000 member firms drawn from 62 area and provincial integrated spouse associations. CCA gives voice to the general public plan, authorized and criteria improvement plans of contractors, suppliers and allied company gurus doing work in, or with, Canada's hefty civil, institutional, professional and industrial (ICI) construction marketplace.

The development sector is 1 of Canada's most significant employers and a important contributor to the country's financial achievement. The business, 70 for every cent of which is designed up of small and medium enterprises, employs more than 1.6 million Canadians and contributes 7.4 for each cent of Canada's Gross Domestic Product.

Canadian Construction Association logo (CNW Group/Canadian Construction Association (CCA))Canadian Construction Association logo (CNW Group/Canadian Construction Association (CCA))

Canadian Design Affiliation brand (CNW Group/Canadian Construction Affiliation (CCA))

Supply Canadian Building Affiliation (CCA)

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Check out primary material to obtain multimedia: http://www.newswire.ca/en/releases/archive/November2023/06/c8546.html