Tag: housing accelerator fund
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Calgary Risks Losing $129 Million In Housing Funding After Rezoning Repeal
Calgary may lose up to $129 million in federal housing funding after city council voted to repeal citywide rezoning, according to a new internal email from the Canada Mortgage and Housing Corporation (CMHC). The federal government has reportedly paused further payments until it receives clarity on the city’s long-term zoning direction. The potential funding freeze…
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Toronto Moves Forward on Citywide Upzoning for Sixplexes
Toronto is one step closer to legalizing sixplexes in residential neighbourhoods, after the city’s Planning and Housing Committee voted in favour of expanding multiplex permissions to allow five- and six-unit dwellings across low-rise areas. If adopted by full council later this month, this change would allow detached houses across the city to be redeveloped or…
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Downtown Calgary Adds 1,100 New Homes Through Office Conversions
Calgary is making big moves to tackle its housing needs while breathing new life into its downtown core. The city just approved 10 new office-to-residential conversion projects, which will bring 1,100 new homes and an estimated 2,000 new residents into the heart of the city. This latest round of development is part of Calgary’s broader…
Canada Housing Market 