Your co-op is seen as a business by private lenders, including credit unions, banks and others. So, when you start looking for a mortgage loan, your co-op will be eligible for a commercial mortgage, rather than a residential mortgage. Often lenders post residential mortgage rates on their website
The Community Housing Transformation Centre (The Centre) has officially opened its virtual doors on December 13, 2019 with a mission to work with housing organizations across Canada. The Centre is a one-stop shop for housing expertise, resources and counsel that provides real solutions for housing
This March, more than a hundred Agency clients will see their operating agreements expire along with their last payment of income-tested assistance. Just in time, with a start date of April 1, 2020. Canada Mortgage and Housing Corporation (CMHC)’s new FCHI Phase 2 Rental Assistance program will then
Each year Canada Mortgage and Housing Corporation (CMHC) produces rental-market reports for many parts of Canada. These reports are an in-depth look at the trends Canadians can expect to see in rental housing. Because CMHC’s rental-market reports for January 2020 covered only major cities, we asked
The Agency sent the notice below to all its clients on Thursday, March 26, 2020.
While this new reality lasts, your co-op will need to keep things moving as much as possible. The situation is evolving every day, but here is what we know now.
We encourage our co-op housing
The Agency sent the notice below to all its clients on Friday, March 27, 2020.
Circumstances in Canada are changing from day to day, as the COVID-19 pandemic makes itself felt throughout our lives. For this reason, CMHC has made three decisions that affect housing co-ops.
FCHI-2 is the new rental-assistance program for federally administered co-ops and non-profits, announced as part of the federal government’s National Housing Strategy. With all of Canada battling to slow the spread of COVID-19, CMHC has delayed its launch of the new program to September 1, 2020
CMHC has provided the Agency with the 2020 utility allowances.
92% of Agency clients have a Strengthening or Stable risk trend. Proof of many good decisions.