Government of Canada expands shelters network for Indigenous survivors of family violence
OTTAWA, ON, 3 hours ago OTTAWA, ON, June 17, 2021 /CNW/ -The Government of Canada, through Canada Mortgage and Housing Corporation (CMHC) and Indigenous Services Canada (ISC), with the help of Indigenous partners has selected recipients for the construction of 12 new shelters across Canada for Indigenous women, children, and 2SLGBTQQIA+ people escaping family violence. The Honourable Ahmed Hussen, Minister of Families, Children and Social Development, along with the Honourable Marc Miller, Minister of Indigenous Services, announced today over $85 million to build and support the operation of 12 new emergency shelters across Canada over 5 years, as well as an additional $10.2 million annually thereafter.
NexLiving Communities Enters into Definitive Agreement to Acquire 47 Unit Multi-Family Property in Saint John, NB
HALIFAX, NS, Thu, Jun 17 2021 5:30 PM NexLiving continues to deliver on the strategy of acquiring premium properties within its key 55+ active living demographic Acquisition of 47 units in Saint John will grow the overall number of suites in the Company's portfolio by approximately 9% Attractive cap rate of 5.1% and mortgage rate of 1.95% Building was constructed in 2020 and is fully leased HALIFAX, NS, June 17, 2021 /CNW/ - NexLiving Communities Inc. (TSXV: NXLV) ("NexLiving" or the "Company") announced today that it has entered into an agreement to acquire Village View No. 4 Limited Partnership, whose sole asset is a 47 unit multi-family rental property located at 49 Noel Avenue, Saint John, New Brunswick (the "Noel Property" or "Acquisition"). The purchase price for the Noel Property is $12,750,000, subject to customary adjustments, which will be paid by the issuance of 3,750,000 common shares of NexLiving to the vendors at a price of $0.20 per common share, the assumption of a first mortgage in the amount of approximately $9,400,000 and the balance in cash. The Noel Property is 100% leased and generates a run-rate net operating income of approximately $650,000, which implies a capitalization rate at the time of the acquisition of 5.1%. The mortgage has a 3-year term and a fixed interest rate of 1.95%.
More rental housing for families in Halifax
HALIFAX, NS, Wed, Jun 16 2021 11:00 PM HALIFAX, NS, June 16, 2021 /CNW/ - Every Canadian deserves a safe and affordable place to call home. Thanks to investments made by the Government of Canada, residents of Halifax will soon have access to more stable rental housing options. Today, the Honourable Ahmed Hussen, Minister of Families, Children and Social Development and Minister responsible for Canada Mortgage and Housing Corporation (CMHC), alongside Geoff Regan, Member of Parliament for Halifax West announced a $115.5 million low-cost loan to help construct a new mixed-use building located at 3514 Joseph Howe Drive in Halifax, Nova Scotia.
BTB Announces the Results of the 2021 Election of Trustees
MONTRÉAL, QC, Wed, Jun 16 2021 9:00 PM MONTRÉAL, QC, June 16, 2021 /CNW Telbec/ - June 16th, 2021: BTB Real Estate Investment Trust (TSX: BTB.UN) ("BTB" or the "REIT") is pleased to announce that each of the Trustees nominated in the Management Information Circular dated May 11, 2021, were elected as Trustees of BTB during the Annual and Special Meeting of Unitholders held in Montréal on June 15th, 2021. The details of the election are as follows:
Killam Apartment REIT Announces June 2021 Distribution
HALIFAX, NS, Wed, Jun 16 2021 6:24 PM HALIFAX, NS, June 16, 2021 /CNW/ - Killam Apartment REIT (TSX: KMP.UN) is pleased to announce its June 2021 monthly distribution. The distribution of $0.05667 per unit will be paid on July 15, 2021, to unitholders of record on June 30, 2021. Killam Apartment REIT offers a distribution reinvestment plan (the "DRIP"). Eligible unitholders may reinvest their cash distributions, on each distribution payment date, in additional units. Participating unitholders will receive an additional distribution of units representing 3% of the amount of the distribution reinvested pursuant to the DRIP.
Canadian housing starts trended slightly higher in May
OTTAWA, ON, Tue, Jun 15 2021 5:43 PM OTTAWA, ON, June 15, 2021 /CNW/ - The trend in housing starts was 280,779 units in May 2021, up slightly from 278,462 units in April 2021, according to Canada Mortgage and Housing Corporation (CMHC). This trend measure is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts. "The national trend in housing starts remained elevated in May, registering a slight increase from April," said Bob Dugan, CMHC's chief economist. "In May, higher multi-family SAAR starts offset lower single-detached starts in Canada's urban areas, contributing to the increase in the National trend. However, Toronto, Vancouver and Montreal starts trended lower in May, as these markets continued to moderate from the historical highs recorded in the first quarter of the year."
Cabot Appoints Jason McCarty As Director Of Golf At Cabot Saint Lucia
TORONTO, Tue, Jun 15 2021 5:41 PM TORONTO, June 15, 2021 /CNW/ -- Cabot, the developer and operator of master-planned golf resort communities, announced today that Jason McCarty has joined Cabot Saint Lucia as Director of Golf. The second project from the brand is set to open in 2022 on a spectacular 375-acre peninsula at the northern tip of Saint Lucia. Situated along 1.5 miles of breathtaking coastline, Cabot Saint Lucia will be home to a residential community with world-class amenities, a boutique resort and a standout golf club with Coore & Crenshaw's first Caribbean course.
Ivanhoé Cambridge and Hines finance CIBC SQUARE 141 Bay with $780M Green Construction Loan
TORONTO, Tue, Jun 15 2021 4:30 PM Largest Green Real Estate Construction Loan in the History of the Canadian Market TORONTO, June 15, 2021 /CNW Telbec/ - Ivanhoé Cambridge and Hines, with CIBC as Administrative Agent and Green Structuring Agent, as well as Desjardins Capital Markets and HSBC Bank Canada as co-leads, announce the financing of the construction of 141 Bay, phase II of CIBC SQUARE, with a $780M Green Construction Loan. The loan is aligned with the Green Loan Principles as established by the Asia Pacific Loan Market Association, the Loan Market Association and the Loan Syndications and Trading Association as of May 2020.
Canada announces $14 million to support Affordable Housing research
OTTAWA, ON, Mon, Jun 14 2021 8:00 PM OTTAWA, ON, June 14, 2021 /CNW/ - Every Canadian deserves a safe and affordable place to call home. That is why the Government of Canada is helping to foster innovative solutions through research aimed at improving the availability of affordable housing. Today, the Honourable Ahmed Hussen, Minister of Families, Children and Social Development and Minister responsible for Canada Mortgage and Housing Corporation (CMHC), the Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry and Adam Vaughan, Parliamentary Secretary to the Minister of Families, Children and Social Development and Minister responsible for Canada Mortgage and Housing Corporation (CMHC), announced that almost $14 million in funding has been allocated to housing research under the National Housing Strategy`s (NHS) Collaborative Housing Research Network (CHRN).
Media Advisory - Empire Company Limited Advisory of Q4 and Full Year Fiscal 2021 Results Conference Call
STELLARTON, NS, Wed, Jun 9 2021 7:00 PM STELLARTON, NS, June 9, 2021 /CNW/ - Empire Company Limited (TSX: EMP.A) will release its fourth quarter and full year fiscal 2021 results on June 23, 2021 at 6:30 a.m. (Eastern Daylight Time). The release will be followed by a conference call beginning at 12:30 p.m. (Eastern Daylight Time) with senior management. The dial-in numbers for the conference call are: (416) 764-8688(888) 390-0546 To secure a line, please call 10 minutes prior to the conference call. You will be placed on hold until the conference call begins. The media and investing public may access this conference call via a listen mode only. You may also listen to a live audiocast of the conference call by visiting the "Quick Links" section of the Company's website located at www.empireco.ca.