CMHC to fund Moncton project
The federal government through the Canada Mortgage and Housing Corporation today announced funding of $16 million to help construct 76 residential units at 369 Highlandview Rd. in Moncton, N.B. Birch Meadows, a four-storey building by J.N. Lafford Realty Inc., is receiving the low-cost loan through the Government of Canada’s Rental Construction Financing initiative.
De Facto to support Brivia highrise project in Montreal
Quebec-based Brivia Group today announced the signing of a strategic partnership with Ipso Facto Real Estate Fund to support the 1 Square Phillips project in downtown Montreal. The 61-storey tower will offer both condos and rental units and is being built between Place Phillips and Saint-Alexandre. Construction began last July.
Housing boost for Temiskaming Shores
The federal government will be making an announcement related to housing in Temiskaming Shores, Ont. tomorrow. Mayor of Temiskaming Shores Carman Kidd will be participating in a Zoom conference that starts at 9 a.m. EDT.
ULI Toronto webinar focuses on Asia
The Toronto chapter of the Urban Land Institute is hosting a webinar tomorrow starting at noon focused on lessons to be learned from the Asian recovery. Presenters will include experts in real estate development in a discussion on opportunities that could be harnessed by Canada’s development community.