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MEDIA ADVISORY - FEDERAL GOVERNMENT TO MAKE HOUSING ANNOUNCEMENT IN EDMONTON

EDMONTON, AB, March 3, 2025 /CNW/ - Media are invited to join the Honourable Randy Boissonnault, Member of Parliament for Edmonton Centre -- on behalf of the Honourable Nathaniel Erskine-Smith, Minister of Housing, Infrastructure and Communities, and Lindsay Munn, Vice President of Property Portfolio Management at Civida​

Date:March 4, 2025
Time:9:00 am MST
Location:10707 117 Street,

Edmonton, Alberta,

T5H 3W3

Based on Civida attending, I expect they're announcing a mixed-income housing project somewhere in the Edm. Centre riding.
 
Hopefully it's somewhere along the VLW.

Something extremely substantial would be nice, otherwise I don't see the point of a press conference.
 
MacLac said:
There's a smash down at this address and a suitable already empty lot across 107.....

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I think the reason it's at this address is that it's an affordable housing property operated by Capital Region Housing Corp.

Maybe the Feds are kicking money to its remediation? Or to opening a Civida-operated facility on the lot next to it?
 
policyenthusiast said:

MEDIA ADVISORY - FEDERAL GOVERNMENT TO MAKE HOUSING ANNOUNCEMENT IN EDMONTON​

​

EDMONTON, AB, March 3, 2025 /CNW/ - Media are invited to join the Honourable Randy Boissonnault, Member of Parliament for Edmonton Centre -- on behalf of the Honourable Nathaniel Erskine-Smith, Minister of Housing, Infrastructure and Communities, and Lindsay Munn, Vice President of Property Portfolio Management at Civida​

Date:March 4, 2025
Time:9:00 am MST
Location:10707 117 Street,

Edmonton, Alberta,

T5H 3W3

Based on Civida attending, I expect they're announcing a mixed-income housing project somewhere in the Edm. Centre riding.
Click to expand...
Honourable and this guys name should never be together. How is he not in jail yet
 
Barnaby said:
Hopefully it's somewhere along the VLW.

Something extremely substantial would be nice, otherwise I don't see the point of a press conference.
Click to expand...
Have an update, it is quite substantial:

News From Canada Mortgage and Housing Corporation (CMHC):​

Federal government invests in 1431 homes in Edmonton​

EDMONTON, AB, March 4, 2025 /CNW/ - Today, the Government of Canada announced more than $46 million in contributions and low-cost repayable loans to build and renew 1431 homes at 21 housing projects located across Edmonton.

Today's announcement was made by the Honourable Randy Boissonnault, Member of Parliament for Edmonton Centre, Alberta, on behalf of the Honourable Nathaniel Erskine-Smith, the Minister of Housing, Infrastructure and Communities, alongside Lindsay Munn, Vice President of Property Portfolio Management for Civida.

The announcement took place at Central Village, a low-rise 42-unit apartment building owned and operated by Civida, which received $24,300 funding through Canada Greener Affordable Housing (CGAH) program as part of today's announcement.

The projects announced today are supported by various initiatives under the National Housing Strategy (NHS) and are designed to meet needs across the housing continuum, with a focus on Edmonton's most vulnerable populations.

The funding announced today includes:

  • $37,179,550 in contributions and loans through the Affordable Housing Fund (AHF), which will help create 124 units across 2 projects.
  • $8,836,337 in contributions and loans through the Canada Greener Affordable Housing (CGAH), which will help renew 1307 units across 19 projects.
 
policyenthusiast said:
Have an update, it is quite substantial:

News From Canada Mortgage and Housing Corporation (CMHC):​

Federal government invests in 1431 homes in Edmonton​

EDMONTON, AB, March 4, 2025 /CNW/ - Today, the Government of Canada announced more than $46 million in contributions and low-cost repayable loans to build and renew 1431 homes at 21 housing projects located across Edmonton.

Today's announcement was made by the Honourable Randy Boissonnault, Member of Parliament for Edmonton Centre, Alberta, on behalf of the Honourable Nathaniel Erskine-Smith, the Minister of Housing, Infrastructure and Communities, alongside Lindsay Munn, Vice President of Property Portfolio Management for Civida.

The announcement took place at Central Village, a low-rise 42-unit apartment building owned and operated by Civida, which received $24,300 funding through Canada Greener Affordable Housing (CGAH) program as part of today's announcement.

The projects announced today are supported by various initiatives under the National Housing Strategy (NHS) and are designed to meet needs across the housing continuum, with a focus on Edmonton's most vulnerable populations.

The funding announced today includes:

  • $37,179,550 in contributions and loans through the Affordable Housing Fund (AHF), which will help create 124 units across 2 projects.
  • $8,836,337 in contributions and loans through the Canada Greener Affordable Housing (CGAH), which will help renew 1307 units across 19 projects.
Click to expand...
I wonder if the renewal funding is going toward the renewal work already underway, or if it covers new stuff. I'm also looking for details on where those two new projects are located.
 
policyenthusiast said:
Have an update, it is quite substantial:

News From Canada Mortgage and Housing Corporation (CMHC):​

Federal government invests in 1431 homes in Edmonton​

EDMONTON, AB, March 4, 2025 /CNW/ - Today, the Government of Canada announced more than $46 million in contributions and low-cost repayable loans to build and renew 1431 homes at 21 housing projects located across Edmonton.

Today's announcement was made by the Honourable Randy Boissonnault, Member of Parliament for Edmonton Centre, Alberta, on behalf of the Honourable Nathaniel Erskine-Smith, the Minister of Housing, Infrastructure and Communities, alongside Lindsay Munn, Vice President of Property Portfolio Management for Civida.

The announcement took place at Central Village, a low-rise 42-unit apartment building owned and operated by Civida, which received $24,300 funding through Canada Greener Affordable Housing (CGAH) program as part of today's announcement.

The projects announced today are supported by various initiatives under the National Housing Strategy (NHS) and are designed to meet needs across the housing continuum, with a focus on Edmonton's most vulnerable populations.

The funding announced today includes:

  • $37,179,550 in contributions and loans through the Affordable Housing Fund (AHF), which will help create 124 units across 2 projects.
  • $8,836,337 in contributions and loans through the Canada Greener Affordable Housing (CGAH), which will help renew 1307 units across 19 projects.
Click to expand...
Can someone explain to me how it makes sense to spend $37 million to create 124 affordable housing units? This works out to almost $300k per unit. Wouldn’t it be better to just purchase the zillions of condos we have priced under $300k and convert the to affordable housing? I know these would be new supply, but at $300k per unit, it seems expensive
 
Wouldn't buying up a bunch of condos make condos less affordable (for those not eligible for official affordable housing), keeping people in the rental market and making rentals less affordable? I don't know what's a reasonable cost, but it makes sense to me that you have to increase supply to have a real impact on affordability.
 
Last edited:
edm13 said:
Can someone explain to me how it makes sense to spend $37 million to create 124 affordable housing units? This works out to almost $300k per unit. Wouldn’t it be better to just purchase the zillions of condos we have priced under $300k and convert the to affordable housing? I know these would be new supply, but at $300k per unit, it seems expensive
Click to expand...
One obstacle is the decentralization of condo sales. It's unlikely that Civida wants to run 100 units in 100 buildings, as the administrative burden makes a dedicated building more fiscally responsible.

I'm speculating though.
 
Gronk! said:
edmonton.taproot.news

Council urged to accelerate adoption of heat pumps

A city committee is urging council to partner with EPCOR to accelerate the adoption of ground-source heat pumps.
edmonton.taproot.news edmonton.taproot.news
Click to expand...
I'm a bit confused, what exactly is Janz going to pitch? If it's a grant program to encourage heat pump retrofits, why would EPCOR need to be involved? They don't install heat pumps to my knowledge.

The only guess I have is that they want people to switch from gas heating to electric heating, and EPCOR might be interested because they would benefit from the increased power demand.
 
constance_chlore said:
Wouldn't buying up a bunch of condos make condos less affordable (for those not eligible for official affordable housing), keeping people in the rental market and making rentals less affordable? I don't know what's a reasonable cost, but it makes sense to me that you have to increase supply to have a real impact on affordability.
Click to expand...
It would be an absolute nightmare from an operations and management perspective. Hence why it would never be considered.
 
7da4756f-5ec3-92fb-4d70-642cb7f39032.jpg
Edmonton ranks #1 in housing affordability
The Canadian Home Builders’ Association (CHBA) announced that Edmonton ranked number one in its 2024 Municipal Benchmarking Study. This is the second time in a row Edmonton has taken top spot on the survey, which examines how local development processes, approvals and charges affect housing affordability and housing supply in major housing markets across the country.
 
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