HD Supply Canada, Inc’s Post

🚀 Exciting News for Municipalities across Canada 🏗️ Today, the federal government of Canada announced a new $6-billion Canada Housing Infrastructure Fund aimed at tackling the housing crisis. What we love is the emphasis on the construction and upgrading of essential infrastructure, including water, wastewater, stormwater, and solid waste systems. This is a challenge we've heard ALOT of our clients and partners speak about, and it's nice to see some action. With $1 billion dedicated to municipalities for urgent infrastructure needs, the opportunity for impactful and sustainable development that goes beyond the immediate housing crisis is immense. BUT, there's a lot of areas where this could go wrong. If projects are rushed, communities could be left with infrastructure that's not resilient, fails to meet future needs, has unsustainable maintenance costs, or is just flat out poorly planned. Let's make sure these projects start on solid ground and work together to build a future where housing is accessible, and infrastructure meets the needs of our growing communities. You can read more here: https://lnkd.in/dRzd6Ac2 #HousingCrisis #InfrastructureInvestment #MunicipalDevelopment #dependbuild

The federal government began accepting applications for the Canada Housing Infrastructure Fund this week. To be eligible, applicants have to: 1. Adopt multiplex zoning. 2. Implement a three-year freeze on DCC rate increases. It will be interesting to see which municipalities (and regional governments) apply. Full details here: #realestate #housing #development #construction #infrastructure #canada

Canada Housing Infrastructure Fund Launch: 1.) The government launches a $6B fund to boost critical infrastructure for housing. 2.) Development Charge Freeze: Eligible municipalities must freeze development charges for 3 years to qualify. 3.) CRE Opportunity: Lower DC rates mean reduced development costs, presenting a ripe opportunity for growth in the residential real estate market. The CHIF brings incentives that could shape a more affordable path for development. Are you ready to leverage these opportunities? https://lnkd.in/gxiPcXJ2

Government of Canada commits $6B to Canada Housing Infrastructure Fund (CHIF) for housing infrastructure. - CHIF aims to accelerate construction and upgrade of critical housing infrastructure like water, wastewater, stormwater, and solid waste. - $1B of the $6B allocated for municipalities with urgent housing infrastructure needs. - Remaining $5B for provinces/territories supporting long-term priorities if they increase housing supply. Some of the key actions required: >Require municipalities to allow four units per lot. >Implement three-year freeze on increasing development charges. - Provinces to secure CHIF agreement by January 1, 2025; territories by April 1, 2025. - Additional $400M announced for Housing Accelerator Fund, totaling $4.4B. - New requirements for accessing public transit funding: eliminate mandatory minimum parking within 800m of transit lines, allow high-density housing near transit and post-secondary institutions, conduct housing needs assessment for populations >30,000. https://lnkd.in/gjQrugcX

Housing, Infrastructure & Communities Canada: "As you note (Canada Housing Infrastructure Fund) program requirements include that municipalities & regional govts with a population of 300,000 or more must implement a 3-year freeze on increasing the cost of development charges" https://lnkd.in/gnfsFwUU

“Yes, Canada needs more housing, but to realize this goal, we need the necessary infrastructure — the water lines, streets, sewers, storm drains, and all the other essential municipal services — that make new homes possible.” Mary W. Rowe Canadian Urban Institute (CUI) report, "A Jump Start: Providing Infrastructure for More Housing," finds that the estimated cost of housing-enabling infrastructure across Canada averages over $100,000 per new home. Considering Canada’s housing targets, the report suggests there are likely hundreds of billions of dollars required to fund the housing-enabling infrastructure needed across the country. “Municipalities often face challenges financing the critical infrastructure they need to help unlock new housing developments, whether they are relying on municipal debt, property taxes, utility rates, government grants or levies on developers.” Ehren Cory Canada Infrastructure Bank/ Banque de l'infrastructure du Canada #infrastructure #housing https://lnkd.in/gmp_iF7H.

A big day for federal infrastructure news! 🏘 🏗 🚍 🚰 The federal government is creating a new $6-billion Canada Housing Infrastructure Fund, which will go to the construction and upgrading of water, wastewater, stormwater and solid waste infrastructure, something cities have said is critical to building more housing. $1 billion will go directly to municipalities, and the remaining $5 billion will be unlocked as part of deals with provincial governments to make missing middle housing more viable in larger urban centres. If a provincial government doesn't reach a deal, the money goes directly to the cities. Building on the success of the Housing Accelerator Fund, another $400 million is being added to the HAF envelope. This will hopefully re-open the door to funding for municipalities that have ambitious housing plans. Read more here: https://lnkd.in/eyTaYe9W

🏡🇨🇦The federal government is investing billions in a new Canada Housing Infrastructure Fund to address the housing crisis. Provinces and territories must meet certain conditions to access the funding, such as allowing more types of homes and freezing development charges. Additional funding is also going to a housing accelerator fund. These measures are part of the government's efforts to tackle housing issues. What are your thoughts about this new initiative by the Canadian government?

The Government of Canada has announced the new $6 billion Canada Housing Infrastructure Fund to help support the cost of building infrastructure that supports new residential density and population growth, reported Daily Hive. "This will go towards critical utilities infrastructure projects such as water supplies, sewerage pipes and treatment, stormwater catchment pipes, and solid waste infrastructure, announced Prime Minister Justin Trudeau in a press conference today. But there is a big catch." "Although municipal and regional governments are largely the cost bearers of such critical infrastructure, the vast majority of the $6 billion will go to the provincial governments initially before being distributed to local and municipal governments. With the provincial governments holding onto $5 billion, the municipal governments will receive $1 billion to help support any urgent infrastructure needs towards supporting more housing." https://lnkd.in/dZSau7-d #canada #residential #development

The Coalition in Australia has released a key part of its housing plan, including plans to help fund enabling infrastructure for detached housing in greenfield sites and to freeze changes regarding the National Construction Code (presumably only major increases in energy performance requirements) for 10 years. The plan has been praised by UDIA National President Col Dutton and Civil Contractors Federation National CEO Nicholas Proud among others. What's your take? Whose housing strategy do you prefer - the Coalitions or Labors? Personally, here's my brief take on the Coaliton's plan thus far (1) Focus on enabling infrastructure: really good move. (2) Previously announced measures to bring migration down to sustainable levels: big tick. Migrants are an asset to our country but migration levels need to be brought under control to ease demand on new housing and infrastructure. (3) No changes to NCC for ten years - question mark. Yes NCC 2022 was a massive step for industry to swallow but must we really now have ten years with no Code improvements? Could we not have more modest upgrades? (4) No apparent plan so far to increase social housing stock - big minus. We desperately need more social housing to address the current dire situation facing vulnerable families. #property #housing #construction #realestate #australia https://lnkd.in/g9GdN4ia