Canadian Funding Corporation

Housing markets easing

Canadian Funding Corporation blogs about:

Housing starts: The downturn in economic activity and in the employment market will lead to
housing starts that will vary from 141,000 to 180,000 in 2009 and much the same range in 2010. Both singles and multiples will see declines in 2009. Resales: Sales of existing homes through the Multiple Listing Service®2 (MLS®) are forecast to decline 14.6 per cent this year compared to last year’s level, but increase 9.3 per cent in 2010. Resale prices: After several years of strong gains, the average MLS® price is expected to decline by 5.2 per cent in 2009 as sales of existing homes moderate and new listings continue to increase. The average MLS® price is expected to see minimal change in 2010.

Canadian Funding Corporation blogs about:

Provincial Spotlight

Saskatchewan: Despite lower prices for uranium, crude oil, and agriculture, the natural resource sector will sustain economic growth in Saskatchewan. Nevertheless, given high inventory levels of completed and unoccupied units, housing activity in the province will moderate from peak levels in 2008, with some pick-up in 2010. British Columbia: Economic growth is set to moderate in the province, but will remain stronger than the national average. New home construction will decline over the forecast period. High levels of existing homes listed for sale, as well as fewer overall home sales, has created buyers’ market conditions throughout the province.

Canadian Funding Corporation blogs about:

Economic Forecasts National Housing
Outlook In Detail

Forecasts for economic growth by private sector forecasters have been revised down significantly in recent months. For example, in October of last year, the average forecast for Canadian GDP growth in 2009 was 1.1 per cent. By January, this average forecast for Canadian GDP growth in 2009 was revised down to -0.7 per cent. Housing starts this year will decrease to a level ranging between 141,000 and 180,000 in 2009, then increase marginally in 2010. Both single and multiple starts will decrease.

The new home market is moderating due to four key factors. First, strong house price growth between 2002 and 2007 has tempered home ownership demand particularly in Western Canada. Second, the record high levels of new listings have increased the competition from the existing home market and reduced spillover demand. Third, pent-up demand that built up during the 1990s is nearly exhausted and new home construction will become more aligned with long run demographic demand. And, finally, uncertainty about the economic outlook remains high and is a contributing factor restraining demand for home ownership.

About Canadian Funding Corporation

Canadian Funding Corporation (CFC) is based in Thornhill, Ontario, yet it has funded projects across Canada and into the US. Recently, CFC has garnered success in Iowa, completing progressive funding projects and home mortgages.

We fund only through licensed mortgage brokers (we do not accept applications directly from the general public, please contact your local broker to make an application to us).

Canadian Funding Corporation continues to build on its 300-plus successful loan transactions over the past 3 years and maintains focus on matching the right borrowers with the right lenders, providing improved financial solutions for its clients.

Canadian Funding Corporation parallels a multifaceted set of investors with a diversified portfolio of clients, ensuring each financial endeavor is properly conducted from the sides of both the investor and borrower. Directed by financing expert Moishe Alexander and assisted by a team of licensed Ontario mortgage brokers, Canadian Funding Corporation makes obtaining loans easier for hard-to-finance projects that other funding institutions normally deny.

The skill set of Moishe Alexander and his associates has made Canadian Funding Corporation what it is today through a number of joint venture partners and industry connections that has continuously enhanced the company’s capabilities.

Incorporating a three-step system, Canadian Funding Corporation easily provides its clients with solutions to a wide variety of funding needs. Before a transaction goes into effect, Canadian Funding Corporation listens to its client to get an outline of the potential project. Once CFC has assembled a terms agreement everyone can agree on, a contract is distributed by the company detailing how much it is able to invest and all the necessary information, and CFC then performs due diligence. Once due diligence is completed and everyone agrees with the terms, Canadian Funding Corporation provides instructions to attorneys to advance the funds to the borrowing client.

Canadian Funding Corporation donates to several local and national charities, including Chabad-Lubavitch, various synagogues around Toronto, United Chesed Charity, the Jada Foundation, Canadian Cancer Society, and the Humane Society.

Brownfield Redevelopment for Housing

Canadian Funding Corporation illustrates CMHC case studies such as the Brownfield Redevelopment for Housing. This is the Atlantic Risk-Based Corrective Action (RBCA) process. Summary brought to the Tumblr community by Canadian Funding Corporation.

Prior to 1999, the majority of petroleum-contaminated sites in the Atlantic provinces remained abandoned and unremediated because of the cost associated with remediation. Prior to the adoption of the Atlantic Risk Based Corrective Action process (Atlantic RBCA) by the Atlantic provinces, remediation had to meet generic standards or be undertaken in accordance with an approved “Site Specific Risk Assessment” (SSRA).The bulk of these sites were on the scale of corner gasoline stations and could not bear the cost of remediation to strict generic criteria or that associated with conducting an SSRA from first principles.

The Atlantic RBCA approach has changed this situation. The process established a set of scientifically derived, risk-based (and harmonized) criteria and a “pre-approved” and cost-effective methodology for applying SSRA to those sites that require it.The Atlantic RBCA process made it cost-effective for the owners of small contaminated sites, that comprise 80 to 90 per cent of the petroleum-impacted sites in the Atlantic provinces, to remediate these sites. With the benefits of standardized criteria and methods of SSRA, the rate at which petroleum impacted sites is being remediated has increased.

The Atlantic RBCA Toolkit allows developers/owners to use a pre-approved SSRA methodology, in a bundled software environment, to conduct an SSRA at a fraction of the cost of conducting an SSRA from first principles.

From the following background, Canadian Funding Corporation sees that approximately 60 per cent of Canada’s contaminated sites involve petroleum hydrocarbons.1 The Atlantic Provinces, with their reliance on groundwater resources, and disproportionate presence of petroleum impacted sites, have had to come to terms with the challenges associated with remediating these sites more quickly and more directly than have other jurisdictions in Canada.2

Much of the petroleum-related contamination in soil and groundwater in the Atlantic Provinces is the result of leaking underground storage tanks. In 1988 the government of New Brunswick enacted legislation requiring property owners to register the location of underground fuel storage tanks.This legislation was enacted to stem the damage by removing leaking tanks. Discretion was given to field inspectors as to how much remediation would take place at any given site.