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 Assisted Living Provides More Options for Salmon Arm Seniors
SALMON ARM, British Columbia, November 25, 2005 — Seniors in Salmon Arm are one step closer to having more affordable housing options as construction begins on thirty new subsidized assisted living units at the Pioneer Lodge.The assisted living units self-contained apartments where seniors can lock their doors and cook their own meals, will also include housekeeping and laundry, recreational opportunities, assistance with medications and a 24-hour response system. These new units will replace 70 residential care beds at the Pioneer Lodge, which were designed for seniors with much higher care needs. ... Canada Mortgage and Housing Corporation (CMHC) ...
http://www.canequity.com/m...-11-25_CMHC-assisted_living_salmon_arm_seniors.stm

 Comparative Market Analysis
An approach for estimating the value of a property by comparing the sales prices of similar properties that have recently sold.

 New Innovative Seniors' Housing Complex to Be Built in Saskatoon
BETHANY, Saskatchewan, October 11, 2005 — Construction for a 45-unit seniors' housing complex featuring an innovative geothermal heating and cooling system was announced today in Saskatoon thanks to federal, provincial, and municipal funding."The Government of Canada is proud to be part of this innovative approach to seniors' housing in Saskatoon," said Ralph Goodale, Minister of Finance and Member of Parliament for Wascana, on behalf of Joe Fontana, Minister of Labour and Housing. "The uniqueness of this complex, with its geothermal heating which will help reduce greenhouse gases and energy costs, is an example future developments can follow." ... Canada Mortgage and Housing Corporation (CMHC) ...
http://www.canequity.com/m...0-11_CMHC-innovative_seniors_housing_saskatoon.stm

 Province Increases Funding for Affordable Housing
TORONTO, Ontario, February 14, 2005 — The Ontario government has offered to double its funding for some units being built under the Affordable Housing Program, and will provide up to $100,000 in developmental funds to assist approved non-profit groups to pay for pre-construction costs."The McGuinty government is committed to gradually match federal funding for the Affordable Housing Program," said Minister of Public Infrastructure Renewal David Caplan. "These funding improvements represent the first step towards achieving that important goal." ... Canada Mortgage and Housing Corporation (CMHC) ...
http://www.canequity.com/m...-province_increases_affordable_housing_funding.stm

 Insurable Value
A term used to designate the amount of insurance that can be carried on destructible portions of a property to indemnify the owner in the event of loss.

 Loan Processing
The steps taken by a lender to convert a loan application into an approved loan for the potential borrower. These steps include processing the application, conducting a credit investigation, evaluating the loan, etc.

 FSG - Full Service Gross (lease)

 Harmony House EQuilibrium™ Demonstration Project Starts Construction in Burnaby
BURNABY, British Columbia, August 04, 2009 — The Government of Canada today marked the start of construction ofthe Harmony House demonstration project, an energy-efficient andenvironmentally-friendly home to be built in Burnaby. ... Canada Mortgage and Housing Corporation (CMHC) ...
http://www.canequity.com/m.../2009-08-04_CMHC-harmony_house_equilibrium8482.stm

 Buy-down Mortgage
A type of mortgage loan where the lender charges below-market interest in exchange for discount points.

 National Rental Vacancy Rate Inches Down to 2.6 Per Cent
TORONTO, Ontario, December 14, 2006 — The average rental apartment vacancy rate in Canada's 28 major centres1 decreased slightly by 0.1 of a percentage point to 2.6 per cent in October 2006 compared to last year, according to the Rental Market Survey released today by Canada Mortgage and Housing Corporation (CMHC)."Solid job creation and healthy income gains helped to strengthen demand for both ownership and rental housing,” said Bob Dugan, Chief Economist at CMHC's Market Analysis Centre. “High levels of immigration were a key driver of rental demand in 2006, as was the increasing gap between the cost of home ownership and renting. These factors have put downward pressure on vacancy rates over the past year." ... Canada Mortgage and Housing Corporation (CMHC) ...
http://www.canequity.com/m...12-14_CMHC-national_rental_vacancy_rate_inches.stm

 DL - DALE

 Plat
A map that shows a parcel of land and how it is subdivided into individual lots. Plat maps also show the locations of streets and easements.

 ea. - each

 First Northern Assisted Living Units Break Ground in Burns Lake
BURNS LAKES, British Columbia, August 16, 2005 — A new $4 million housing development to provide 17 assisted living units for seniors started construction today at the official groundbreaking ceremony at the Lakes District Senior Citizens Housing Association's assisted living project. This project is funded in part under the Canada-British Columbia Affordable Housing Agreement."The Government of Canada is committed to supporting affordable housing for Canadians who need it most," said the Honourable David L. Emerson, Minister of Industry, on behalf of the Honourable Joe Fontana, Ministry of Labour and Housing. "We are pleased to be making this investment to create affordable housing units for seniors in Burns Lake. Together with our partners, we are helping more people access new units ... ... Canada Mortgage and Housing Corporation (CMHC) ...
http://www.canequity.com/m...05-08-16_CMHC-assisted_living_units_burns_lake.stm

 Construction Begins on Affordable Housing Project in Owen Sound
OWEN SOUND, British Columbia, July 11, 2008 — The Government of Canada, the Government of Ontario and the County of Grey today celebrated the start of construction of Bluewater Ridge, an affordable housing project that will provide 37 rental units for low-income families and individuals under the Canada – Ontario Affordable Housing Program. ... Canada Mortgage and Housing Corporation (CMHC) ...
http://www.canequity.com/m...2008-07-11_CMHC-construction_begins_affordable.stm

 DUCA Financial Services Credit Union Ltd.
DUCA Financial Services Credit Union Ltd. is a full service financial institution that has been serving members in the Greater Toronto Area since 1954. Since then, it has grown to a full service credit union with assets in excess of million and 12 branches in the greater Toronto area.
http://www.duca.com

 Document Needs List
An inventory of documents that a lender needs to underwrite a loan, usually including pay-cheque stubs, bank statements, and tax returns.

 Title Defect
A legal claim made by an external party against the property or the right of another party to make demands upon the property owner.

 Capital Loss
When an asset is sold for less than what you paid, or less than its adjusted basis, it is a capital loss. However, when it comes to taxes a capital loss is not always bad because you can use it to reduce the amount of income being taxed by the amount of the loss, up to $3,000 per year. If your loss is more significant, the excess (or capital loss carryover) can be carried forward indefinitely until the total loss is used.

 600,000 Households in Five Major Centres Ready to Buy a Home in 2001
OTTAWA, Ontario, February 19, 2001 — Almost 600,000 households, an average 12 per cent of all households in Halifax, Montreal, Toronto, Calgary and Vancouver, are in the market to buy a home this year, according to the Consumers Intentions to Buy or Renovate a Home report from Canada Mortgage and Housing Corporation (CMHC).Home renovations will also be strong this year. Forty seven per cent of homeowners in these five major urban centres intend to renovate their homes and have taken steps to plan these renovations. ... Canada Mortgage and Housing Corporation (CMHC) ...
http://www.canequity.com/m...001/2001-02-19_CMHC-600000_households_buy_home.stm


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