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Quebec  + Canada  + Multi-residential Housing  | 
Two Montreal affordable housing development projects have received $17.6 million of investment from three levels of government.

Feds, Province, City Provide $23M for Two Calgary Multi-Res Projects

Two Calgary multi-residential development projects have garnered $23 million worth of new government investment.

The federal and Alberta governments and City of Calgary are investing the funds in the Hope Heights and Killarney apartment building developments.

Hope Heights is located at 117 12th Street N.W. in the Crescent Heights area. The project includes 35 one-bedroom rental units, with at least 12 units designated for women and/or women and children. The HopeSpace Society is developing the project.

The federal government invested $7.3 million through the Rapid Housing Initiative administered by the Canada Mortgage and Housing Corporation. The money is part of the third round of RHI’s cities stream. The province furnished $2.1 million and the city kicked in $872,975,000.

Calgary builder Hopewell Construction donated $1.3 million. The project is expected to be completed in fall 2024.

The Killarney project is located in the community of the same name, near Westbrook in the city’s southwest quadrant. Onward is developing the low-rise project, which will comprise mainly two-bedroom unit in support of women and children. Ottawa provided $8.3 million under RHI’s cities stream, while the province and city provided $3.4 million and $1.1 million respectively.

Onnd theTwo Montreal affordable housing development projects have received $17.6 million of investment from three levels of government.

Ottawa, the Quebec government and City of Montreal are contributing to the Old Brewery Mission Pie-IX project, which is under construction, and the completed Logis-Rap Phase II development.

Both properties are located in the Villeray Saint-Michel Parc-Extension borough and designed to curb homelessness.

Old Brewery Mission’s $12.5-million Pie-IX project will offer 27 permanent housing units when completed in fall 2024.

“These adapted housing units will be reserved for elderly clients, over 55, who are particularly vulnerable and victims of the current housing crisis,” said James Hughes, Old Brewery Mission’s president and CEO, in a news release.

The federal government provided $6.1 million through the Canada-Quebec agreement under Canada Mortgage and Housing Corporation’s Rapid Housing Initiative. The Société d’habitation du Québec (SHQ), the province’s housing agency, furnished $2.1 million through the AccèsLogis Québec program.

Meanwhile, the city kicked in $500,000.

The Logis-Rap Phase II project was built at a cost of $5.3 million. The development comprises 16 studio apartments designed for young people aged 18-30 at risk of homelessness or facing socio-economic difficulties.

According to a federal government news release, the project was made possible by support from the city and $2.7 million from the SHQ through the AccèsLogis program. Ottawa provided $200,000 under the Canada-Quebec agreement, and the city granted an additional $700,000.

Pictured: Hope Heights Apartment project in northwest Calgary

Rendering: HomeSpace Society


Inside The Story

CMHCCity of Montreal

About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.

  • ◦Development
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  • ◦Policy/Gov't
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