Saturday, September 29, 2018

The Canada Mortgage and Housing Corporation and it's partner, the Canada Lands Company.

     In April of 1998 all the residential land holdings of the Canada Mortgage and Housing Corporation were transferred to the Canada Lands Company. The CMHC portfolio was worth $62 million dollars, and the mandate of the CLC was to dispose of/privatize the real estate.

A classified ad in the Globe and Mail newspaper. The Kingstonian Apartments at 780 Division Street Kingston were financed by Canadian taxpayers. The CMHC built affordable housing.

Willow Park, Winnipeg - constructed in 1966.
 Kingston, Ontario - The Crown corporation CMHC  constructed the Kingstonian Apartments; and Eldon Hall Place, which was located on the grounds of the Collins Bay Institution.

Ottawa - 800 Montreal Road, which is located next to CMHC National Headquarters, was recently sold. CLC demolished the Fortintek Building, where research into forestry was conducted.
CMHC National Headquarters, 700 Montreal Road Ottawa.

Ottawa - 1970 - The National Capital's version of  Rochdale College was constructed  at 160 Chapel Street. "The People's College" had 215 apartments, 408 hostel bed accommodations and commercial space. The property was repossessed by the Crown corporation, and in 1997 the former college was converted into luxury apartments.

Toronto - 1966- the Rochdale College project was approved by the CMHC--267 apartments and 119 hostel bed accommodations, plus parking and commercial space. The project was intended for student housing, and loans were made to student co-operatives. By 1975 Rochdale College was acquired by the CMHC.
1998-Canada Lands Company acquired the title to the former CMHC Ontario Headquarters in Toronto, 650 Lawrence Avenue West.

Montreal - In 1967 the CMHC accepted responsibility for all assets of the Canadian Corporation for Expo 67, located at Cite du Havre, Montreal,including:
Habitat 67
Victoria Auto Park
The Autostade.

Vancouver - During 1972 the Crown corporation assumed responsibility for a dilapidated industrial area known as Granville Island. The island was converted into a "people place" with a theatre, food markets and industrial and exhibition buildings.
The 272 hectare Blair Rifle Range, North Vancouver was transferred from DND to CMHC for $1 dollar in 1969.

The Fraser Institute wants to see the devolution of federal government properties, including Canada Place in Vancouver with its iconic sails.

No comments:

Post a Comment