Latest news with #NathanielErskine-Smith
Toronto Sun
16-05-2025
- Politics
- Toronto Sun
Expecting to remain in cabinet, Toronto MP dumped stock portfolio
Beaches-East York MP and former Housing Minister Nathaniel Erskine-Smith was left blindsided upon being left out of cabinet this week Toronto-area Liberal MP Nathaniel Erskine-Smith is among those considering running for the leadership of the Ontario Liberal Party. Toronto-area Liberal MP Nathaniel Erskine-Smith. Photo by Elliot Ferguson / The Whig-Standard/Postmedia Network (file photo) OTTAWA – Taking a gamble on remaining a cabinet minister didn't pay off for one Toronto MP. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account Recently-released ethics filings show Beaches-East York MP and former housing minister Nathaniel Erskine-Smith – expecting he'd be among Liberal members named to cabinet by Prime Minister Mark Carney – dumped his portfolio of stocks just days before this week's cabinet announcement in anticipation of remaining a minister. That call, however, never came. First reported by Blacklock's Reporter , the May 1 ethics commissioner filing made public on Thursday showed Erskine-Smith divested his portfolio to comply with Canadian conflict of interest rules. Under the Conflict of Interest Act, reporting public office holders – a group of politicians that includes cabinet ministers – must sell or put into trust any publicly-traded securities, commodities and stock options within 120 days of their appointment. This advertisement has not loaded yet, but your article continues below. Read More First elected in 2015, Erskine-Smith spent much of his political career as a backbencher until he was named housing minister in December, prompting him to reverse his decision earlier in 2024 to not seek re-election. Erskine-Smith, who only spent 20 weeks in his role, was one of several Trudeau-era cabinet ministers left out of Carney's cabinet – alongside Karina Gould, Jonathan Wilkinson and Bill Blair. 'It's impossible not to feel disrespected and the way it played out doesn't sit right,' Erskine-Smith wrote in a statement earlier this week, adding he's disappointed he and his team 'won't have the chance to build on all we accomplished.' bpassifiume@ X: @bryanpassifiume Ontario Celebrity Toronto Maple Leafs Editorial Cartoons Music
Yahoo
22-03-2025
- Business
- Yahoo
Federal Government Announces First Projects Funded Under New Co-operative Housing Development Program
OTTAWA, ON, March 22, 2025 /CNW/ - The federal government announced the first co-operative housing projects to receive funding under the new Co-operative Housing Development Program (CHDP), a $1.5 billion initiative designed to support the creation of new co-op housing across the country. Through the first application window, $423 million in funding has been allocated to support eight new co-ops, creating a total of 837 new homes. The first three projects, which are the most advanced in their development process, will receive formal funding agreements this month, representing $81 million in funding to build 206 units of new co-op housing. The other projects receiving funding will be announced in the following months. Located in Upper Hammonds Plains, Nova Scotia, the Upper Hammonds Plains Housing Co-operative project received $61.2 million for 136 row house units, primarily dedicated to Black Canadians. Developed through a partnership between the Upper Hammonds Plains Community Land Trust and the Upper Hammonds Plains Housing Co-operative, this project will not only provide housing but also foster community engagement and cultural connection. In the Town of Perth, Ontario, Linden Housing Co-operative will receive $12.3 million to create 38 units, including 36 newly constructed homes and 2 units within an existing house. This project will include 8 accessible units and will target 8 units for individuals experiencing or at risk of homelessness, providing housing to those most in need. Led by the Valley Roots Housing Association, the Highbury Road project in New Minas, Nova Scotia will receive $7.1 million for 32 homes, including both apartments and townhomes. With a focus on energy efficiency, the homes will feature passive solar design to achieve net-zero performance. Quotes: "The federal government has a strong role to play in building non-market housing to provide more affordable housing options for Canadians, and this includes co-operative housing. These first projects show how co-ops can provide affordable, inclusive, and sustainable homes that respond directly to local needs." – The Honourable Nathaniel Erskine-Smith, Minister of Housing, Infrastructure and Communities Quick Facts: The National Housing Strategy (NHS) is a 10+ year, $115+ billion plan to give more Canadians a place to call home. Progress on programs and initiatives are updated quarterly on the Housing, Infrastructure and Communities Canada (HICC) website. The Housing and Infrastructure Project Map shows affordable housing projects that have been developed. As of December 2024, the federal government has committed $60.09 billion to support the creation of over 156,000 units and the repair of over 298,000 units. These measures prioritize those in greatest need, including seniors, Indigenous Peoples, people experiencing or at risk of homelessness, and women and children fleeing violence. The Co-operative Housing Development Program (CHDP) is the largest federal investment in new co-op housing development in more than 30 years, with $1.5 billion in funding. The program supports the creation of co-op homes that are more affordable than private market rentals, providing options for middle-income households. The program was co-designed with the Co-operative Housing Federation of Canada and the co-op housing sector to ensure it addresses the sector's unique needs, including capacity-building support for applicants. The first application window ran from July 15 to September 15, 2024, and additional intake windows will be announced in 2025 and beyond. Additional Information: Visit for the most requested Government of Canada housing information. CMHC contributes to the stability of the housing market and financial system, provides support for Canadians in housing need, and offers unbiased housing research and advice to all levels of Canadian government, consumers and the housing industry. CMHC's aim is that everyone in Canada has a home they can afford and that meets their needs. For more information, follow us on X (formerly Twitter), Instagram, YouTube, LinkedIn and Facebook. Progress on programs and initiatives are updated quarterly on the Housing, Infrastructure and Communities Canada (HICC) website. The Housing and Infrastructure Project Map shows affordable housing projects that have been developed. SOURCE Canada Mortgage and Housing Corporation (CMHC) View original content to download multimedia: Sign in to access your portfolio
Yahoo
22-03-2025
- Business
- Yahoo
Government of Canada awards $74 million to top-performing Housing Accelerator Fund communities
OTTAWA, ON, March 22, 2025 /CNW/ - To make progress towards solving the housing crisis we need to build more homes at prices that Canadians can afford, faster. To do this we need to end restrictive zoning and speed up permitting, and add greater density, especially near transit and post-secondary institutions. The Housing Accelerator Fund (HAF) will cut this red tape and fast-track at least 112,000 new homes by 2028, which cities and regions estimate will lead to the creation of over 750,000 new homes for people in towns, cities, and Indigenous communities across Canada over the next decade. Today, the Government of Canada announced that 27 top-performing Housing Accelerator Fund communities will receive additional funding as part of the first round of the program. This extra funding of almost $74 million will help these communities go even further to accelerate housing, fast tracking an additional 2219 housing units over the next two years. To be considered a top performer, communities met their unit forecasts and delivered on their HAF Action Plan commitments for the first year. They also proposed additional initiatives to accelerate housing making them eligible to receive up to 10% of the value of their original agreement in additional funding. HAF requires action plans from local governments, unlocking funding to ensure the timely implementation of housing initiatives, with subsequent payments upon delivering results. Local governments are encouraged to think big and be bold in their approaches, which could include accelerating project timelines, allowing increased housing density, and encouraging affordable housing units. The list of communities receiving funding under these agreements is in an Appendix to this release. The Government of Canada is making life more affordable for Canadians—and housing is key to our work. We will continue to work with provincial, territorial, and municipal governments, as well as Indigenous partners, to keep building more homes for Canadians, faster. Quote: "Our government is committed to removing barriers and cutting red tape to enable housing development, and this additional funding will help leading communities do just that." – The Honourable Nathaniel Erskine-Smith, Minister of Housing, Infrastructure and Communities Quick Facts: Launched in March 2023, the Housing Accelerator Fund is a $4.4 billion initiative from the Government of Canada that will run until 2027-2028. The first round of funding totalled $4 billion, and Budget 2024 added an additional $400 million to this program. The Housing Accelerator Fund is part of Canada's National Housing Strategy and Canada's Housing Plan, the most ambitious federal housing plan in over 40 years. Progress on programs and initiatives are updated quarterly on the Housing, Infrastructure and Communities Canada (HICC) website. The Housing and Infrastructure Project Map shows affordable housing projects that have been developed. As of December 2024, the federal government has committed $60.09 billion to support the creation of over 156,000 units and the repair of over 298,000 units. These measures prioritize those in greatest need, including seniors, Indigenous Peoples, people experiencing or at risk of homelessness, and women and children fleeing violence. In Budget 2024, the federal government committed an additional $400 million to incentivize more local governments to fast-track home construction, resulting in an additional 12,000 new homes permitted over the next four years. Associated Links: Housing Accelerator Fund Housing Accelerator Fund – Building more homes, faster National Housing Strategy Appendix: Local governments across Canada and the additional funding they are receiving under the first round of the Housing Accelerator Fund: Local Government Funding Bathurst, NB $320,000 Bilijk, NB $71,000 Bow Island, AB $160,000 Bowen Island, BC $160,000 Brokenhead, MB $64,000 Calgary, AB $22,843,000 Caraquet, NB $269,000 Coquitlam, BC $2,480,000 Dawson City, YT $118,000 Edmonton, AB $17,484,000 Edmundston, NB $415,000 Gibsons, BC $204,000 Grand-Bouctouche, NB $284,000 Humboldt, SK $226,000 Iqaluit, NU $887,000 Kitchener, ON $4,214,000 London, ON $7,391,000 Moncton, NB $1,280,000 Saint John, NB $918,000 Surrey, BC $5,100,000 Sylvan Lake, AB $540,000 Thunder Bay, ON $2,077,000 Tobique First Nation, NB $142,000 Tsal'alh First Nation, BC $142,000 Tsawwassen First Nation, BC $284,000 Vancouver, BC $4,375,000 Waterloo, ON $1,350,000 Total $73,798,000 SOURCE Canada Mortgage and Housing Corporation (CMHC) View original content to download multimedia:
Yahoo
08-03-2025
- Business
- Yahoo
Government of Canada appoints Macky Tall as Chair of the Canada Infrastructure Bank's Board of Directors
OTTAWA, ON, March 7, 2025 /CNW/ - Today, the Honourable Nathaniel Erskine-Smith, Minister of Housing, Infrastructure and Communities, is pleased to announce the appointment of Macky Tall as Chair of the Board of Directors for the Canada Infrastructure Bank (CIB) for a four-year term. Mr. Tall is widely recognized as one of Canada's foremost infrastructure investors, bringing unparalleled expertise across various sectors, including transportation, energy, water, and digital infrastructure. His extensive investment expertise will provide strong leadership to the CIB Board, ensuring that it continues to drive impactful, long-term investments in projects that benefit Canadians. Currently a Senior Advisor at the Carlyle Group, a leading global investment firm, Mr. Tall also holds key positions on several distinguished boards. His leadership and deep industry knowledge will be instrumental in advancing the CIB's mission of accelerating infrastructure development through innovative financing solutions. This appointment was made through the Government of Canada's open, transparent, and merit-based selection process. The Government of Canada also extends its sincere appreciation to Jane Bird for her dedicated service as interim Chair. Her leadership, expertise, and commitment during this transitional period have been invaluable. Quotes "With a strong history of leading significant infrastructure projects and fostering investments, Mr. Tall's leadership will be crucial to the Canada Infrastructure Bank." The Honourable Nathaniel Erskine-Smith, Minister of Housing, Infrastructure and Communities About the CIB As a Crown corporation, the CIB is governed by an independent Board of Directors, and is accountable to Parliament through the Minister of Housing, Infrastructure and Communities. By leveraging the capital and expertise of the private sector, the CIB helps public dollars go further by investing in revenue-generating infrastructure projects in the public interest. Working in cooperation with all orders of government, Indigenous and private investor partners, the CIB advances infrastructure projects across Canada that deliver on public interest outcomes, such as contributing to Canada's long-term and sustainable economic growth, supporting infrastructure that helps build more housing stock, supporting the transition to a low-carbon economy, and improving connectedness. Related products Biography: Macky Tall Associated links Governor in Council Appointments Canada Infrastructure Bank Housing, Infrastructure and Communities Follow us on X, Facebook, Instagram, and LinkedIn Web: Housing, Infrastructure and Communities Canada SOURCE Department of Housing, Infrastructure and Communities View original content: Sign in to access your portfolio
Associated Press
07-03-2025
- Business
- Associated Press
Launching the Canada Rental Protection Fund
OTTAWA, ON, March 7, 2025 /CNW/ - Today, the Government of Canada announced the launch of its call for applications to select one or more organizations that will support the Canada Rental Protection Fund. Across the country, affordable rental apartment buildings are disappearing faster than new ones can be built—lost to redevelopment, rising rents, and conversions. This growing gap drives up costs, limits housing options, and forces renters out of their communities. To address this urgent challenge, the federal government is launching the Canada Rental Protection Fund, which is part of Canada's Housing Plan, and was also reiterated in Budget 2024. This new initiative, aimed at preserving existing, market-owned affordable rental units and preventing further loss, will help safeguard housing stability for Canadians, ensuring more people can continue to live in homes they can afford. This call for applications aims to select one or more organizations that will support community housing providers to acquire rental apartment buildings and preserve the affordability of rents over the long-term. The successful applicant(s) will leverage federal funding to attract other sources of capital (e.g. private, philanthropic and other public investments) with the aim of creating a revolving source of funds for acquisitions, supporting the growth and autonomy of the community housing sector. With the Canada Rental Protection Fund, the federal government is helping protect Canada's existing housing stock and its affordability. The Government of Canada is committed to solving the housing crisis using all tools at its disposal and to ensuring that everyone in Canada has access to housing they can afford. Quote 'We need to get governments back in the game on social housing. With the Rental Protection Fund, the federal government is empowering the community housing sector to protect affordable housing options for all Canadians.' The Honourable Nathaniel Erskine-Smith, Minister of Housing, Infrastructure and Communities Quick facts The Canada Rental Protection Fund will provide $1.47 billion ($470 million in non-repayable contributions funding and $1 billion in low-interest loans) to support the acquisitions of existing, privately-owned, multi-unit residential buildings by community housing providers. This is a five-year commitment, starting in 2025. The call for applications for the CRPF has now launched. Applications can be submitted until May 21, 2025, at 4:00 p.m. [ET]. The Canada Rental Protection Fund is part of the whole-of-government approach to address housing challenges as outlined in Solving the Housing Crisis: Canada's Housing Plan. It aligns with one of the key objectives of the third pillar of the Plan – Helping Canadians who can't afford a home – which is to increase the supply of affordable housing.
