page contents
Sunday , 19 May 2013
  • Change at the top signals more government control at CMHC

    Change at the top signals more government control at CMHC

    Government-backed mortgage default insurance is a little like universal health care in Canada: we take it for granted, ignore it when we don’t need it, and we want it when we do need it. The difference is that unless you are an actual or potential homeowner, you probably don’t give much thought to mortgage insurance. Everyone, sooner or later, gets sick. The agency responsible for insuring mortgages in Canada is the Canada Mortgage and Housing Corporation. It is even older than our national health care, having been set up in 1946, following legislation enacted in 1944—in the depths of WWII. One of its principal purposes was and is “to assist Canadians who cannot afford housing in the private market.” In 1946, CMHC was funded with $25 million. Today it is capped at $600 billion, and has already insured homes to the value of $566 billion. It remains a question what ... Read More »
  • Tridel gives $3 million to George Brown fundraising campaign

    Tridel gives $3 million to George Brown fundraising campaign

    George Brown College announced on Friday that its long-time supporter and partner Tridel Corporation has pledged a gift of $3 million to the college’s Success at Work fundraising campaign. It is one of the most generous gifts ever made to the college. To recognize the importance of the donation, the college will name its construction management school the Angelo DelZotto School of Construction Management. Angelo DelZotto, one of the three founding brothers of Tridel, is CEO and chairman of the Tridel Group of Companies. Tridel’s donation will go to renovating and repurposing learning spaces in the George Brown College Centre for Construction and Engineering Technologies at the Casa Loma campus, according to a statement from the college. The president of George Brown College, Anne Sado, said that the college was “honoured” to be associated with Tridel and with Mr. DelZotto. “Tridel is a strong supporter of post-secondary education and has ... Read More »

Recent Posts

Scroll To Top