Canada

Manufactured Home Community Residents Balk at Utilities Increase

The 59 percent increase in water and garbage pickup rates in New Sarepta, Alberta, Canada has some residents of the New Sarepta Mobile Home Park and the city ready to leave. A group of citizens attended the Leduc County Council meeting to request changes. Rate hikes went into effect in …

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Sunday Morning Recap May 11-May 16, 2015

ROC USA notches 113th Co-op. MHC Owners Honors Industry Members. RV/MH Chooses 2015 Class. Deer Valley Plummets. Rising Rents makes MH Living more Feasible. World Expo Modular. New MHC Approved. CDBG not for MH. England Modulars. Sen. Shelby proposes MH Access. Habitat Modular in New Jersey. Nadeen Green Honored. Aussie …

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Property Tax Rolled Back in Manufactured Home Community

When David Sims received his property tax statement recently from the city of Raymond, Alberta, Canada, he was outraged that his yearly payment had increased from $411 to $1,111. Living on a fixed government pension in a manufactured home community (MHC) of 32 homes, his MH was assessed at three …

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Affordable Modular Housing for Seniors Possible in British Columbia

Steven Hill of Septen Financial proposed to the Rossland City Council of British Columbia, Canada that the city provide land for 14 to 18 modular homes that would be built for seniors in Kelowna, BC, and be sited in Rossland. He suggested a team of builders and finance officers would …

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Sunday Morning Recap May 4-May 9, 2015

ROC Racks up Two More MHC Co-ops. Legislator Questions HUD Contract. HUD Code Production Rises. Modular Skyscraper Rises Quickly in China. Modular Future Questionable in NYC, as it Gains a Floor in Texas, adds Luxury Complex in Silicon Valley. Cavco Acquires Fairmont. MHCC Seeks MH Multifamily. Google Denied Modular Expansion. …

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Upscale Modular Home is Top Prize in Lottery

Karoleena, an Okanagan, British Columbia, Canada modular home builder, has been selected to build the Pacific National Exhibition (PNE) show’s prize home, according to infotel.ca. The 3,800 square-foot, $2.1 million dollar modular home took six months to build and 30 days to assemble on-site. It will be trucked to the …

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CAPREIT Announces Monthly Distribution

MHProNews has learned from marketwatch that Canadian Apartment Properties Real Estate Investment Trust (CAPREIT), owner of manufactured home communities, announces that its Board of Directors has approved a 3.4 percent increase in annualized cash distributions. Effective with the May 2015 distribution, $1.22 per unit ($0.0107 monthly) will be paid on …

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Drew Draws Aces, Posting Record First Quarter 2015

Net sales for Drew Industries, Inc. (NYSE:DW) in the first quarter of 2015 rose to a quarterly record $361 million, 27 percent higher than for the same period 2014, resulting in net income of $20.1 million, $0.82 per diluted share, versus $16.2 million, or $0.67 per diluted share for the …

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Shipping Containers becoming Modular Housing north of the Border

Blocks Modular of Calgary, Alberta Canada are converting steel shipping containers (“seacans”) into hotel suites, affordable housing units, staff accommodations and cottages, according to what globalnews.ca tells MHPronews. “It is narrow, but that’s only one. And you put two or three together with the proper floor plan and it opens …

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Drew Industries Acquires Canadian Firm

Lippert Components, Inc., a wholly-owned subsidiary of Drew Industries, Inc., which supplies components to the manufactured housing and recreational vehicle industries, has acquired Spectal Industries., Inc. of Granby, Quebec, Canada. With production facilities in Canada as well as Tennessee and South Carolina, Spectal manufactures doors and windows for commercial and …

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Atlantic Canada Firm Acquiring Manufactured Home Communities

MHProNews has learned from ngnews.ca that Blair van Veld was chosen vice president of the Manufactured Housing Association of Atlantic Canada (MHAAC) in February. He and his father, Tony, own Twin Rivers Properties and Home Sales in Pictou, Nova Scotia, Canada near the Northumberland Strait. The company recently acquired its …

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Saudi Arabia Responding to Competition from North American Fracking

Seen lower prices at the pump lately?  Saudi Arabia has enough petroleum reserves and funds to sustain itself for eight years with Brent crude at $83/bbl. – and they are now undercutting the competition to gain market share – to counter production increases in Canada and the U. S., businessincanada …

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Canada’s Economy, Housing Strong Despite Rising Debt and Home Prices

Moody’s Investor Services, a leading credit-rating agency, tells MHProNews  that while the Canadian government has an AAA rating due to its improving finances and its strong regulatory and institutional framework, rising home prices and high consumer debt may pose a risk to the economy. Steven Hess, Moody’s senior vice-president, says, …

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Canadian Manufactured Homeowners Seek Added Protection

The Surrey Manufactured Homeowners Association in Surrey, British Columbia, Canada wants the city council to better protect owners of manufactured homes (MH) and provide more rights. Specifically, as nownewspaper tells MHProNews, the association wants more remuneration for residents when communities close and standards created for management upkeep of communities. The provincial …

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Canadian Modular Housing Development may need Lower Population Density

Following a story MHProNews first posted Sept. 5, 2014 regarding a plan to site 166 modular homes on both sides of the South Alouette River in the Maple Ridge area of Vancouver, British Columbia, Canada, the proposal initially called for four times the density currently allowed by law, but the …

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Killam to Release Q3 2014 Financials

According to istockanalyst.com, Killam Properties Inc. (TSX:KMP) will be releasing its financial results for the third quarter ended Sept. 30, 2014 on Tuesday, Nov 4, 2014 after the close of the market. A conference call to discuss the results will be held the following day, Nov. 5, at 12:00 noon, …

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Modular Homes included in Montreal Home Show

Included in the 300 exhibitors at the Montreal Fall Home Expo in Montreal, Canada will be a variety of modular homes, including Maison Bonneville’s Intergenerational EVO3 home. A blend of contemporary and traditional styling, according to montrealgazette.com, the home has three bedrooms and a play area on the ground floor, …

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Builders Betting on Small Modular Homes in Northern Ontario

Frank LaCrosse and Jib Turner are building small, modular homes in Little Current, Ontario, Canada—inexpensive to heat, maintain and afford. The 600-1,000 square foot homes have safe spray foam between the lightweight steel studs, in advance of the drywall, and the outside is an exterior insulation and finishing system, called …

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Killam Properties Announces .05 Dividend

Killam Properties, Inc. (TSE:KMP) has announced a dividend of $0.05 per share on Wed. Oct 15, 2014 to shareholders of record on Sept. 30, according to watchlistnews.com. This represents a dividend yield of 5.76 percent. With five analysts having issued a hold rating and two a buy rating, Killam has …

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Ruth Lake Lodge honored as Modular Building Institute Building of the Month

The Modular Building Institute (MBI) has chosen the Ruth Lake Lodge north of Fort McMurray in Alberta, Canada as its Building of the Month for Sept. 2014, according to realestaterama.com. Providing housing for employees of the Athabasca Oil Sands industries and visitors to the area, the complex has over 600 …

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