Canada

Mandatory Home Builder Warranty in Effect Feb. 1

MHProNews.com published a story Jan. 15, 2014 regarding Alberta, Canada’s New Home Buyer Protection Act, which goes into effect Feb. 1, 2014, and insures all homes meet the same standards, including manufactured and modular homes. The home-building and remodeling industry has ranked in the top 10 for most complaints received …

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Modular Housing Gaining in Canada

Writing in treehugger.com, Lloyd Alter says modular housing is now 11 percent of the Canadian housing market, three times what it was when he was selling homes in Wingham, Ontario for Royal Homes’ Pieter Venema, who built the Kohn Shnier designed Muskoka cottage for two families. Noting factory-built homes are …

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Killam Raises Monthly Dividend

Pursuant to Killam Property, Inc.’s (TSX:KMP) dividend policy, the board of directors has declared a monthly dividend of $0.05 per common share to be paid on Feb. 17, 2014 to shareholders of record as of Jan. 31, 2014. Based in Halifax, Nova Scotia, Canada, this marks Killam’s first dividend reflecting …

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Former Manufactured Housing Plant Bustling with Modular Workforce Units

Taking over a one-time manufactured housing plant in Johnstown, Colorado, PTI Group has converted the 113,000 square-foot facility to constructing modular workforce housing for the oil, gas and mining industries in Canada. Based in Alberta, Canada, PTI scouted 78 cities before choosing the Denver area because of the availability of …

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Modular Accommodations Supplier Declares Monthly Dividend

Black Diamond Structures of Calgary, Alberta, Canada, which rents and sells remote workforce housing and modular workspace solution, has announced it will pay a dividend of $0.075 per share for January, 2014. The company’s board of directors reports the dividend will be paid on February 18, 2014 to shareholders of …

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Factory-built Homes Covered by New Mandatory Warranty

Alberta, Canada’s New Home Buyer Protection Act will offer more consumer protection when the mandatory warranty protection takes effect Feb. 1, 2014. The Canadian Home Builders’ Association-Alberta initially offered coverage on new homes beginning in 1974, and the new act ensures all builders meet the same standards. Modular and manufactured …

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Killam to Release Year-End Results

Canada’s Killam Properties, Inc. (TSX:KMP) will release its Dec. 31, 2013 year-end financials on Tue., Feb. 18, 2014 after the market closes. A live audio webcast and conference call to discuss the results will be held the following day, Wed., Feb. 19 at 10:00 AM eastern time, according to wsjonline.com. …

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Liberty Homes Showcased by Alice in Dairyland

The marsfieldnewsherald.com reports that manufactured and modular home builder Liberty Homes, Inc. of Dorchester, Wisconsin was chosen to receive a visit from the current Alice in Dairyland, Kristin Olson. Olson is the ambassador of the WI Department of Agriculture, promoting agricultural products to the state, country and world, logging 40,000 …

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Calgary, Alberta Canadian Modular Project

The Great Plains modular housing project in southeast Calgary, Alberta, Canada, built to house those displaced by the June 2013 floods is set to close in 30-60 days, according to calgaryherald.com. “It’s not a hard and fast date,” said government spokeswoman Trisha Anderson. “We’re not going to throw anyone on …

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Housing Shortage Continues in Estevan, Saskatchewan, Canada

Following up on a story MHProNews published Dec. 27, 2013 regarding the building of a modular housing development in Estevan, Saskatchewan, the Canada Mortgage and Housing Corporation (CMHC) announced that the Energy City’s vacancy rate had dropped to 0.0 percent in the spring of 2013, according to estevanmercury.ca, but a …

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Modular Housing Continues in Vancouver

According to vancouversun.com, modular housing and container housing will continue to expand in Vancouver in 2014, but will be joined by other innovative styles including duplexes, coach houses and stacked housing. Row houses offer the individuality of being distinct from a condo, but as a high-density form, fit well in …

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Modular Homes Sold in Estevan, Saskatchewan Development

Following up on a story MHProNews posted Oct. 9, 2013 regarding a housing plan for Estevan, Saskatchewan, Canada, modular homes will begin to be sited in early 2014, ready to be occupied by mid-January. Phase 1 of the Ridge subdivision has 85 lots, 60-65 of which have been sold to …

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Killam Properties Increases Dividend

As follow-up to a story MHProNews posted Dec. 18, 2013, metronews.ca in Canada reports Killam Properties, Inc. (TSX:KSM) of Halifax, Nova Scotia has increased its monthly dividend from $0.04833 cents per share to $0.05 per share. On an annual basis the increase works out to be from $0.58 to $0.60 …

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Canada’s Killam Properties Declares Monthly Dividend

The board of directors of Canada-based Killam Properties, Inc. has declared a monthly dividend of $0.04833 per common share to be paid on Jan. 15, 2014 to shareholders on record as of Dec. 31, 2013. As 4-traders.com reports, the company offers shareholders the opportunity to reinvest their dividends in additional …

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Modular Homes may House Attawapiskat in Canada

Following a post MHProNews last covered April 29, 2013 regarding the housing needs of the Attawapiskat of northern Ontario, Canada, bidding on a $2.2 million contract will close Mon., Dec. 16. It ‘s part of a larger $11.5 million, 15 project, five-year plan to increase the affordable housing stock for …

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Algeco, Modular Workforce Provider, Acquires Chard

Algeco Scotsman announces the acquisition of Chard Camp Catering Service Ltd., a provider of remote modular workforce housing and catering services, by its subsidiary, Target Logistics. With significant space for future expansion to accommodate steam-assisted gravity drainage operations, Chard owns and operates a 278-bed workforce camp just south of Fort …

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Manufactured Housing Community Buyer Identified

Following an earlier story regarding Killam Properties of Canada’s sale of 2,308 New Brunswick manufactured housing homesites for $69 million, MHProNews has learned the buyer is Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) (TSX:CAR.UN). The eleven communities, all in Atlantic Canada and primarily in scenic rural areas, include Pine …

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Leadership Change at Killam of Canada

Land lease community (LLC) owner Killam Properties, Inc. of Halifax, Nova Scotia, Canada announces George J. Reti has retired as chairman of the board and director effective Nov. 29, 2013. He joined the board when Killam became publicly-traded in 2002 and served as chairman since 2003, taking the company from …

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Manufactured Homes Moving in Canada

MHProNews has learned the Municipal Planning Commission (MPC) for the District of Willow Creek north of Fort Macleod, Alberta, Canada has approved the application for a couple to move their 2,280 square foot modular home. North of Nanton, it is the second residence on the same parcel of land. Also …

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Killam Properties Declares Dividend

Killam Properties of Halifax, Nova Scotia, Canada has declared a dividend of $0.05 per share payable on Monday, Dec. 16, 2013 to investors of record on Friday, Nov. 29, 2013. According to tickerreport.com, analysts at Dundee Securities cut their price target on shares of Killam Properties from C$11.75 to C$11.50 …

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