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Renovating or expanding a home is a major disturbance and financing commitment for any homeowner. Some homeowners have the luxury of personally financing a major renovation project while others require assistance from a bank.
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Industry News
Headlines Inside:
Market numbers2009 NWT Community Survey Housing Component
Historical Indicators of Housing Adequacy and Tenure Historical Indicators of Crowding Northwest Territories and Communities.
Iqaluit is Moving In!IQALUIT, Nunavut: So far in 2010, thirty-four Iqaluit families have a brand new place to call home. |
Engineer recommends checking home oil tanks daily SOMBA K'E/YELLOWKNIFE - Now that the spring thaw has begun, one Yellowknifer is urging his fellow homeowners to keep a close eye on their oil tanks. "Check your tanks daily for the next three weeks," said Ron Kent, a senior environmental engineer with FSC Architects and Engineers. Kent has been supervising oil spill cleanups for 35 years. He said his company has dealt with more than 60 spills in Yellowknife over the last two years. "In the last five years it's been getting worse and worse," said Kent. He said there are a number of factors contributing to the increase in spills. Holes in oil tanks are caused by a combination of chemical and bacterial corrosion. One factor causing leaks is that sulphur is being removed from diesel fuel, making it less toxic to bacteria. Homeownership Entry Level ProgramHomeownership Entry Level Program (HELP) provides assistance to prospective first-time homebuyers. Clients who are not able to secure mortgage financing or are unsure of their responsibilities as homeowners are provided the opportunity of experiencing homeownership commitments before purchasing a home. Solutions To Educate PeopleSolutions to Educate People (STEP) provides education and counselling assistance consisting of four courses designed to prepare participants for the requirements of homeownership. Construction season is hereThe Home Renovation Tax
Credit is a non-refundable tax credit from Revenue Canada for the 2009 tax year to help people pay for home
renovations. Home renovation tax credit details See suggestions for writing up a solid contract. Sample Renovation Contract Providing Assistance for Territorial Homeownership (PATH)Allows clients the opportunity to become homeowners by
assisting in the construction or purchase of a modest home. Assistance
is provided in the form of a forgivable loan. Applicant(s) must be 19
years of age or older, and have lived in the NWT for three years: one
continuous year in the community prior to approval. Not available to
persons who have owned a home in the past five years. Contributing Assistance for Repairs and Enhancements- NWTAssists homeowners in making necessary repairs to
their home in the form of a forgivable loan to subsidize the cost of
preventative maintenance checks, repairs and renovations for their
existing home. The forgiveness period is dependent on the amount of
assistance being provided. Additional assistance available for improving
accessibility of dwellings for persons with disabilities. Nunavut Downpayment Assistance ProgramProvides a 10-year forgivable loan to be used for a downpayment
according to the client's community. For the purchase of an existing
home, up to $45,000 is available. For new construction, up to $75,000,
is available. Nunavut Home Renovation ProgramProvides up to
$50,000 as a forgivable loan to homeowners in order to undertake major
renovations, home repairs, and upgrades. Nunavut Interim Financing ProgramInterim or bridge financing of up to 85 per cent
of the principal amount of an approved first mortgage to a homeowner who
cannot obtain similar financing from a private lender. Interest on the
loan is set at 2 per cent higher than the average Chartered Bank's
five-year first mortgage rate. Nunavut Tenant-to-Owner ProgramAllows tenants who
are able to assume the responsibility of homeownership to purchase their
public housing unit. The Nunavut Housing Corporation will replace units
sold under this program within three years. Material Assistance Program - NunavutAffordable option
to become new homeowners. The Nunavut Housing Corporation provides a
selection of three and four-bedroom home designs. Also pays for the cost
of a material package to construct a new home, including the shipping
costs. Emergency Repair Program - NunavutProvides a grant
of up to $15,000 to homeowners to undertake emergency repairs.
CMHC - About Your House - North Series:Arctic Hot Roof Design The Arctic Hot
Roof is a roof system specifically designed to meet the North's extreme
conditions. Northern housing professionals can learn about the four
basic components of the system: the roof deck; continuous membrane;
rigid insulation; and roof cover. Detailed illustrations are provided
along with advice on when to install an Arctic Hot Roof. Building with Structural Panels -
Repulse Bay The Repulse Bay project offered an opportunity to evaluate
the adaptability of structural insulated panels (SIPs) in a high
latitude community compared to wood frame construction. The project
demonstrated that material costs were comparable to wood frame
construction and the home could be constructed in significantly less
time. Eagle Lake Healthy House Appropriate
for Aboriginal and northern housing planners and builders, this report
looks at the healthy house built at the Eagle Lake First Nation near
Dryden, Ontario. The home illustrates housing that can be durable,
affordable and environmentally responsible in remote areas. In this
report, you'll learn about the community partnerships, off-grid utility
system, diesel generator, waste water system and other factors that made
the project possible. Includes illustrations and technical
specifications. Snowshoe Inn, Fort Providence
Co-Generation Model Co-generation, or combined heat and power, provides
a means of conserving energy by using existing energy sources more
efficiently. Northern housing planners and builders can learn about the
success of the co-generation system at the Snowshoe Inn in the Northwest
Territories, one of the first models developed in the North and now over
20 years old but still operating at low cost. This report covers the
initial installation servicing a 35-room motel and several private
homes. |
The best way to avoid a major fuel leak and costly clean up is prevention. Fuel tanks don't last forever and eventually they will leak. In the last few years several major oil leaks in Yellowknife have cost homeowners thousands of dollars. ArchivesIs it good idea to put heat tape on pipes? How long does a home inspection take? When is best time to have your house inspected? 
The heart of the home ... your kitchen
The backsplash is often the last space you think about when planning out your kitchen. Yet, it can be the first choice to set the overall style. Tile or paint, wallpaper or tin. ArchivesThe heart of the home ... your kitchen Wallpaper is for more than just walls Go outside for some 'in' designs Getting started on home renovations  Packaging the Interior
A kitchen can have a major impact on the value of your property. The following is a few ideas that can increase the appeal of your home without spending a great deal of money.
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