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Posts Tagged ‘Canada’

Killam to Release Q2 Financials

July 15th, 2013 Comments off

Killam Properties Inc. (TSX: KMP) will release its financial results for the second quarter ending June 30, 2013 on Wednesday, August 7, 2013, after the close of the market. A conference call to discuss the financials will be held on Thursday, August 8, 2013, at 12:00 PM EST. In Toronto call (647) 427-7450 to access the conference call. In the rest of North America, call toll free (888) 231 8191, as MHProNews has learned from newswire.ca. One of Canada’s largest residential landlords, based in Halifax, Nova Scotia, Killam owns and operates 50 manufactured housing communities as well as multifamily apartments.

(Photo credit: Killam Properties, Inc.)

New Company Operates Senior Manufactured Home Communities

July 12th, 2013 Comments off

Carefree Communities, Inc., a new company created by Centerbridge Capital Partners II, LP, has acquired National RV Communities, which owns and operates 61 senior manufactured home (MH) and recreational vehicle (RV) communities, mostly in Fla. but also in six other states and Canada. Carefree is a private REIT (real estate investment trust) with 16,000 homesites in 65 communities, as MHProNews has learned from PRNewswire. Centerbridge is a private investment firm headquartered in New York City with $20 billion under management.

(Photo credit: mhvillage–Lake Village, Nokomis, Fla.)

Modular Designer begins in U. S., Flourishes in Canada

July 4th, 2013 Comments off

Hive Modular of Minneapolis suffered mightily during the recession, but the company has been growing in Canada, enough to have three locations: Altona in Manitoba, Toronto, and one will be set to the east in Quebec. Hive started as a “night job” in 2005 by Paul Stankey and two friends, and has produced 25 custom homes. As MHProNews reported Sept. 21, 2012, a highly energy efficient, 2,075 square foot green house with three bedrooms and 2 1/2 baths was sited in Calgary for around $160 a foot. Hive offers custom made modulars to fit lot sizes and conditions, and the modules arrive on site complete: Painted drywall, electricals, fireplace, flooring, windows and kitchen. One feature offered by Hive is Plyboo cabinets—plywood-like material but made from bamboo with exposed edges that resemble marquetry. According to the globeandmail, one customer says, “You’d start getting pictures and half your house was built.”

(Photo credit: Paul Stankey/theglobeandmail)

Modular Units Transform into Hotel in Japan

July 1st, 2013 Comments off

Factory-built homes in Japan are a rarity, in part because Japanese roads are narrower and strict regulations govern size of cargo that can be moved on them. One man in Ibaraki Prefecture has a part-time operation importing very basic modular homes from Canada. Though very plain looking, they were built to withstand Canadian weather and are thus airtight and structurally sound. Although they move on wheels much like pre HUD Code homes, they can also be folded down into a more compact unit for transport, but even then the maneuvering through roadways is still tight. The main advantage to these homes is they are not subject to property taxes, and the price tag of $3,000 to $7,000 make them very affordable. Four innkeepers who lost their facilities in the tsunami of March 2011 that wiped out Onogawa were denied the right to rebuild because the government said the land had to be raised 12 1/2 feet, an expensive, time-consuming operation. Instead, they combined resources and spent $100,000 assembling a community of factory-built homes they operate as a hotel. As MHProNews has been informed by japantimes.co, El Faro has 108 beds as well as a front desk and attached restaurant.

(Photo credit: Philip Brasor/japantimes.co)

Manufactured Home Community on Indian Land not Governed by Province

June 7th, 2013 Comments off

When the rent for a manufactured home (MH) in an MH Community on land owned by the Sechelt Indian Band rose from $6,500 a year to $24,000, a dispute resolution officer said the increase violated British Columbia’s Manufactured Home Park Tenancy Act (MHPTA). Although the Band subsequently staggered the increase over five years to eventually reach $18,000, British Columbia’s highest court ruled province government has no jurisdiction over Indian land, that is a matter for the federal government. MHProNews learned from firstperspective , the newspaper for indigenous people in Canada, that therefore, the MHPTA “is constitutionally inapplicable to any landlord and tenant relationship created by lease on Sechelt Lands.”

(Image credit: Wikipedia)

New Homesite Planned for First Nation People

May 24th, 2013 Comments off

Updating a story MHProNews first covered Sept.16, 2011 and last covered Dec. 17., 2012 regarding modular housing for Canada’s Lake St. Martin First Nation which has been flooded out since spring, 2011, the brandonsun reports the Canadian government and tribal leaders have finally agreed on a site. Located just under 200 miles northwest of Winnipeg, the 960 acres surrounding the current location is a little higher to avoid the incessant flooding. Over a thousand former residents are living in hotels and other dwellings at the government’s expense, plus 60 who live in 17 modular homes on an old radar base at Gypsumville. While Aboriginal Affairs Minister Bernard Valcourt said the site selection “is an important step toward returning Lake St. Martin evacuees to their home community,” many of the Lake St. Martin people do not think the new location is significantly higher than the old one. While no mention was made of the type of housing, in the past it has often been factory-built homes.

(Photo credit: CBC News–temporary housing at Lake St. Martin)

British Columbia needs more Manufactured Housing Communities

April 10th, 2013 Comments off

Canada.com informs MHProNews MHC owner Larry Gaudreau, noting that communities built in the 1940’s and 1950’s have deteriorating infrastructures that cannot be replaced without moving residents out, says the government needs more affordable housing for these people, as well as to meet future needs. “More than 50 per cent of the people that are going to retire are going to have to use the assets from their house and they are going to be looking for low-cost housing,” he says. Justin Filuk, senior project officer for British Columbia Housing, says, “It is important that all levels of government including municipalities recognize their role in helping to both preserve the existing stock of mobile home pads and to also facilitate the creation of new supply.” Gaudreau says Toronto Dominion Bank has expressed willingness to help finance construction of MHCs on Vancouver Island.

(Photo credit: Wikipedia)

Killam becomes Interactive

March 4th, 2013 Comments off

Killam Properties, Inc. says the company has partnered with Corporate Research Associates to offer residents of its manufactured housing communities and apartments the opportunity to offer suggestions and opinions through on-line surveys. Participation is voluntary, personal information will not be shared, and responses will be collected in aggregate and not be personally identifiable. Participants will be eligible for random prizes. As MHProNews knows, Killam is one of the largest MHC owners in Canada.

(Photo credit: Killam Properties, Inc.)

Killam Announces Monthly Dividend

February 19th, 2013 Comments off

NewswireCa tells MHProNews Halifax, Nova Scotia-based Killam Properties, Inc. (TSX:KMP) announces the board of directors has declared a monthly dividend of $0.04833 per share that will be paid to shareholders of record Feb. 28, 2013 on March 15, 2013. This is the same monthly dividend amount that was paid Nov. 15, 2012. Killam offers shareholders the opportunity to re-invest their dividends through the Dividend Reinvestment Program (DRIP). As one of the largest MHC operators in Canada, the company owns over 50 manufactured home communities comprised of 7,409 home sites.

(Photo credit: Killam Properties, Inc.)

New Wells Should Solve Water Woes

January 14th, 2013 Comments off

Following a story we reported Aug. 31, 2012 concerning an MHC in Canada where residents have had to boil water before using it, MHProNews has learned from CBCNews one of the residents has successfully sued owner Killam Properties. The 300 families at Mountain View Trailer Park in Echo Lake, Nova Scotia have been without potable water since Dec. 2011. Arguing it was a violation of his lease to have to boil water every day, Bruce Baillie was awarded $660.81. He is meeting with other residents to educate them on the process of taking Killam to court. Killam said it will appeal the ruling, that it has won similar suits before. The company has spent $300,000 to install four new wells that should be ready by the end of this month. Killam is one of the largest MHC owners in Canada.

(Photo credit: Wikipedia)