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Historic partnership between Canada and Sḵwx̱wú7mesh Úxwumixw (Squamish Nation) to create nearly 3000 homes in Vancouver – Prime Minister of Canada

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The Prime Minister, Justin Trudeau, was joined today by Sḵwx̱wú7mesh Úxwumixw (Squamish Nation) Council Chairperson Khelsilem on Sḵwx̱wú7mesh Úxwumixw traditional territory to announce the federal government will provide $1.4 billion to create nearly 3,000 homes on traditional lands in Vancouver’s Kitsilano neighbourhood. This project is the largest First Nations economic partnership and the largest loan from the Canada Mortgage and Housing Corporation (CMHC) in Canadian history.

These funds will support Sen̓áḵw, an on-reserve residential and commercial development project that will be owned and operated by Sḵwx̱wú7mesh Úxwumixw (Squamish Nation). Sen̓áḵw, “the place inside the head of False Creek,” is located on land that was forcibly taken away from Sḵwx̱wú7mesh Úxwumixw (Squamish Nation) in the early 1900s and returned by the courts in 2003. The ancient Sen̓áḵw village, located on this land, was burned down and the people who lived there were forced to relocate.

When complete, the Sen̓áḵw development project will feature striking Coast Salish architecture and design across a ten-acre site, over half of which will be publicly accessible, with green spaces, parks, and plazas. Everyone in the community, Indigenous or non-Indigenous, will be able to live at Sen̓áḵw. Sen̓áḵw’s vision will demonstrate how humanity and nature can co-exist, and the development aims to be the largest net-zero residential project in the country. In addition to thousands of rental units, including affordable units, the project is expected to create hundreds of good jobs and long-term economic opportunities for Sḵwx̱wú7mesh Úxwumixw (Squamish Nation). Construction is already underway, with the first residents expected to move in in 2025.

With today’s announcement, the Government of Canada is supporting Sḵwx̱wú7mesh Úxwumixw’s (Squamish Nation) long-term vision for the Sen̓áḵw lands, while helping to define a new generation of First Nations reconciliation and leadership, grow our economy, and create good jobs. We will continue to work together to advance meaningful reconciliation, including economic reconciliation, and ensure everyone has a safe place to call home.

Quotes

“Everyone should have a safe place to call home. Today’s announcement not only builds more much-needed homes for Vancouverites, it supports the Squamish Nation’s vision for their traditional lands and their path to continued economic independence and self-determination. When we all work together as partners – federal and Indigenous governments, private sector, local communities – we innovate, and we find solutions to the challenges we face.”

The Rt. Hon. Justin Trudeau, Prime Minister of Canada

“The Squamish Nation and the federal government’s partnership to support the residential development of Sen̓áḵw is a historic moment in Canada’s relationship with Indigenous communities. This economic partnership is the largest in Canadian history between a First Nation and the federal government. This investment will build many needed rental apartments and generate long-term wealth for Squamish People across many generations. The wealth generated from these lands can then be recirculated into our local economies and communities to address our people’s urgent needs for affordable housing, education, and social services.”

Sḵwx̱wú7mesh Úxwumixw (Squamish Nation) Council Chairperson Khelsilem

“Everyone deserves a safe place to call home. Through our National Housing Strategy, we’re creating more housing supply in communities that need it most by working closely with partners from all levels of government, industry leaders, organizations, and of course, Indigenous governments. With projects like Sen̓áḵw, these partnerships are leading the way in building a better future for generations to come, as we continue to move forward together on the path to reconciliation.”

The Honourable Ahmed Hussen, Minister of Housing and Diversity and Inclusion

Quick Facts

  • The Sen̓áḵw development project was proposed by Sḵwx̱wú7mesh Úxwumixw (Squamish Nation), Westbank Corporation, and OP Trust, under a joint venture, working with the Government of Canada.
  • In total, the Sen̓áḵw development project will create 6,000 homes when complete. The Government of Canada has committed to financing the first two of the four phases.
  • The funds announced today are being provided by the Canada Mortgage and Housing Corporation (CMHC) through its Rental Construction Financing Initiative (RCFI). Launched in 2017 and part of Canada’s National Housing Strategy (NHS), the RCFI provides low-interest, repayable loans to support construction projects from coast to coast to coast and encourage a stable supply of rental housing for middle-income families in expensive housing markets, with a total target of more than 71,000 new rental housing units.
  • Canada’s NHS is an ambitious, 10-year plan to invest over $72 billion to give more Canadians a place to call home. Since its launch in 2017, the government has committed over $26.5 billion to support the creation of over 106,100 units and the repair of over 254,600 units.
  • In addition to today’s announcement, the government proposed over $4 billion in new funding through Budget 2022 to create access to safe and affordable housing for Indigenous Peoples, including through targeted investments and the development of an Urban, Rural, and Northern Indigenous Housing Strategy in partnership with Indigenous Peoples.

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Democratic Sen. Amy Klobuchar of Minnesota wins 4th term, defeating ex-NBA player Royce White

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MINNEAPOLIS (AP) — Democratic U.S. Sen. Amy Klobuchar has won a fourth term, defeating anti-establishment Republican and former NBA player Royce White in Minnesota’s top election matchup.

“To the state of Minnesota. I once again pledge to you I will stand my ground while always seeking common ground,” Klobuchar told cheering supporters in St. Paul. “I will strive every day to be worthy of your faith and trust.”

Klobuchar went into the campaign with a history of big wins and a huge financial advantage. She drew 58% of the vote in 2006, 65% in 2012 and 60% in 2018. And she raised nearly $21 million by the end of the last reporting period in September.

That compares with just under $449,000 for White, who acknowledged he was as surprised as anyone when the state Republican Party endorsed him in May. The self-described populist went on to get a plurality in the August primary against a more conventional Republican, Navy veteran Joe Fraser.

While White has been a strong supporter of Republican presidential nominee Donald Trump, the former president never endorsed him, and top Minnesota GOP office-holders kept their distance. But his party endorsement effort was backed by Trump strategist Steve Bannon, and White also is allied with conspiracy theorist and Infowars founder Alex Jones.

White tweeted that he’s not done with trying to change the GOP in Minnesota and nationally, and he questioned whether Senate Republicans will use their new majority to put America’s interests first and slow the decline of the nation.

White’s NBA career was cut short by mental health issues, primarily a fear of flying, and he calls his podcast, “Please, Call Me Crazy.” Critics have denounced White’s comments on social media and other forums as misogynistic, homophobic and antisemitic. In an interview with Bannon, he once said: “Look, let’s just be frank. Women have become too mouthy. As the Black man in the room, I’ll say that.”

Tuesday’s victory gives Klobuchar Minnesota’s record for the most consecutive wins by a Democratic senator since the state began directly electing senators in 1918, according to Eric Ostermeier, curator of the Minnesota Historical Election Archive at the University of Minnesota. She’s tied for four terms with Henrik Shipstead, who was elected as a Farmer-Laborite in 1922, 1928 and 1934 and as a Republican in 1940.

Only two Minnesota senators won five terms: Republican Knute Nelson, who was elected by the Legislature for his first three, and Democrat Hubert Humphrey, whose terms were not consecutive.

Klobuchar, who announced her 2019 run for president amid a heavy snowstorm, was chief prosecutor in Minnesota’s largest county when she was first elected to the Senate in 2006.

She chairs the powerful Senate Rules Committee, which examined the security failures surrounding the Jan. 6, 2021, insurrection. And as a member of the Judiciary Committee, she drew attention for her questioning of Supreme Court nominee Brett Kavanaugh in 2018.

Klobuchar is the daughter of Jim Klobuchar, a well-known Minneapolis newsman who died in 2022, and Rose Klobuchar, a schoolteacher who died in 2010. Her grandfather was an iron miner.

The Canadian Press. All rights reserved.



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MEG says 2024 production to come in at low end of forecast due to wildfires

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CALGARY – MEG Energy Corp. says its full-year production is likely to come in towards the lower end of its forecast range, in part due to the wildfires at its Christina Lake oilsands site in northern Alberta.

The Calgary-based company said it produced 103,298 barrels per day of bitumen in its third quarter, comparable with the 103,726 barrels per day it produced in the same quarter last year.

But over the summer and fall, the company’s Christina Lake site was affected by out-of-control wildfires in the area, leading to a temporary evacuation in July and a one-month delay in the drilling and completion of a new well pad at the site.

CEO Darlene Gates said Wednesday the company’s production was also impacted by severe cold weather at the start of the year.

She said MEG’s average production guidance for 2024 remains unchanged, but will likely come in toward the low end of the 102,000 to 108,000 barrels per day forecast.

MEG earned $167 million in its third quarter, down from $249 million during the same quarter last year, in large part due to lower benchmark oil prices.

This report by The Canadian Press was first published Nov. 6, 2024.

Companies in this story: (TSX:MEG)

The Canadian Press. All rights reserved.



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Montreal-area home sales jumped in October as prices rose: board

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MONTREAL – The Quebec Professional Association of Real Estate Brokers says Montreal-area home sales surged 43.8 per cent in October compared with the same month last year.

The association says home sales in the region totalled 3,824 for the month, up from 2,659 in October 2023.

The median price for all housing types was up year-over-year, led by an 8.1 per cent increase for the price of a single-family home at $589,000 last month.

The median price for a plex rose 7.1 per cent to $789,500 and the median price for a condominium rose 6.2 per cent to $414,250.

There were 6,258 new listings in the Montreal area last month, up 10.7 per cent from a year earlier.

Active listings for October rose eight per cent compared with a year earlier to 18,201.

This report by The Canadian Press was first published Nov. 6, 2024.

The Canadian Press. All rights reserved.



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