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Technical Note (National Research Council of Canada. Division of Building Research), 1951-11-29
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https://doi.org/10.4224/20338516
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Post War House Building in Canada, Central Mortgage and Housing Corporation - 1951
Lawson, J. I.
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https://nrc-publications.canada.ca/eng/view/object/?id=f4b2c20a-8986-4858-8f2e-a70ec4233b72 https://publications-cnrc.canada.ca/fra/voir/objet/?id=f4b2c20a-8986-4858-8f2e-a70ec4233b72
DIVISION OF BUILDING RESEARCH
NATIONAL RESEARCH COUNCIL OF CANADA
'If
ECIHI N JICAIL
NOTJE
No.
103
NOT FOR PUBLICATION FOR INTERNAL USE
PREPARED BY 1. I. Lawson. CHECKED BY APPROVED BY
PREPARED FOR DATE 29 November, 1951.
SUBJECT: Post war Bou.e .1141118 III Canada
Oentral Hortgage and.
Bou.ug
Corpontloa - 19$1.ot hou.lllg a. ｾ･ｰｯｲｾ･､ in the t on protits, the re.triotion. and Integrated Houslng should be takeD
i raatlo11 ｾｯ other houa1ng. One basio ｰｾｩｮｯＱｰ｡Ｑ ot the Integrated Houa1ag i . that the Selling Prioe ahall be a predetermined amount.
When the Integrate. Housing Plan wa. tirst put Into .trecta to arriYe at the Selling Prioe the contractor submitted bt. break-down ot .ati. .ted coat with bt. appli.ation tor lOaD} the lend1aa 00llP&Jl7 and Cent.al XortpS8 and Boualag aorpofttlon eaGh _4e independent appraisal.J and the Lending Value waa 8stab118bed a. the lowe.t ot ｴｾ･･ estimate••
the Selling Prioe was . .4e up ot Lending Value plus .3$0.00 tor two bedroom hou.e,
.42.5.00
tor three bedro01ll hou.e and.$SOO.OO
tor tour beclroom hou.e, thus assurlDg • l1a2..ted protlt to the bullder.
!he outcoae ot this pra.tl.e va. that the contractor .000.
learned. to peel his ••t1Jlate to be sure that hi. prlGe va. not lower than the .ppralaala. In .O&e ca.e. the Len41ngCOJlP&Il7'. appraieal waa appre.labl,.. lover than that ot a.M.B.O. and it tbe Len41Dg
COllpan,..
.&.
obdurate. and the contraotor retu.e. to OODsent to a valuationbelow
the Central Mortgage aDd Housiag ｃＮｲｰｯｲ｡ｾｬｯｄappraisal a stal••ate developed ｡ｮｾ tbe pro3e.t did not go ahead. Be1ng In oharge ot Integrated Hou.ing
tor
Central Hort.-s. and Hous1Dg Corporation, I brought the . .tter to the attentlonor
the becutlYe Oomaitt.e, and it vas arr e th t tutur , th Lan41as Value wou14 be ba.ed on Contr 1 rtg e and ou 1Corporation appraiaal, and thi. waD 00 t bl to t L ndl In.tltutlons. Aa. reault ot the Oontr or'. repr. t i
JUltlt,.. hi. e.t1aat •• and the dellber ions t t were h 1 • s ot
the taotor. u.ed to -.ke up \be apprai.al were .teppe4 up, ett••tlac
an inore••ed Lending ,,·alue.
ou'-e·
let the contractoJ' was required to state in hie Application tor Loan, the . .aunt that he had paid tor the land, an4 the apprai.al vaa made on that 'basl.. Subaequentl, 1 w arrang d that thappral ••1 ahould be lUct.e on the basi of pro d land. In 08 tral Mortsage and Housing oorporation ·Po twar Hou buildl 1n Oan
this It.m 1s not taken into account lthou it s eon 1d r ble bearing on the Contractort 8 protl ' • In 0 ea th land w
purehaa.dat tram $50.00 to tlOO.OO an acre and could be apprai ••4 at
$2.$0.00
to$350.00
per lot ana. up to Ｑｾ ot theValUe ot
thehou.. it POada and sewers were lalel in. On the other hand in . . . c1tie. Iuch a. Toronto apr.ved land vas puroh••ed at a pr1•• aboT. 10% ot the value ot the house and the cantrllctor carrlecla
1...
Intothe building operation.
ot the clirterene.. 1n protit a. ortant tactor 1s ｰｾ｢｡｢ｬＷ the
el. In the small proJe.ta em-this 1t . . "7 be .esllg1'ble but
.a JIlUoh a• .$ to 11 per cent ot parate It...
The Rental Pl-oJeot. were 8o.ewhat on the .... baala in that at the outset a fixed rental was of the .a.eJuae of the Loan Approval. How•.,.ep, in many oas., where the actual cost oonalderab17 exc••4.4 the estimates an increase to the rental sohedule was granted.
In both Integrated and R nta1 ProJeots the contractor'a
roflt· Id r d in arrangiag the loan and also when,
du to Incr••a. was granted. !hia va. not
th c bui Ｎｾ outalde of the •• two pl. .se In
uch e . ranged the . .ount of the lou on the baaia
f h ou 1 Corpor t10n ppr Isal oould
th.n aell the house. ror as much a h e oul g t tor Th r tor tb. analysl. of costa and protlts 1 not eo sar111 a en bl atatement of costa and protit in co ct10n with the gr t ul of house bUlld.1ng that was built out.ld th tnt rated and R ntal houalDg plana.
