As an organization we are very proud of our track record of strong financial stewardship as well as the high standard of maintenance of our properties.

homeEd diligently sets aside CMHC’s recommended reserves per unit, which allows us to plan for and respond to repairs, replacements and retrofits.

As of 2019 the mortgages on twelve of our properties were paid in full, which freed up significant cash flow to reinvest into our portfolio as well as invest in new properties. Sixty percent of the cash flow generated through mortgage maturity is set aside for operations and replacement reserves, and forty percent is contributed to portfolio expansion.

As a result, homeEd is in a healthy financial position to expand our portfolio, maintain our buildings, and continue to provide high quality affordable housing for our tenants for many more years to come.