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October 2000 National Archive
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Mortgage News & Press Releases - October 2000
- Government of Canada Provides up to $27.7 Million to Help Owners of Moisture Damaged Homes
VICTORIA, British Columbia, October 20, 2000 — Up to $27.7 million will be made available to owners of moisture damaged residences in the province, thanks to an agreement signed between the Government of Canada and the Province of British Columbia.
- Bank of Canada releases dates for announcing Bank Rate actions
OTTAWA, Ontario, October 30, 2000 — The Bank of Canada today made public the dates through the year 2001 on which it will announce any changes to the official interest rate it uses to implement monetary policy. Last month the Bank outlined its plan to adopt a new system of pre-set or "fixed" dates for announcing changes to the Bank Rate, which will replace the previous approach under which …
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The valuable equity that you may already have in your home can be used to consolidate high interest credit card debts. Consolidating your credit card debt into a new, low interest-rate mortgage will save you 10-12% on interest changes.
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