Canadian Mortgage News

April 2001 National Archive

Mortgage News & Press Releases - April 2001

• CMHC Can Help Make Home Ownership a Reality
  OTTAWA, Ontario, April 3, 2001 — Canada Mortgage and Housing Corporation (CMHC) has the information prospective Canadian consumers need to ensure they make informed decisions on their way to home ownership.
  
• Housing Starts Down in March
  OTTAWA, Ontario, April 9, 2001 — The seasonally adjusted annual rate* of housing starts in Canada fell 1.5 per cent in March to 153,800 units compared with 156,100 in February, according to Canada Mortgage and Housing Corporation (CMHC).
  
• Bank of Canada lowers Bank Rate by 1/4 per cent
  OTTAWA, Ontario, 17 April 2001 — The Bank of Canada today announced that it is lowering the Bank Rate by one-quarter of one percentage point to 5 per cent. The operating band for the overnight rate* is correspondingly lowered, and the Bank's target for the overnight rate is reduced to 4 3/4 per cent.
  
• Governor talks about the Bank of Canada's contribution to monetary and financial stability and about the current economic situation
  VANCOUVER, British Columbia, April 20, 2001—In a speech today to The Vancouver Board of Trade, Governor David Dodge said that the Bank of Canada contributes to the economic well-being of Canadians by preserving confidence in the value of money and by promoting the safety and soundness of Canada's financial system.
  
• CMHC's Housing Affordability Grant Recipients Announced
  OTTAWA, Ontario, April 24, 2001 — Fourteen grants, worth up to $20,000 each, have been awarded under Canada Mortgage and Housing Corporation's (CMHC) Affordability and Choice Today (ACT) Program.
  
• Canadian Exporters Helped by New Russian Building Codes
  OTTAWA, Ontario, April 26, 2001 — Canadian housing exporters could potentially reach a housing market of up to 400,000 units annually, thanks to Russia's recent approval of a new building code for single family housing, the first of three new housing codes.