Canadian Mortgage News

January 2001 National Archive

Mortgage News & Press Releases - January 2001

• Housing Starts Down in December
  OTTAWA, Ontario, January 9, 2001 — The annual rate of housing starts in Canada fell 4.9 per cent in December 2000 to 148,000 units* compared to 155,600 in November, according to Canada Mortgage and Housing Corporation (CMHC).
  
• SRC and CMHC Unveil Electrical and Energy Efficiency Project
  OTTAWA, Ontario, January 17, 2001 — The Saskatchewan Research Council (SRC) and the Canada Mortgage and Housing Corporation (CMHC) today unveiled an ambitious research project on saving energy in existing homes.
  
• Bank of Canada Governor says Canada's economy faces the future with sound foundations
  TORONTO, Ontario, January 22, 2001 — In a speech to the Canadian Club of Toronto, Bank of Canada Governor Gordon Thiessen reviewed Canada's economic performance during the 1990s, focusing on the changes that have taken place in our economy and what these changes mean for the future.
  
• Bank of Canada lowers Bank Rate to 5 3/4 per cent
  OTTAWA, Ontario, January 23, 2001 — The Bank of Canada today announced that it is lowering the Bank Rate by one-quarter of one percentage point to 5 3/4 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank's target for the overnight rate is reduced to 5 1/2 per cent.
  
• Canada and Italy Sign Housing Co-Operation Agreement
  OTTAWA, Ontario, January 24, 2001 — Canada and Italy inaugurated an era of increased bilateral co-operation in housing and related technologies thanks to a Memorandum of Understanding (MOU) signed yesterday in Ottawa.