Canadian Mortgage News

March 2001 National Archive

Mortgage News & Press Releases - March 2001

• First Nation Recognized for Healthy Housing Practices
  TYENDINAGA MOHAWK TERRITORY, Ontario, March 2, 2001 — For making homes healthier for people and the environment, the Mohawks of Bay of Quinte First Nation's Housing Department was recognized at an official ceremony today. Five new subsidized housing units, designed for persons with physical disabilities, were also opened as part of the …
  
• Bank of Canada lowers Bank Rate to 5 1/4 per cent
  OTTAWA, Ontario, March 6, 2001 — The Bank of Canada today announced that it is lowering the Bank Rate by one-half of one percentage point to 5 1/4 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 per cent.
  
• Housing Starts Fall in February
  OTTAWA, Ontario, March 8, 2001 — The annual rate of housing starts in Canada dropped 8.6 per cent in February according to Canada Mortgage and Housing Corporation (CMHC). The annual rate was 156,100 housing starts* last month compared to a rate of 170,700 in January.
  
• CMHC to Introduce Major New Investment Vehicle
  OTTAWA, Ontario, March 27, 2001 — Canada Mortgage Bonds, CMHC's newest housing finance initiative to improve the supply of low-cost mortgage funds in Canada, will be introduced in the spring by Canada Mortgage and Housing Corporation (CMHC), says the Honourable Alfonso Gagliano, Minister responsible for CMHC.
  
• Home Buyers' Plan Turns Home Ownership Dream Into Reality
  OTTAWA, Ontario, March 29, 2001 — Nearly 134,000 individuals took advantage of the Home Buyers' Plan in 2000 and withdrew over $1.4 billion from their RRSP's to purchase homes, reports the latest issue of Canada Mortgage and Housing Corporation's (CMHC), Mortgage Market Trends.