Canadian Mortgage News

April 2002 National Archive

Mortgage News & Press Releases - April 2002

• GMAC - RFC Acquires Canada's Leading Mortgage Brokerage
  Deal allows Mortgage Intelligence to introduce new niche lending products in Canada
  
• Housing Starts Increased 10.9 Per Cent in March
  OTTAWA, Ontario, April 9, 2002 — The seasonally adjusted annual rate* of housing starts in Canada increased 10.9 per cent in March to 199,800 units from 180,100 units in February, according to Canada Mortgage and Housing Corporation (CMHC).
  
• CMHC's Housing Affordability Grant Recipients Announced
  OTTAWA, Ontario, April 15, 2002 — Fifteen grants, worth up to $20,000 each, have been awarded under Canada Mortgage and Housing Corporation's (CMHC) Affordability and Choice Today (ACT) Program.
  
• Bank of Canada raises overnight rate target by 1/4 percentage point to 2 1/4 per cent
  OTTAWA, Ontario, April 16, 2002 The Bank of Canada today announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 2 1/4 per cent. The operating band for the overnight rate is correspondingly increased, and the Bank Rate is now 2 1/2 per cent.
  
• CMHC's Homeowner's Manual Helps Royal Lepage Add Value To Service
  OTTAWA, Ontario, April 18, 2002 — Canada Mortgage and Housing Corporation's (CMHC) Homeowner's Manual has been adopted by Royal LePage real estate for use as a marketing and service tool for its affiliate agents across the country as part of their client service package to better serve their customers.
  
• Bank of Canada releases its April Monetary Policy Report
  OTTAWA, Ontario, April 24, 2002 — The Bank of Canada today released its semi-annual Monetary Policy Report, in which it discusses economic and financial trends in the context of Canada's inflation-control strategy.