Canadian Mortgage News

February 2002 National Archive

Mortgage News & Press Releases - February 2002

• Canada and Northwest Territories Sign Affordable Housing Agreement
  YELLOWKNIFE, Northwest Territories, February 5, 2002 — The Governments of Canada and Northwest Territories today announced the signing of an Affordable Housing Agreement which will help increase the supply of affordable housing in the territories. Over $45 million in new funding, demonstrates commitment by both governments to work together to address the affordable housing …
  
• Canada and Nunavut Sign Affordable Housing Agreement
  IQALUIT, Nunavut, February 6, 2002 — The Governments of Canada and Nunavut today announced the signing of an Affordable Housing Agreement which will provide funding to help increase the affordable housing supply in the territory. Federal funding of $4.96 million through Canada Mortgage and Housing Corporation (CMHC), combined with funding from Nunavut, demonstrates the commitment of both …
  
• Minister Manley Announces CMHC Housing Research Grants
  OTTAWA, Ontario, February 7, 2002 — Twenty-four Canadian researchers will be awarded up to $20,000 each under Canada Mortgage and Housing Corporation's (CMHC), External Research Program (ERP), the Honourable John Manley, Deputy Prime Minister and Minister of Infrastructure and Crown Corporations announced today.
  
• Housing Starts Jump 17.3 % in January
  OTTAWA, Ontario, February 8, 2002 — The seasonally adjusted annual rate* of housing starts in Canada rose 17.3 per cent in January to 204,300 units from 174,100 units in December, according to Canada Mortgage and Housing Corporation (CMHC).
  
• INVIS Inc. Raises $5 Million of Expansion Capital
  TORONTO, February 14, 2002 — INVIS Inc. Canada's leading independent national mortgage brokerage firm, announces that it has agreed to the definitive terms of an up to $5 million funding with a group of investors lead by Calgary-based private equity company, Manvest Inc. INVIS will use the funding to expand its business opportunities in the rapidly growing mortgage brokerage market. INVIS …
  
• Bank of Canada Governor reviews Canada's experience with inflation targets and a flexible exchange rate
  NEW YORK CITY, N.Y., February 20, 2002 — In a speech to the Canadian Society of New York, Bank of Canada Governor David Dodge said today that Canada's monetary policy framework, based on an explicit inflation-control target and a flexible exchange rate, "has contributed importantly to putting the Canadian economy back on the right path to longer-term …