Canadian Mortgage News

November 2002 National Archive

Mortgage News & Press Releases - November 2002

• Rate of Housing Starts Up 10.4% in October
  OTTAWA, Ontario, November 8, 2002 — The seasonally adjusted annual rate1 of housing starts in Canada increased 10.4% in October to 220,400 units from a revised2 199,700 units in September, according to Canada Mortgage and Housing Corporation (CMHC).
  
• Governor Explains How the Bank of Canada Promotes Canada's Economic and Financial Welfare
  CALGARY, Alberta, November 18, 2002 — In a speech to the Calgary Chamber of Commerce, Bank of Canada Governor David Dodge today outlined some of the ways in which the central bank contributes to Canada's economic and financial welfare.
  
• Invis to Provide Creditor Insurance Program from Great-West Life
  TORONTO, November 22, 2002 — Invis Inc. ("Invis") and Great-West Life Assurance Company (Great-West Life) today announced that they have signed a definitive agreement whereby Invis will offer Great-West Life's creditor life, disability and critical illness insurance products through its national mortgage consultant field sales force.
  
• Consumer Mortgage Trends Highlight "CIMBL Survey Sponsored and Managed by CMHC"
  TORONTO, Ontario, November 25, 2002 — The fourth annual survey on understanding shopping behaviour and attitudes of Canadian mortgage consumers has just been completed by the Canadian Institute of Mortgage Brokers and Lenders (CIMBL). The survey is sponsored and managed for CIMBL by Canada Mortgage and Housing Corporation (CMHC).
  
• Average Rental Vacancy Rates Rise to 1.7 Per Cent
  OTTAWA, Ontario, November 26, 2002 — The average rental apartment vacancy rate in Canada's 28 metropolitan areas1 rose to 1.7% in October this year from 1.1% in October 2001, according to the Rental Market Survey released by Canada Mortgage and Housing Corporation (CMHC) today. This is the first increase in the vacancy rate since 1992.