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February 2003 National Archive
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Mortgage News & Press Releases - February 2003
- Official Opening of Youth Emergency Shelter in Peterborough
PETERBOROUGH, Ontario, February 7, 2003 — The Government of Canada contributed a total of $1,408,776 for the Youth Emergency Shelter in Peterborough, which today celebrates the official opening of its 30-bed emergency and transitional shelter in Peterborough. This project serves homeless youth aged 16 to 24, enabling them to escape abuse and domestic …
- Housing Starts Down 8.7 Per Cent in January
OTTAWA, Ontario, February 10, 2003 — The seasonally adjusted annual rate1 of housing starts in Canada in January was 183,200, which is 8.7 per cent lower than December 2002's revised2 rate of 200,700 units.
- Housing Starts will Surpass 200,000 Units in 2003
OTTAWA, Ontario, February 21, 2003 — Housing starts in Canada are expected to reach 205,500 units this year, according to Canada Mortgage and Housing Corporation's (CMHC) first quarter CMHC Housing Outlook, National Edition report.
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Prime means "best," and this is the rate that banks charge their absolute best customers for loans. Changes in the prime rate influence changes in other rates, including variable interest rate mortgages. This rate fluctuates based on economic conditions. CanEquity Mortgage has interest rates starting at Prime less 1.00%!
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