Mortgage News & Press Releases - March 2004
- Bank of Canada lowers target for the overnight rate by 1/4 percentage point to 2 1/4 per cent
OTTAWA, Ontario, 2 March 2004 — The Bank of Canada today announced that it is lowering 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 lowered, and the Bank Rate is now 2 1/2 per cent.
- 215 Social and Community Housing Units in the Québec City Borough of Des Rivières
QUÉBEC CITY, Québec, March 2, 2004 — The Minister of Canadian Heritage and Member of Parliament for Louis-Hébert, the Honourable Hélène Chalifour Scherrer, on behalf of the Honourable Andy Scott, Minister of State (Infrastructure) and Minister Responsible for Canada Mortgage and Housing Corporation; the Minister of Justice and the Member of Parliament for …
- Governments Break Down Wall for New Housing and Shelter Units in Regina
REGINA, Saskatchewan, March 3, 2004 — The governments of Canada, Saskatchewan and the City of Regina are breaking down walls in order to make more room at the Young Women's Christian Association (YWCA) of Regina. The three levels of government are contributing just over $1.6 million to renovate 43 existing units and to add 19 new units.
- Governments Announce $1.4 Million Housing Project in Prince Albert
PRINCE ALBERT, Saskatchewan, March 4, 2004 — Affordable housing and conveniently-located child care for 32 low- to moderate-income families will become a reality thanks to a $1.4 million housing renovation project in Prince Albert.
- New Home Construction Up in February
OTTAWA, Ontario, March 8, 2004 — The seasonally adjusted annual rate1 of housing starts was 214,100 in February, compared with 195,500 in January, according to Canada Mortgage and Housing Corporation (CMHC).
- Apartment Units Being Upgraded in Thompson with Federal and Provincial Funding
THOMPSON, Manitba, March 12, 2004 — Three major upgrading projects will create 106 units of rehabilitated, affordable housing in Thompson thanks to over $964,000 in funding from the Governments of Canada and Manitoba under two programs: the Affordable Housing Initiative and the Residential Rehabilitation Assistance Program (RRAP).
- 461 Social and Community Housing Units in Montréal
MONTRÉAL, Québec, March 15, 2004 — The Honourable Pierre Pettigrew, Minister of Health, Minister of Intergovernmental Affairs and Minister responsible for Official Languages; Jean-Marc-Fournier, Minister of Municipal Affairs, Sports and Recreation; and Gérald Tremblay, Mayor of the City of Montréal, today participated in the official opening of 10 housing …
- New Affordable Housing Project Opens in Edmonton’s Inner City
EDMONTON, Alberta, March 29, 2004 — Edmonton’s inner city has eight more units of affordable housing with the grand opening today of an Edmonton Inner City Housing Society project in Norwood. The project received $400,000 under the Canada-Alberta Affordable Housing Program.
- First Supportive Seniors Housing Opens in Lillooet
LILLOOET, British Columbia, March 29, 2004 — Lillooet seniors now have the opportunity to live independently and receive the support they need, thanks to the first supportive living development in Lillooet. Sumac Suites, at 951 Murray Street officially opened today and will provide six units of subsidized supportive seniors housing to singles or couples. Residents will have their own …
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