Canadian Mortgage News

November 2004 National Archive

Mortgage News & Press Releases - November 2004

• $8.7 Million Allocated for Affordable Housing in Ontario
  TORONTO, Ontario, November 5, 2004 — The Government of Canada and the Government of Ontario today allocated more than $8.7 million to help fund seven pilot projects that will create 325 units of affordable housing for low-income people in Ontario.
  
• $8.1 Million Allocated for Affordable Housing in City of Ottawa
  OTTAWA, Ontario, November 5, 2004 — The Government of Canada and the Government of Ontario, along with the City of Ottawa, today held a press conference to announce the allocation of more than $ 8.1 million to help fund six pilot projects that will create 300 units of affordable housing for low-income people in Ottawa.
  
• Affordable Housing Pilot Project Approved in the Region of Waterloo
  WATERLOO, Ontario, November 5, 2004 — The Government of Canada and the Government of Ontario today allocated $675,000 to help fund a pilot project that will create 25 units of affordable housing in the Region of Waterloo.
  
• Canada and Ontario Provide $2 Million in Funding to Build Affordable Condominiums
  TORONTO, Ontario, November 8, 2004 — The Government of Canada and the Government of Ontario announced an agreement today with Home Ownership Alternatives, a trust and non-profit corporation, to provide up to $2.3 million in funding to build 382 affordable condominium units in three developments located in Scarborough, Pickering and Markham for sale to modest-income families in need of …
  
• October Housing Starts Down But Remain High
  OTTAWA, Ontario, November 8, 2004 — The seasonally adjusted annual rate1 of housing starts was 225,000 in October, down from 237,900 in September, according to Canada Mortgage and Housing Corporation (CMHC).
  
• New Supportive Housing for Seniors in Surrey
  SURREY, British Columbia, November 9, 2004 — Over 100 new supportive housing units are now available to moderate-income seniors with the expansion of Kiwanis Park Place, 12850 - 26 Avenue, Surrey. With the 111 units officially opened today, the development offers a total of 257 apartments for seniors and people with disabilities.
  
• Seed Funding Now Available for Affordable Housing Projects [Alberta]
  CALGARY, Alberta, November 12, 2004 — Community groups and others looking for funding to help develop a proposal for a housing project are being invited to apply for Seed Funding from the Government of Canada through Canada Mortgage and Housing Corporation (CMHC).
  
• Seed Funding Now Available for Affordable Housing Projects [Montréal]
  MONTRÉAL, Québec, November 12, 2004 — Community groups and others looking for funding to help develop a proposal for a housing project are being invited to apply for Seed Funding from the Government of Canada through Canada Mortgage and Housing Corporation (CMHC).
  
• Seed Funding Now Available for Affordable Housing Projects [Vancouver]
  VANCOUVER, British Columbia, November 12, 2004 — Community groups and others looking for funding to help develop a proposal for a housing project are being invited to apply for Seed Funding from the Government of Canada through Canada Mortgage and Housing Corporation (CMHC).
  
• Hamilton Shelter Opens its Doors and Offers Spiritual Healing to Women at Risk
  HAMILTON, Ontario, November 12, 2004 — The Native Women's Centre, a new 15-bed shelter for Aboriginal women and their children, held a ribbon-cutting ceremony in Hamilton today to mark its official opening. The centre was made possible thanks to funding from the Government of Canada and the Government of Ontario.
  
• Seed Funding Now Available for Affordable Housing Projects
  LONDON, Ontario, November 12, 2004 — Community groups and others looking for funding to help develop a proposal for a housing project are being invited to apply for Seed Funding from the Government of Canada through Canada Mortgage and Housing Corporation (CMHC).
  
• Affordable Housing for Seniors Being Built in St. James
  WINNIPEG, Manitoba, November 12, 2004 – Low to moderate income seniors living in St. James will soon have access to more affordable housing with the development of 24 apartment units in a new four storey building. The funding to the St. James Kiwanis Courts & Lodge is from the Canada-Manitoba Affordable Housing Initiative (AHI). Total project costs for the project are estimated at $5.5 …
  
• Former University Residence Transformed Into Innovative Youth Housing Project
  PETERBOROUGH, Ontario, November 12, 2004 — Abbott House, Peterborough's only second-stage youth housing facility, held an official opening event today, as local dignitaries, residents and support staff celebrated with a ribbon cutting.
  
• Site Visit — 16 New Affordable Housing Units for Seniors in Saint-Pamphile
  SAINT-PAMPHILE, Québec, November 15, 2004 — Semi-independent seniors will soon have more affordable housing options thanks to the construction of 16 new housing units on Du Foyer Street, in Saint-Pamphile.
  
• CMHC Makes Home Financing Easier
  OTTAWA, Ontario, November 17, 2004 – Canada Mortgage and Housing Corporation (CMHC) is introducing enhancements to its mortgage loan insurance products and policies that will make it easier for Canadians to finance their homes announced the Honourable Joe Fontana, Minister of Labour and Housing.
  
• Save on Home Energy Costs Thanks to New CMHC Initiatives
  OTTAWA, Ontario, November 18, 2004 – The Government of Canada, through Canada Mortgage and Housing Corporation (CMHC), is introducing two new federal energy efficiency initiatives to help meet Canada's climate change objectives and provide cleaner air and healthier communities for all Canadians, announced the Honourable Joe Fontana, Minister of Labour and Housing, this …
  
• New Assisted Living Units for the North
  BULKLEY VALLEY, British Columbia, November 19, 2004 — Moderate-income seniors are one step closer to additional affordable housing and care services with today's announcement of 22 new Independent Living BC (ILBC) units being developed in two communities in the Bulkley Valley. Five ILBC units will be located in Houston and 17 ILBC units located in Burns …
  
• New Assisted Living Units for the North
  KITIMAT, British Columbia, November 19, 2004 — Moderate-income seniors are one step closer to additional affordable housing and care services with today's announcement of 15 new Independent Living BC (ILBC) units being developed in Kitimat and 22 units that will be converted for assisted living in Pouce Coup.
  
• Assisted Living Development Breaks Ground
  KELOWNA, British Columbia, November 22, 2004 — Lower income seniors and individuals living with disabilities in Kelowna will have more options for affordable housing with the addition of 52 new assisted living units as construction starts on phase two of Mountainview Village. Construction on the new phase is expected to be completed by December …
  
• 47 Social and Community Housing Units in Saint-Basile-le-Grand
  SAINT-BASILE-LE-GRAND, Québec, November 22, 2004 — Low-income families and individuals in Saint-Basile-le-Grand now have more affordable housing options thanks to the construction of 47 new housing units.
  
• Growing Usage of the Internet When Shopping for a Mortgage
  TORONTO, Ontario, November 22, 2004 — In 2004, the proportion of consumers who say they would submit personal information when applying for a mortgage through the Internet has effectively doubled from 14% in 1999 to 29% today, according to results of the sixth annual survey of Canadian mortgage consumers.
  
• Inauguration of Résidence du Fort — 36 New Housing Units for Seniors in Coteau-du-Lac
  COTEAU-DU-LAC, Québec, November 22, 2004 — Seniors now have more affordable housing options thanks to the construction of 36 new housing units on Gaudreau Boulevard, in Coteau-du-Lac.
  
• More than one in four homebuyers used a mortgage broker this year
  Toronto, November 22, 2004 – Mortgage brokers in Canada are expected to arrange over $39 billion in mortgages this year, as they continue to resonate among Canadian homebuyers, according to Andrew Moor, president and CEO of Invis, the largest independent mortgage brokerage in Canada. This represents a nine per cent increase over the $35.9 billion in mortgages Canadians arranged through …
  
• Aboriginal and Government Housing Experts Discuss Improving Housing Conditions for Aboriginal Canadians
  OTTAWA, Ontario, November 25, 2004 — Representatives of federal, provincial and territorial governments, Aboriginal organizations and communities, and Aboriginal housing experts discussed approaches to improving the housing conditions of Aboriginal peoples at a meeting in Ottawa on November 24th and 25th.
  
• Night Light for Niagara Youth
  NIAGARA FALLS, Ontario, November 25, 2004 — The Night Light Youth Shelter opened its doors today. The new six-bed shelter will allow The Boys and Girls Club of Niagara to offer improved services to abused and homeless youth.
  
• New Affordable Housing will Help Meet Seniors' Needs
  VANCOUVER, British Columbia, November 26, 2004 — Lower income seniors in need of affordable housing and care are one step closer to having their housing needs met with the construction of a 56-unit assisted living development. The official groundbreaking ceremony for Clarendon Court took place today. The new development, which will provide affordable apartments and support services for …
  
• CMHC Resumes Mortgage Insurance Coverage on Homes in Keeprite Area
  BRANTFORD, Ontario, November 26, 2004 — Effective immediately, the Canada Mortgage and Housing Corporation will be considering applications for mortgage loan insurance in the Keeprite area of Brantford.
  
• Partners Create More Affordable Housing in London
  LONDON, Ontario, November 26, 2004 — A sod-turning ceremony was held today to mark the beginning of construction for a $12 million affordable housing project in the City of London.
  
• CMHC Expands Mortgage-Backed Securities to Include Variable Rate Mortgages
  OTTAWA, Ontario, November 26, 2004 — Canada Mortgage and Housing Corporation (CMHC) is introducing enhancements to the National Housing Act Mortgage-Backed Securities (NHA MBS) Program as well as the Canada Mortgage Bonds (CMB) Program, announced the Honourable Joe Fontana, Minister of Labour and Housing.
  
• Ministers Accelerate Affordable Housing and Move Forward on a New Housing Approach
  GATINEAU, Quebec, November 30, 2004 — Federal-Provincial-Territorial ministers responsible for housing met today to discuss improvements to current programs, developing a long term approach to provide a continuum of housing and a process for increased co-operation.