Canadian Mortgage News

April 2005 National Archive

Mortgage News & Press Releases - April 2005

• Canada to Work with Egypt to Monitor Egyptian Housing Conditions
  OTTAWA, Ontario, April 2, 2005 — Labour and Housing Minister Joe Fontana today announced on behalf of International Cooperation Minister Aileen Carroll that Canada will work with Egypt to establish a housing information centre to monitor and report changing housing market conditions. Minister Fontana made the announcement in Cairo following a meeting with His Excellency Muhammed Ibrahim …
  
• Summerland Seniors Benefit from New Housing
  SUMMERLAND, British Columbia, April 5, 2005 — More seniors are able to live independently with support services with the official opening today of an addition to Angus Place. Thirty-three new apartments have been added to the existing development, bringing the number of independent housing units on the site to 83.
  
• First Aboriginal Patients' Lodge and Family Housing Opens
  VANCOUVER, British Columbia, April 6, 2005 — Members of Vancouver's Aboriginal community and their project partners celebrated the opening of a unique housing and health partnership.
  
• New Assisted Living Homes to Benefit Mission Seniors
  MISSION, British Columbia, April 8, 2005 — Low-income seniors will soon have more housing options, with the construction of a 57-unit assisted living facility in Mission, a first for the community.
  
• Starts Edge Higher in March
  OTTAWA, Ontario, April 8, 2005 — The seasonally adjusted annual rate1 of housing starts was 218,500 in March, up 0.3 per cent from 217,800 in February, according to Canada Mortgage and Housing Corporation (CMHC).
  
• Work Set to Begin for New Assisted Living Homes
  VICTORIA, British Columbia, April 11, 2005 — For 130 years, BC's oldest non-profit society has looked after the interests of children and families in Greater Victoria. Today, The Cridge Centre for the Family and representatives of all levels of government celebrated the beginning of work for 77 new assisted living units for Victoria seniors — 40 of the units will be funded jointly by …
  
• Bank of Canada keeps target for the overnight rate at 2 1/2 per cent
  OTTAWA, Ontario, April 12, 2005 — The Bank of Canada today announced that it is maintaining its target for the overnight rate at 2 1/2 per cent. The operating band for the overnight rate is unchanged, and the Bank Rate remains at 2 3/4 per cent.
  
• Bank of Canada releases Monetary Policy Report
  OTTAWA, Ontario, 14 April 2005 — The Bank of Canada today released its April Monetary Policy Report, which discusses current economic and financial trends in the context of Canada's inflation-control strategy.
  
• Partnership Helps People with Disabilities
  MOOSE JAW, Saskatchewan, April 15, 2005 — People with disabilities will have access to shelter, affordable housing and support, thanks to a partnership involving three levels of government and the community.
  
• Summerville Pines Celebrates Official Opening
  PEEL, Ontario, April 15, 2005 — The Government of Canada, the Government of Ontario, and the Region of Peel today celebrated the official opening of Summerville Pines, a project that creates 136 units of affordable housing in Mississauga under the Canada/Ontario Affordable Housing Program.
  
• Surrey Seniors to Gain Affordable Housing
  SURREY, British Columbia, April 17, 2005 — Lower-income seniors will soon have more housing options, with the construction of 72 assisted-living units in Surrey. The new units are funded under Independent Living BC (ILBC), a housing-for-health program managed by BC Housing and Fraser Health in partnership with the Government of Canada through Canada Mortgage and Housing Corporation …
  
• Government of Canada Provides Funding for a New Horizons for Seniors Project in North Vancouver
  VANCOUVER, British Columbia, April 18, 2005 — Don Bell, Member of Parliament for North Vancouver, on behalf of Ken Dryden, Minister of Social Development, today announced $30,250 in funding from the New Horizons for Seniors program. The Government of Canada is providing funding to the North Shore Multicultural Society and the Capilano Community Services Society for their Immigrant Seniors …
  
• Minister Fontana Announces Board Appointment
  OTTAWA, Ontario, April 19, 2005 — The Honourable Joe Fontana, Minister of Labour and Housing, today announced the appointment of Alexander Werzberger, of Montréal, to the Board of Canada Mortgage and Housing Corporation for a three-year term.
  
• Government of Canada and the Co-operative Housing Federation Reach New Agreement
  TORONTO, Ontario, April 22, 2005 — The Government of Canada, through Canada Mortgage and Housing Corporation (CMHC), and the Co-operative Housing Federation of Canada have concluded an agreement which allows the national federation to complete research and development activities for the successful start-up of a Co-operative Housing Programs Administration Agency. In early May the new …
  
• First Time Home Buyers to Benefit from Lower Costs
  OTTAWA, Ontario, April 22, 2005 — The Minister of Labour and Housing, Joe Fontana, today announced several enhancements to mortgage loan insurance that would improve affordability for many Canadians as well as improve home security. These new measures amount to some $200 million annually.
  
• Marillac Place Celebrates Renovation at Open House
  KITCHENER, Ontario, April 25, 2005 — Marillac Place officially opened their newly renovated building today. The extensive renovation of a century-old coach house provides the facility with more space for its services for young mothers and their children. The federal government provided $154,846 in funding for the renovation through Canada Mortgage and Housing Corporation's (CMHC) Shelter …
  
• Housing Ministers Announce More Funding for Affordable Housing
  WINNIPEG, Manitoba, April 25, 2005 — The federal and provincial governments today announced an additional $23.08 million to create more affordable housing for Manitoba residents who need it the most.
  
• Regina Seniors Gain More Affordable Housing
  REGINA, Saskatchewan, April 25, 2005 — Seniors in Regina will now have access to 80 new units of affordable housing with optional assisted living services. A contribution of $2.1 million was announced today by the governments of Canada and Saskatchewan, and the City of Regina.
  
• Affordable Housing Funds Allocated by Yukon Housing Corporation
  WHITEHORSE, Yukon, April 25, 2005 — The Government of Canada and the Yukon Territory today announced that 89 new units of affordable housing will receive over $1.4 million in funding under the Canada/Yukon Affordable Housing Agreement. The two projects, in Whitehorse, will provide housing for seniors and low- to moderate-income Yukoners.
  
• Tridel Teams up with Industry Partners to Test Green Building Innovations
  TORONTO, Ontario, April 26, 2005 — Utility costs and air quality concerns are on the rise in Toronto. To help condominium owners combat these challenges, Tridel, Canada's leading developer and builder of condominiums, has teamed up with Canada Mortgage and Housing Corporation (CMHC) to test and monitor innovations designed to improve the energy performance and indoor air quality of …
  
• Housing Financial Assistance for Low-Income Households
  QUÉBEC CITY, Québec, April 27, 2005 — The Honourable Joe Fontana, Federal Minister of Labour and Housing, and Nathalie Normandeau, Quebec Minister of Municipal Affairs and the Regions, announced today that funds are being allocated, over a period of three years, under the current Rent Supplement program. This measure, covering the period starting January 1, 2005, will provide …
  
• Habitat for Humanity — Breaks Ground for Historic Blitz Build
  WINDSOR, Ontario, April 28, 2005 — International and national sponsors, community volunteers, partner families, civic leaders and representatives from Habitat for Humanity International, Habitat for Humanity Canada and the local Habitat for Humanity Windsor-Essex affiliate, gathered to officially break ground signaling the start of the historic 2005 Windsor Blitz …
  
• Minister Fontana Announces Renewal of Housing Affordability Initiative
  OTTAWA, Ontario, April 28, 2005 — The Honourable Joe Fontana, Minister of Labour and Housing, today announced the renewal of ACT (Affordability and Choice Today), a CMHC-funded initiative aimed at regulatory reform to improve housing affordability and choice. The new agreement is for $1.2 million over four years.
  
• Native Women's Centre to Receive Renovation Funding
  HAMILTON, Ontario, April 28, 2005 — The Native Women's Centre, a 12-bed shelter for Aboriginal women and their children, will receive $260,000 in funding under Canada Mortgage and Housing Corporation's (CMHC) Shelter Enhancement Program.
  
• $602 Million Allocated for Affordable Housing in Ontario
  TORONTO, Ontario, April 29, 2005 — The Government of Canada and the Government of Ontario today signed an Affordable Housing Agreement, which will commit $602 million over the next four years to increase the supply of affordable housing in the province.
  
• NORTEP Student Apartments Celebrates Opening
  LA RONGE, Saskatchewan, April 29, 2005 — The Government of Canada, Province of Saskatchewan and private investors have joined forces to contribute to the opening of 48 affordable housing units in La Ronge for students.