Canadian Mortgage News

February 2005 National Archive

Mortgage News & Press Releases - February 2005

• Official Opening of Les Habitations Solid'Aires
  BLAINVILLE, Québec, February 1, 2005 — Low-income families now have more affordable housing options thanks to the construction of 32 new housing units on Curé-Labelle Boulevard in Blainville.
  
• Starts to Stay Above 200,000 Through 2006
  OTTAWA, Ontario, February 3, 2005 — Residential construction will moderate from 2004's 17-year high of 233,431 units to reach 216,300 starts this year, according to Canada Mortgage and Housing Corporation's (CMHC) first quarter Housing Market Outlook, Canada Edition report. Residential construction will continue to ease in 2006 with national housing starts dipping 7.0 per cent to 201,100 …
  
• New Affordable Seniors' Housing Breaks Ground in Westbank
  KELOWNA, British Columbia, February 4, 2005 — Groundbreaking for the construction of a 40-unit assisted living development to benefit lower income seniors in need of affordable housing took place today. Operated by the Westbank Lions Seniors Housing Society, the new development will provide affordable apartments and support services for …
  
• Canadian Housing Exporters Benefit from Doing Business in Massachusetts
  BOSTON, Québec, February 8, 2005 — Massachusetts remains such a viable market for Canadian housing exporters that CMHC International, a division of Canada Mortgage and Housing Corporation (CMHC) has embarked upon its 5th commercial mission to the region in just over two years.
  
• New Home Construction off to a Strong Start in 2005
  OTTAWA, Ontario, February 8, 2005 — The seasonally adjusted annual rate1 of housing starts was 203,700 in January, down from 236,300 in December, according to Canada Mortgage and Housing Corporation (CMHC).
  
• MorWEB goes live with Canadian lenders
  February 10, 2005 - Bill Pitkin, President and CEO of Marlborough Stirling Canada is pleased to announce that MorWEB - the mortgage broker origination technology of today and the future - is now live and transmitting deals to a "first wave" of Canadian mortgage lenders.
  
• $6.7 Million Allocated for Affordable Housing in Toronto
  TORONTO, Ontario, February 14, 2005 — The Government of Canada, the Government of Ontario, the City of Toronto along with Verdiroc Development Corporation, held a sod-turning ceremony today to mark the start of construction of 232 apartments of affordable housing in Toronto.
  
• Province Increases Funding for Affordable Housing
  TORONTO, Ontario, February 14, 2005 — The Ontario government has offered to double its funding for some units being built under the Affordable Housing Program, and will provide up to $100,000 in developmental funds to assist approved non-profit groups to pay for pre-construction costs.
  
• Government of Canada contributes close to $360,000 to address homelessness in Nelson
  NELSON, British Columbia, February 16, 2005 — The Honourable David L. Emerson, Minister of Industry and Co-Senior Minister Responsible for British Columbia, on behalf of the Honourable Joe Fontana, Minister of Labour and Housing, today announced Government of Canada funding of $359,880 for four projects that will address homelessness and housing in Nelson. The funding for these projects is …
  
• Inauguration of Résidence Vents-et-Marées
  SEPT-ÎLES, Québec, February 25, 2005 — Seniors now have more affordable housing options thanks to the construction of 40 new housing units on Brochu Street, in Sept-Îles. The Résidence Vents-et-Marées required investments of more than $4.6 million thanks to the participation of public, private, and community …
  
• New Rental Housing in Whitefish River First Nation
  BIRCH ISLAND, Ontario, February 28, 2005 — Whitefish River First Nation held true to their slogan of "A Place of Visions and Dreams" today, as Elder Violet McGregor and Chief Franklin Paibomsai were joined by the community to celebrate a ribbon-cutting ceremony to officially open two triplex buildings that will be the brand new home to six band members in need of …