Canadian Mortgage News

January 2005 National Archive

Mortgage News & Press Releases - January 2005

• Five Affordable Housing Projects Receive $19.6 Million in New Funding
  EDMONTON, Alberta, January 7, 2005 — Approximately $19.6 million in federal and provincial funds will be allocated to five affordable housing projects and will create 432 affordable housing units in Calgary, Edmonton, Fort McMurray, Stony Plain, and Villeneuve. The funding will be allocated to projects funded under the Canada-Alberta Affordable Housing …
  
• New Affordable Housing Available in Meadow Lake
  MEADOW LAKE, Saskatchewan, January 7, 2005 — Today the Town of Meadow Lake celebrated the grand opening of the new Martin Gran Affordable Housing Project, featuring 12 new rental apartments for low-income families.
  
• 2004 Housing Starts Post 17 Year High
  OTTAWA, Ontario, January 11, 2005 — The seasonally adjusted annual rate1 of housing starts was 234,400 in December, down from 242,600 in November, according to Canada Mortgage and Housing Corporation (CMHC).
  
• Local Landmark Now Provides Affordable Housing
  ROCKY MOUNTAIN HOUSE, Alberta, January 13, 2005 — Through a complex renovation and conversion project, the Old Post Office building will deliver affordable housing to Rocky Mountain House.
  
• Inauguration 44 New Affordable Housing Units for Families in Gatineau
  GATINEAU, Québec, January 14, 2005 — Families in Gatineau will soon have more affordable housing options thanks to the construction of 44 new housing units on De l'Hôpital Boulevard. This new $4.3 million construction development was completed thanks to the participation of public and private partners.
  
• Site Visit 9 New Affordable Housing Units for Seniors in Saint-Fabien-de-Panet
  SAINT-FABIEN-DE-PANET, Québec, January 17, 2005 — Seniors will soon have more affordable housing options thanks to the construction of nine new housing units on Du Foyer Street, in Saint-Fabien-de-Panet. This new $790,000 construction project will be developed thanks to the participation of public, private, and community partners.
  
• Inauguration of the Manoir Rose-Marquis
  DÉGELIS, Québec, January 17, 2005 — Seniors now have more affordable housing options thanks to the construction of 17 new housing units on Principale Avenue, in Dégelis. The Manoir Rose-Marquis received investments of more than $1.7 million thanks to the participation of public, private and community partners.
  
• 2003 GTA Land Supply Tighter but still on Target
  TORONTO, Ontario, January 18, 2005 — The duration of land supply in the GTA has gotten tighter but is still in line with provincial targets, according to the 2003 GTA Residential Land Survey. While the overall supply of draft approved residential lots rose sharply, the absorption of residential lots remained strong. Jointly released by the Canada Mortgage and Housing Corporation (CMHC) and …
  
• Seniors will Benefit from Assisted Living Development
  KEREMEOS, British Columbia, JANUARY 18, 2005 — Lower-income seniors will soon have access to affordable housing, with the construction of a 14-unit assisted living development in Keremeos.
  
• New Assisted Living Development will Complete Campus of Care
  WHITE ROCK, British Columbia, January 20, 2005 — A groundbreaking ceremony for Evergreen Heights, a new affordable assisted living development for seniors, was held today in White Rock. The new development will provide 84 assisted-living apartments for seniors under the Independent Living BC (ILBC) program, an innovative housing-for-health program that meets the needs of lower income …
  
• Government Officials Announce More Funding for Affordable Housing
  REGINA, Saskatchewan, January 20, 2005 — The federal and provincial government today announced an additional $20 million has been allocated to create more affordable housing for Saskatchewan residents who need it the most.
  
• Over $3.2 Million Announced to Address Homelessness in Saskatchewan
  REGINA, Saskatchewan, January 20, 2005 — The Government of Canada is investing over $3.2 million to support 25 projects to prevent and alleviate homelessness in eight Saskatchewan communities.
  
• Agreement provides funding for 160 new social housing units in 25 Nunavut communities
  IQALUIT, Nunavut, JANUARY 20, 2005 — - A joint $40 million contribution agreement signed by the Governments of Canada and Nunavut today will mean improvements to the living conditions of hundreds of people in Nunavut communities.
  
• Women's Community House Opens New Shelter
  LONDON, Ontario, January 21, 2005 — The Women's Community House opened a unique new shelter today. The 27-bed residential facility offers residents three self-contained areas that enable women and their children to live more independently, as opposed to the bedrooms traditionally found in shelters.
  
• The Salvation Army Centre of Hope Celebrates Official Opening
  LONDON, Ontario, January 21, 2005 — The Government of Canada, the Government of Ontario, and the City of London celebrated the official opening of The Salvation Army Centre of Hope today. The opening was part of $3.18 million in funding allocated to five housing projects that will create 147 new affordable housing units in London under the Canada-Ontario Affordable Housing …
  
• Rejuvenated Affordable Housing and New Daycare Open in Prince Albert
  PRINCE ALBERT, Saskatchewan, January 24, 2005 — Two renovated and rejuvenated apartment buildings, offering both affordable housing and daycare services, were officially opened in Prince Albert today.
  
• Bank of Canada keeps target for the overnight rate at 2 1/2 per cent
  OTTAWA, Ontario, 25 January 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 Update
  OTTAWA, Ontario, 27 January 2005 — The Bank of Canada today released its Update to the October Monetary Policy Report. The Update discusses current economic and financial trends in the context of Canada's inflation-control strategy.
  
• $324,000 Allocated for Affordable Housing in Simcoe County
  SIMCOE COUNTY, Ontario, January 28, 2005 — The Government of Canada and the Government of Ontario today allocated more than $324,000 to help fund a pilot project that will create 12 units of affordable housing for lower-income households in Simcoe County.
  
• $891,000 Allocated for Affordable Housing in Simcoe County
  SIMCOE COUNTY, Ontario, January 28, 2005 — The Government of Canada and the Government of Ontario today allocated more than $891,000 to help fund the pilot project that will create 33 units of affordable housing for lower-income households in Simcoe County.
  
• Yukon to Benefit from New Affordable Housing Initiative
  WHITEHORSE, Yukon, January 28, 2005 — Individuals, private-sector firms, and not-for-profit organizations are invited to apply for funding assistance under a new Affordable Housing Program initiative launched today by the Government of Canada and the Government of Yukon. Up to 64 new affordable housing units could potentially be built with the $830,000 in funding support allocated to this …