Canadian Mortgage News

May 2005 National Archive

Mortgage News & Press Releases - May 2005

• More Funding for Affordable Housing in New Brunswick
  SAINT JOHN, New Brunswick, May 2, 2005 — The federal and provincial governments today announced an additional $15 million to create more affordable housing for New Brunswick residents who need it the most.
  
• Seniors to Benefit from Renovation Funding and Mortgage Loan Insurance Enhancements
  TORONTO, Ontario, May 2, 2005 — Renovation funding will now enable seniors to continue to live longer in their own home or move closer to their family, announced the Honourable Tony Ianno, Minister of State, Families and Caregivers, today on behalf of the Honourable Joe Fontana, Minister of Labour and Housing.
  
• Government of Canada Signs Service Agreement with New Co-operative Housing Agency
  OTTAWA, Ontario, May 3, 2005 — The Government of Canada, through Canada Mortgage and Housing Corporation, and the Co-operative Housing Programs Administration Agency have signed an agreement for the Agency to begin providing portfolio management services for federally-administered co-operative housing beginning in 2006.
  
• ResMor Trust chooses Marlborough Stirling Canada's mortgage portal services
  May 3, 2005 - Marlborough Stirling Canada (MSC), a leading provider of business solutions to the financial services sector, is pleased to announce that ResMor Trust has agreed to a 5 year contract for the technology provider’s hosted mortgage origination and servicing solutions, Omiga and Optimus.
  
• Transitional Home for Abused Women and Children Opens
  BRANTFORD, Ontario, May 6, 2005 — Brantford area women and children who are victims of domestic violence have a better chance than most to have appropriate housing, as Maria House: A Home for Families in Transition was officially opened in a celebration held earlier today with $184,000 in Shelter Enhancement Program (SEP) funding from Canada Mortgage and Housing Corporation (CMHC). Funding …
  
• Strong Housing Starts in April
  OTTAWA, Ontario, May 9, 2005 — The seasonally adjusted annual rate1 of housing starts was 230,400 units in April, up 5.5 per cent from 218,400 units in March, according to Canada Mortgage and Housing Corporation (CMHC).
  
• New Affordable Housing for Single Women in North Point Douglas
  WINNIPEG, Manitoba, May 12, 2005 — North End Housing Project (NEHP) will soon begin construction on a new 11-unit apartment to provide more safe, affordable housing for single women and single-parent families living in the North Point Douglas neighbourhood. The project is supported with up to $550,000 in funding from the Government of Canada, Province of Manitoba, and the City of Winnipeg …
  
• Vertex and Marlborough Stirling Unite to Create Major Player for the Canadian Financial Services Industry
  May 12, 2005 - Bill Pitkin, Marlborough Stirling Canada President and CEO, is pleased to confirm that Vertex, the UK’s leading outsourced customer management company and the UK’s third largest business process outsourcing (BPO) provider, has completed its acquisition of Marlborough Stirling, the market leading provider of software and services to the financial services sector. The …
  
• Inauguration of 30 New Social Housing Units in Terrebonne
  TERREBONNE, Québec, May 13, 2005 — Lower-income families and individuals in Terrebonne will soon have more affordable housing options thanks to the construction of Habitations Marguerite-Lachapelle, a residence with 30 housing units located on Chartrand Street.
  
• $2 Million Allocated for Affordable Housing in Guelph
  GUELPH, Ontario, May 16, 2005 — The Government of Canada, the Government of Ontario, the County of Wellington and the City of Guelph held a tree planting ceremony today to mark the start of construction of 84 units of affordable housing in three buildings aimed at lower-income individuals, seniors, and families.
  
• Inauguration of the Résidence Sainte-Famille de Tring-Jonction 20 New Housing Units for Seniors
  TRING-JONCTION, Québec, May 16, 2005 — Seniors now have more affordable housing options thanks to the construction of 20 new housing units on LaSalle Street, in Tring-Jonction. The Résidence Sainte-Famille required investments of more than $1.7M thanks to the participation of public, private and community partners.
  
• Starts to Gradually Descend from 2004 Peak
  OTTAWA, Ontario, May 16, 2005 — Residential construction will taper off in 2005, and reach 216,400 units, a decrease of 7.3 per cent from 2004, according to Canada Mortgage and Housing Corporation's (CMHC) second quarter Housing Market Outlook, Canada Edition report. This will be the third highest level for housing starts in 17 years. In 2006, residential construction will continue to slow …
  
• Northern Communities Building Affordable Housing
  REGINA, Saskatchewan, May 20, 2005 — Seven communities in northern Saskatchewan are building a total of 46 units of affordable housing with the help of more than $2.1 million in funding from the Centenary Affordable Housing Program (CAHP) under the Canada — Saskatchewan Affordable Housing Agreement.
  
• Toronto Workshop First Step for Canada in Residential Water Re-Use
  TORONTO, Ontario, May 24, 2005 — The City of Toronto and Canada Mortgage and Housing Corporation (CMHC) have teamed up to bring international experts in Rainwater Harvesting to Toronto for a one-day workshop, the first of its kind in Canada.
  
• Bank of Canada keeps target for the overnight rate at 2 1/2 per cent
  OTTAWA, Ontario, 25 May 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.
  
• Two Affordable Housing Projects Underway in Brantford
  BRANTFORD, Ontario, May 25, 2005 — The Government of Canada, the Government of Ontario, and the City of Brantford today launched two affordable housing projects that will create 78 units of affordable housing in Brantford under the Canada/Ontario Affordable Housing Program.
  
• $614,000 Allocated for Affordable Housing in the Town of Paris
  PARIS, Ontario, May 25, 2005 — The Government of Canada and the Government of Ontario announced $614,000 in funding for 24 units of affordable housing in the Town of Paris today. The funding, allocated to the County of Brant under the Canada/Ontario Affordable Housing program, is for a pilot project for low to moderate income households.
  
• Construction Begins on Affordable Housing for Peterborough Flood Victims
  PETERBOROUGH, Ontario, May 25, 2005 — The Government of Canada, the Government of Ontario, and the City of Peterborough held a sod-turning ceremony today to mark the start of construction of a project that will create 40 units of affordable housing for victims of the Peterborough flood under the Canada/Ontario Affordable Housing Program.
  
• Meeting to Make Housing Happen in Peterborough
  PETERBOROUGH, Ontario, May 25, 2005 — Local affordable housing advocates and community partners gathered together to stimulate ideas about the development of new low-cost housing and housing services for residents of the Peterborough area.
  
• Home for Abused Children Opens
  JARVIS, Ontario, May 27, 2005 — A unique new shelter in Jarvis opened today. Varency Home is a 10-bed residential facility that offers a safe haven to children who are victims of domestic violence. Residents are youth aged 12 to 16 years of age and are in the care of the Children's Aid Society.
  
• Housing Project for Persons with Disabilities Gets Underway in Rocky Mountain House
  ROCKY MOUNTAIN HOUSE, Alberta, May 27, 2005 — A special ground-breaking ceremony marked the start of construction of a new affordable housing project for local residents with disabilities. Funding for the affordable housing project includes $230,000 in federal and provincial monies under the Canada-Alberta Affordable Housing Program (CAAP); and $95,000 from the municipality of Rocky …
  
• $1.6 Million will Create Much-Needed Affordable Housing in Spence Neighbourhood
  WINNIPEG, Manitoba, May 27, 2005 — Residents in the Spence neighbourhood will soon benefit from the construction and rehabilitation of 49 affordable housing units and small grants to homeowners and landlords, with the help of up to $1.6 million from the Government of Canada, the Province of Manitoba and the City of Winnipeg through the Winnipeg Housing and Homelessness Initiative …