Canadian Mortgage News

October 2005 National Archive

Mortgage News & Press Releases - October 2005

• New Home and New Services for Salvation Army
  ABBOTSFORD, British Columbia, October 1, 2005 — The Salvation Army's expanded Centre of Hope celebrated its official opening today. The new Centre provides all the Salvation Army's services under one roof, additional emergency shelter beds and 14 new units of supportive independent living.
  
• 20 New Social and Community Housing Units in Gatineau
  GATINEAU, October 3, 2005 — Vulnerable individuals in the Gatineau area now have more affordable housing options thanks to the construction of a new residential care home comprising two buildings with 20 new housing units, in Gatineau.
  
• 113 New Social and Community Housing Units in Montréal
  MONTRÉAL, Québec, October 3, 2005 — With the completion of the Coopérative d’habitation Le Fleuve de l’Espoir and Coopérative d’habitation Les Rives du Saint-Laurent projects, 113 households, composed of lower-income families and individuals, will benefit from affordable housing units in the borough of …
  
• Affordable Homeownership Project Opens in Pickering
  PICKERING, Ontario, October 3, 2005 — The Government of Canada, the Government of Ontario, the City of Pickering and the non-profit development company Options for Homes celebrated the official opening of Liberty at Discovery Place, a project that creates 219 affordable condominium units for sale to low- to moderate-income households in need of affordable housing. The project is funded in …
  
• $1.7 Million Allocated to Affordable Housing for Seniors in York Region
  VAUGHAN, Ontario, October 3, 2005 — The Government of Canada, the Government of Ontario, the Regional Municipality of York Region and the City of Vaughan held a sod-turning ceremony today to mark the start of construction of 60 units of affordable housing for lower-income seniors.
  
• Housing Stakeholders Work in Partnership at Affordable Housing Forum in Kingston
  KINGSTON, Ontario, October 6, 2005 — Housing business leaders from throughout Eastern Ontario are in Kingston today to share experiences and exchange ideas on best practices at the 2005 Affordable Housing Forum.
  
• Work Underway for New Seniors’ Housing in Fort St. James
  FORT ST. JAMES, British Columbia, October 6, 2005 — Construction has started on the Fort St. James Senior Citizens Home Society assisted living development, which will provide two new assisted living apartments for Fort St. James seniors.
  
• Affordable Housing Project Begins Construction
  KINGSTON, Ontario, October 7, 2005 — The Government of Canada, the Government of Ontario, and the City of Kingston held a sod-turning ceremony today to mark the start of construction on a project that will create 14 units of supportive, affordable housing for single people struggling with homelessness. The project is funded in part under the Canada–Ontario Affordable Housing …
  
• Opening — 135 New Affordable Housing Units in Québec City
  QUÉBEC CITY, Québec, October 7, 2005 — Lower-income families and individuals in Québec City now have more affordable housing options thanks to the construction of four housing projects comprising a total of 135 units: Habitations Jean-Juneau, Montagne des Roches, Jolibourg III and Vautelet.
  
• 26 New Social and Community Housing Units in Gatineau
  GATINEAU, Québec, October 11, 2005 — Vulnerable individuals taking steps toward social reintegration, in the Gatineau area, now have more affordable housing options thanks to the development of a new residential care home providing 26 low-cost rooms with community support, on Hamel Street, in Gatineau.
  
• Housing Starts Up Sharply
  OTTAWA, Ontario, October 11, 2005 — The seasonally adjusted annual rate1 of housing starts was 230,500 units in September, up from 206,200 units in August, according to Canada Mortgage and Housing Corporation (CMHC).
  
• New Innovative Seniors' Housing Complex to Be Built in Saskatoon
  BETHANY, Saskatchewan, October 11, 2005 — Construction for a 45-unit seniors' housing complex featuring an innovative geothermal heating and cooling system was announced today in Saskatoon thanks to federal, provincial, and municipal funding.
  
• Minister Fontana Highlights Federal Legislative Initiatives at Housing Outlook Conference
  LONDON, Ontario, October 12, 2005 — Legislation to introduce measures to help Canadians deal with high energy costs will provide immediate relief to low-income Canadians, noted federal Labour and Housing Minister Joe Fontana today.
  
• New Housing Initiative Launched with Opening in Downtown Eastside
  VANCOUVER, British Columbia, October 12, 2005 — The first pilot housing project completed under the Vancouver Agreement officially opened today. The Honourable Stephen Owen, Minister of Western Economic Diversification and Minister of State for Sport, on behalf of the Honourable Joe Fontana, Minister of Labour and Housing, the Honourable Ida Chong, Minister of Community Services and MLA …
  
• Site Visit — 24 New Affordable Housing Units in the Sud-Ouest Borough of Montréal
  MONTRÉAL, Québec, October 13, 2005 — Modest and low-income families and individuals now have more affordable housing options thanks to the construction of the Coopérative Les Terrasses Wellington–Charlevoix, which consists of a 24-unit building located on Charlevoix Street, in the Sud-Ouest borough of …
  
• WHHI Funds Downtown Affordable Seniors Rental Housing Project
  WINNIPEG, Manitoba, October 13, 2005 — The construction of a new 42-unit apartment complex at 435 Cumberland Avenue will soon provide much-needed affordable seniors' rental housing and services for Winnipeg's Indochina Chinese community. The project is being made possible with the help of $1.7 million from the Government of Canada, Province of Manitoba and the City of Winnipeg through the …
  
• Affordable Housing Project Begins Construction
  ST. CATHARINES, Ontario, October 14, 2005 — The Government of Canada, the Government of Ontario, and Niagara Region held a ceremony today to mark the start of renovation on a project that will create 19 units of affordable housing in St. Catharines under the Canada–Ontario Affordable Housing Program.
  
• Opening — 18 New Social and Community Housing Units in Saint-Eustache
  SAINT-EUSTACHE, Québec, October 14, 2005 — Modest and low-income families in Saint-Eustache now have more affordable housing options thanks to the construction of a new project with 18 units, at 111 Pierre-Laporte Street.
  
• Innovative Community to Combine Energy Efficiency and Affordable Housing
  TORONTO, Ontario, October 14, 2005 — Construction has commenced on the first ENERGY STAR community in Canada aimed at the first-time buyers market. The homes will also be eligible for CMHC’s new 10 per cent mortgage insurance premium rebate program which improves affordability when purchasing energy-efficient homes.
  
• Hydro One Joins With CMHC and NRCan to Provide Home Energy Efficiency Grants to Low-Income Homeowners
  TORONTO, Ontario, October 14, 2005 — Hydro One has teamed up with Canada Mortgage and Housing Corporation (CMHC) and Natural Resources Canada (NRCan) to provide financial incentives for energy-efficiency upgrades to low-income Hydro One customers who heat their homes with electricity. This is the first initiative of its kind in Canada, where three different organizations have come together …
  
• Official Opening of Peel Youth Village Gives Youth a Place to Call Home
  MISSISSAUGA, Ontario, October 14, 2005 — The Government of Canada, the Government of Ontario and the Region of Peel celebrated the official opening of Peel Youth Village today. Peel Youth Village provides transitional housing and supports for homeless youth, as well as programs and recreational activities for the surrounding Acorn Place …
  
• The Women's Centre (Grey & Bruce) Hosts Celebration
  OWEN SOUND, Ontario, October 14, 2005 — The Women's Centre (Grey & Bruce) Inc. celebrated the official opening today of 10 newly renovated townhouses. The townhouses, part of The Women Centre's Second Stage Housing Program, offer transitional housing for women and their children in crisis.
  
• Bank of Canada raises overnight rate target by 1/4 percentage point to 3 per cent
  OTTAWA, Ontario, October 18 2005 — The Bank of Canada today announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 3 per cent. The operating band for the overnight rate is correspondingly increased, and the Bank Rate is now 3 1/4 per cent.
  
• 119 Affordable Housing Units for Seniors in the Montréal–Nord Borough of Montréal
  MONTRÉAL, Québec, October 18, 2005 — Moderate-income seniors now have access to 119 new affordable housing units thanks to the construction of Habitations Pelletier, a 235-unit housing project offering cafeteria, laundry and housekeeping services, in the Montréal–Nord borough of Montréal.
  
• Canadians' appetite for mortgage credit expected to expand by 10% this year, followed by another 10% in 2006
  TORONTO, Ontario, October 19, 2005 – Ninety per cent of Canadians are satisfied with the terms of their mortgages, according to a report released today by the Canadian Institute of Mortgage Brokers and Lenders (CIMBL). The information, gathered by Pollara in a phone survey in September and analyzed by Canadian housing analyst and economist Will Dunning, indicates that low interest rates …
  
• Bank of Canada releases Monetary Policy Report
  OTTAWA, Ontario, October 20, 2005 — The Bank of Canada today released its October Monetary Policy Report, which discusses current economic and financial trends in the context of Canada's inflation-control strategy.
  
• Affordable Housing Project in Saskatoon to Help Families and Children
  SASKATOON, Saskatchewan, October 28, 2005 — A family-friendly affordable housing project in Saskatoon is officially open for tenants thanks to federal, provincial, and municipal funding.
  
• Affordable Housing Forum Aims to Address Local Needs
  NIAGARA REGION, Ontario, October 21, 2005 — Over 100 people attended the Affordable Housing Development Forum held today in St. Catharines to learn about housing needs across Niagara region. The full-day event was hosted by Canada Mortgage and Housing Corporation, the Ministry of Municipal Affairs and Housing, and Niagara Regional Housing.
  
• Assisted Living First of its Kind for Ucluelet
  UCLUELET, British Columbia, October 21, 2005 — Seniors on the west coast of Vancouver Island will soon have access to more housing and health options after today's official groundbreaking ceremony for 10 new units of seniors' housing.
  
• 6 New Social and Community Housing Units in Saint-François-d'Assise
  SAINT-FRANÇOIS-D'ASSISE, Québec, October 24, 2005 — Modest and low-income families in the Saint-François-d'Assise area now have more affordable housing options thanks to the conversion of a former school into six social and community housing units. The Villa Saint-François is located on De l'École Street, in …
  
• Housing Starts Will Remain Strong
  OTTAWA, Ontario, October 24, 2005 — Housing starts will ease in 2005, and reach 223,600 units, a decrease of 4.2 per cent from the 17-year high in 2004, according to Canada Mortgage and Housing Corporation's (CMHC) fourth quarter Housing Market Outlook, Canada Edition report. In 2006, residential construction will remain strong at 207,200 units, the fifth consecutive year that starts are …
  
• Envision Financial selects MorWEB to enhance mortgage operations
  November 24, 2005 – Stewart Eadie, Marlborough Stirling Canada Vice President, ASP Accounts, is pleased to announce that Envision Financial has become the latest lender to begin accepting deals through Marlborough Stirling Canada’s MorWEB mortgage origination system for brokers.
  
• Woodlands Assisted Living Development One Step Closer
  NEW WESTMINSTER, British Columbia, October 26, 2005 — Good Samaritan Canada will build and operate 59 new senior housing units on the historic Woodlands site in New Westminster, Rich Coleman, Minister Responsible for Housing, and Senator Jack Austin, on behalf of the Honourable Joe Fontana, Minister of Labour and Housing announced today.
  
• Governments Partner to Expand Toronto-Area Services for Women and Children Fleeing Abuse
  TORONTO, Ontario, October 27, 2005 — Ernestine's Women's Shelter today unveiled plans for a new 32-bed facility for victims of domestic abuse. The new wheelchair-accessible shelter will open in 2006, providing a safe place for an additional 50 women and their children annually.
  
• Affordable Housing Project in Ottawa Begins Construction
  OTTAWA, Ontario, October 28, 2005 – The Government of Canada, the Government of Ontario, and the City of Ottawa held a time capsule ceremony today to mark the start of construction on a project that will create 83 units of affordable housing in Ottawa under the Canada–Ontario Affordable Housing Program.
  
• Prescott Celebrates Official Opening of Affordable Rental Units
  PRESCOTT, Ontario, October 28, 2005 — The Prescott community came together today to celebrate the official opening of four new affordable rental units. The Mayor, town councillors, citizens and local trades' people, attended the ceremony to mark the official re-opening of the Keilty Brothers building, which has under gone year-long …
  
• Construction Begins on Assisted Living Residence
  VANCOUVER, British Columbia, October 28, 2005 — Construction started today on the Icelandic Assisted Living Residence, a new $20-million housing development that will provide 77 assisted living units for Vancouver seniors.
  
• Affordable Housing Project in Saskatoon to Help Families and Children
  SASKATOON, Saskatchewan, October 28, 2005 — A family-friendly affordable housing project in Saskatoon is officially open for tenants thanks to federal, provincial, and municipal funding.