Canadian Mortgage News

September 2005 National Archive

Mortgage News & Press Releases - September 2005

• $2.34 Million for Affordable Housing Allocated to Sault Ste. Marie
  SAULT STE. MARIE, Ontario, September 2, 2005 — The Governments of Canada and Ontario have allocated $2.34 million to Sault Ste. Marie as a first wave of funding under the new $602 million Canada-Ontario Affordable Housing Program. This allocation will produce 100 new units of affordable housing, and provide rent subsidies for up to 40 lower-income …
  
• $10.25 Million for Affordable Housing Allocated to Windsor
  WINDSOR, Ontario, September 2, 2005 — The Governments of Canada and Ontario have allocated $10.25 million to the City of Windsor as a first wave of funding under the new $602 million Canada-Ontario Affordable Housing Program. This allocation will produce 120 new units of affordable housing, and provide rent subsidies for up to 140 lower-income …
  
• Bank of Canada raises overnight rate target by 1/4 percentage point to 2 3/4 per cent
  OTTAWA, Ontario, September 7, 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 2 3/4 per cent. The operating band for the overnight rate is correspondingly increased, and the Bank Rate is now 3 per cent.
  
• Opening of 76 New Affordable Housing Units in Montréal
  MONTRÉAL, Québec, September 8, 2005 — Modest- and low-income families, seniors and young mothers now have more options thanks to the construction of the Maison Saint-Étienne, the Coopérative d'habitation Prima Vera de la Petite-Patrie and the Appartements Augustine-Gonzalez of the Service d'intégration à la collectivité, three housing …
  
• New Regina Inner-City Demonstration Home Opens Its Doors
  REGINA, Saskatchewan, September 8, 2005 — An innovative and affordable demonstration home opened its doors in Regina's North Central neighbourhood today. Through its design and construction, this unique home has numerous advancements that make it sustainable, energy efficient, affordable, accessible and allow it to meet the standards of Healthy …
  
• Multiple Construction Eases in August
  OTTAWA, Ontario, September 9, 2005 — The seasonally adjusted annual rate1 of housing starts was 201,000 units in August, down from 242,600 units in July, according to Canada Mortgage and Housing Corporation (CMHC).
  
• Opening — 57 New Affordable Housing Units in Québec City
  QUÉBEC CITY, Québec, September 13, 2005 — Lower-income families and individuals now have more affordable housing options thanks to the construction of the Appartements de l'Entente III, which comprises 57 affordable housing units located in the borough of La Cité, in Québec City.
  
• New Affordable Housing for Vancouver's Seniors
  VANCOUVER, British Columbia, September 16, 2005 — A new $13.6 million housing development to provide 57 assisted living units for seniors started construction today. The Salvation Army's Southview Lodge project is funded in part under the Canada-British Columbia Affordable Housing Agreement.
  
• Official Opening of China's Second Super E® Project
  OTTAWA, Ontario, September 16, 2005 — The Honourable Joe Fontana, Minister of Labour and Housing, officially opened Shanghai’s second innovative Canadian Super E® project today.
  
• New Affordable Housing Units for Dauphin
  DAUPHIN, Manitoba, September 20, 2005 - Low to moderate income seniors in the Dauphin area will soon benefit from the construction of an affordable housing project that also includes an assisted living component. Twenty-three units of this 27-unit apartment development were built with the help of $450,000 in funding from the Canada-Manitoba Affordable Housing Initiative …
  
• Affordable Home Ownership Project Begins Construction
  MARKHAM, Ontario, September 21, 2005 — The Government of Canada, the Government of Ontario, the Town of Markham and the non-profit development company Options for Homes held a sod-turning ceremony today to mark the start of construction of Old Kennedy Village, a project that will create 135 affordable condominium units in Markham for sale to low- to moderate-income families in need of …
  
• Federal-Provincial-Territorial Meeting of Ministers Responsible for Housing
  We've heard from Canadians, and what they’ve told us is that there is a need for more housing support for the homeless, supported and transitional housing, affordable housing, assisted home ownership, and market housing. Working together, Federal, Provincial and Territorial Ministers are committed to addressing these pressing needs.
  
• $1.5 Million Allocated for Affordable Housing in Toronto
  TORONTO, Ontario, September 23, 2005 — The federal, provincial and municipal governments, along with Nuc-Tuct Non-Profit Homes Corporation, are gathering to celebrate the construction of a new affordable housing apartment complex in Toronto.
  
• Opening of 15 New Social and Community Housing Units in Magog
  MAGOG, Québec, September 23, 2005 — Persons with physical disabilities now have more options thanks to the construction of 15 adapted housing units in the Résidences Gravel et Viens, located at 96 Brassard Street, in Magog.
  
• Affordable Housing Project Opens in London
  LONDON, Ontario, September 24, 2005 — The Government of Canada, the Government of Ontario, and the City of London held a ceremony today to mark the official opening of the London Affordable Housing Foundation's townhouses located at 1374 Savannah Drive, a project that creates 14 units of affordable housing in London under the Canada–Ontario Affordable Housing …
  
• Campus of Care Begins Construction
  VERNON, British Columbia, September 24, 2005 — Construction of Good Samaritan Canada’s new campus of care began today at the official groundbreaking ceremony for the $9.4 million assisted living development. The development, funded in part under the Canada-British Columbia Affordable Housing Agreement, through Independent Living BC, will provide 38 subsidized assisted living units, …
  
• Increased Services for Hazelton's Seniors
  HAZELTON, British Columbia, September 24, 2005 — Today marked the start of construction for a new $1.9 million housing development that will provide six assisted living units for seniors at the Wrinch Memorial Foundation’s Skeena Place.
  
• 20 New Social and Community Housing Units in Saint-Cyprien
  SAINT-CYPRIEN, Québec, September 25, 2005 — Slightly frail seniors now have more options thanks to the construction of the Le Castel housing project of the Centre Multi-Services de Saint-Cyprien, which is providing 20 new units at 119 Claude Street, in Saint-Cyprien.
  
• Site Visit — 92 New Housing Units in Berthierville
  BERTHIERVILLE, Québec, September 26, 2005 — Moderate-income seniors in Berthierville will soon have more affordable housing options thanks to the construction of the Pavillon Berthier, which will comprise 92 housing units, on Sainte-Foy Street. Out of these units, 40 will be subsidized under the private component of the Affordable Housing Québec …
  
• 40 Social Housing Units in the Borough of Boucherville, in Longueuil
  LONGUEUIL, Québec, September 26, 2005 — Low-income individuals in the area now have more options thanks to the reconstruction of Place Saint-Louis, which is providing 40 brand new social housing units at 125 Du Puits Street, in the borough of Boucherville, in Longueuil.
  
• Opening 18 New Affordable Housing Units in the Borough of La Haute-Saint-Charles
  QUÉBEC CITY, Québec, September 28, 2005 — Low- to moderate-income families now have more affordable housing options thanks to the construction of a housing project with 18 units, on Saint-Amand Street, in the borough of La Haute-Saint-Charles, in Québec City.
  
• Housing Stakeholders Work in Partnership at Affordable Housing Forum
  LONDON, Ontario, September 28, 2005 — More than one hundred housing experts and providers from across Ontario are gathered in London today to share best practices with the goal of working with community members towards the development of affordable housing and homelessness services.
  
• $2.2 Million Allocated for Affordable Housing in Waterloo Region
  CAMBRIDGE, Ontario, September 29, 2005 — The Government of Canada and the Government of Ontario today allocated more than $2.2 million to create 77 units of affordable housing in the Waterloo Region, under the Canada–Ontario Affordable Housing Program Agreement.
  
• Richmond’s First Hospice Opens Doors
  RICHMOND, British Columbia, September 30, 2005 — Richmond’s first freestanding, community hospice opened its doors today. The Salvation Army Rotary Hospice House, owned and operated by The Salvation Army, is a ten-bed, home-like facility providing quality end of life care to residents of Richmond and Vancouver.
  
• Funding Allocated for London Area Projects
  LONDON, Ontario, September 30, 2005 — More than $250,000 in funding has been allocated in the City of London for four housing projects. The federal government has contributed $120,000 through Canada Mortgage and Housing Corporation's (CMHC) Residential Rehabilitation Assistance Program (RRAP), while $108,500 has been provided by the City of London and $20,474 from private …