Canadian Mortgage News

August 2006 National Archive

Mortgage News & Press Releases - August 2006

• City Oasis Apartment Complex Opens in Downtown Winnipeg Will Benefit Seniors Needing Affordable, Rental Housing
  WINNIPEG, Manitoba, August 5, 2006 — The successful partnership between the Winnipeg Housing and Homelessness Initiative (WHHI) and the Indochina Chinese Association of Manitoba (ICAM) has culminated with the completion of the City Oasis Apartment Complex in downtown Winnipeg.
  
• Multiple Starts Posted Another Strong Result in July
  OTTAWA, Ontario, August 9, 2006 — The seasonally adjusted annual rate1 of housing starts was 236,500 units in July, marginally up from June by 100 units, according to Canada Mortgage and Housing Corporation (CMHC).
  
• Housing Starts Will Slow in 2007
  OTTAWA, Ontario, August 14, 2006 —Housing starts will register another strong year in 2006, according to Canada Mortgage and Housing Corporation’s (CMHC) third quarter Housing Market Outlook, Canada Edition report. Starts will reach 227,900 units in 2006, before decreasing to 209,100 units next year. Although residential construction will ease, 2007 will mark the sixth consecutive …
  
• New Affordable Housing Units for Saint-Quentin
  SAINT-QUENTIN, New Brunswick, August 18, 2006 — Non-elderly singles in Saint-Quentin will have access to more affordable housing with the official opening of "Gilles Bossé Construction". The ten unit housing complex received $325,000 in funding under the Canada – New Brunswick Affordable Housing Agreement.
  
• $2 Million Allocated for Affordable Housing in Guelph
  GUELPH, Ontario, August 21, 2006 — The Government of Canada, the Government of Ontario and the County of Wellington, who have partnered with the City of Guelph, held two ribbon-cutting ceremonies today to mark the official opening of 77 units of affordable housing in two buildings providing homes for lower-income individuals, seniors, and …
  
• Plaque Dedication Ceremony Marks Renovation of Welland Mills Project
  THOROLD, Ontario, August 21, 2006 — The Government of Canada, the Government of Ontario, Niagara Region and the City of Thorold held a plaque dedication ceremony at the Welland Mills affordable housing project. The project will create 18 units of affordable housing in the City of Thorold under the Canada – Ontario Affordable Housing …
  
• St. Catharines Families Benefit from Rental Unit Conversion
  ST. CATHARINES, Ontario, August 22, 2006 — Exothermal Industries celebrated today the official opening of 19 new affordable rental units at the James Street Lofts. Located in the old Stokes Seeds warehouse in downtown St. Catharines, the conversion project received federal funding of $456,000 through Canada Mortgage and Housing Corporation's (CMHC) Residential Rehabilitation Assistance …
  
• Affordable Rental Housing Opens in Prince Albert
  PRINCE ALBERT, Saskatchewan, August 23, 2006 — Thanks to a federal, provincial and municipal funding partnership totaling $450,000, eleven affordable, family rental housing units in Prince Albert officially opened today
  
• Affordable Housing Funds Allocated
  WHITEHORSE, Yukon, August 23, 2006 — The Governments of Canada and the Yukon today announced their commitment to a six-unit senior's housing complex to be constructed in Haines Junction. Funding is provided under the Canada - Yukon Affordable Housing Program Agreement.
  
• Construction Begins on Affordable Housing Project for Seniors in New Tecumseth
  ALLISTON, Ontario, August 23, 2006 — The Government of Canada, the Government of Ontario, the County of Simcoe and the Town of New Tecumseth celebrated thestart of construction for an affordable housing project that will create 33 units of affordable housing for seniors in the Town of New Tecumseth under the
  
• Safe, Supportive Haven for Low Income Individuals Opens in Edmonton
  EDMONTON, Alberta, August 23, 2006 — An 18-unit long-term supportive, bachelor apartment building designed for low-income individuals was formally dedicated and officially opened today in the city's McCauley neighbourhood.
  
• Nearly $12 Million Approved for New Affordable Housing Projects
  EDMONTON, Alberta, August 24, 2006 — Albertans in Calgary, Edmonton, Fort McMurray and High Prairie will have access to 150 new affordable housing units, thanks to almost $12 million in funding allocated under phase two of the Canada – Alberta Affordable Housing Program.
  
• Affordable Housing Project Opens in Bonnechere Valley
  BONNECHERE VALLEY, Ontario, August 24, 2006 —The Government of Canada, the Government of Ontario, the County of Renfrew and the Township of Bonnechere Valley held a ceremony today to mark the opening of Fairfields, an affordable housing project that creates 24 units of affordable housing in the Township of Bonnechere Valley under the Canada – Ontario Affordable Housing …
  
• Ontario Communities Get $90 Million Boost for Affordable Housing
  TORONTO, Ontario, August 25, 2006 — The Government of Canada and the Government of Ontario today allocated almost $90 million to create approximately 1,900 new affordable housing units in 21 towns and cities across Ontario under the Canada – Ontario Affordable Housing Program.
  
• Affordable Apartments Repaired With Federal Funding in Nelson
  NELSON, British Columbia, August 28, 2006 — The completion of renovations to Alpine Lake Suites, an affordable housing development in Nelson, was celebrated today with federal officials, the owners of the development, Doug Main and Anne Gover, as well as residents and project partners.
  
• Affordable Seniors’ Housing to be Built in Strasbourg
  STRASBOURG, Saskatchewan, August 30, 2006 — Construction of sixteen new affordable housing units for low to modest-income seniors officially began today with a sod turning ceremony in the town of Strasbourg.
  
• CanEquity Launches Comprehensive Mortgage Statistics Site
  CALGARY, Alberta, August 31, 2006 — CanEquity Mortgage has just announced the release of their comprehensive mortgage statistics to the public, viewable online.