Canadian Mortgage News

June 2007 National Archive

Mortgage News & Press Releases - June 2007

• New Affordable Housing Project Opens in Huntsville
  HUNTSVILLE, Ontario, June 01, 2007 — Canada’s New Government, the Government of Ontario, the District Municipality of Muskoka, Muskoka Women’s Advocacy Group and community partners held a ribbon-cutting ceremony today to mark the official opening a new supportive housing development. Chrysalis Shelter and Supportive Housing, funded under the Canada – Ontario Affordable …
  
• New Shelter Offers Hope for Nanaimo’s Homeless
  NANAIMO, British Columbia, June 01, 2007 — Federal, provincial and local representatives gathered in Nanaimo today to celebrate the official opening of the Salvation Army’s New Hope Centre, a new $4.2 million housing development aimed at helping Nanaimo’s population.New Hope Centre is one of 61 transitional housing developments being built across the province as a result of …
  
• Students and Local Builder Recognized for their Commitment to Healthy Housing TM
  CARLETON PLACE, Ontario, June 01, 2007 — Canada Mortgage and Housing Corporation (CMHC) today recognized 14 students and home builder Halliday Homes for their knowledge of Healthy Housing™ principles. The students worked with Halliday Homes to build an energy-efficient EnviroHome in Carleton Place.“Canada’s New Government is committed to working with the private sector …
  
• Supportive Housing Breaks Ground on Salt Spring Island
  SALT SPRING ISLAND, British Columbia, June 01, 2007 — Federal, provincial and community partners gathered today for the official groundbreaking of a new $4.9 million housing development for individuals and families at risk of homelessness, and people with mental health issues."Canada's New Government is delivering on its commitment to help those who are homeless and those at risk of …
  
• $4.4 Million Seniors’ Housing Complex Opens in Chemainus
  CHEMAINUS, British Columbia, June 02, 2007 — Government and community partners are celebrating the official opening of The Steeples, a new housing complex that will provide 16 assisted living units for seniors in Chemainus.“Canada’s New Government supports the creation of affordable housing in British Columbia,” said James Lunney, Member of Parliament for Nanaimo – …
  
• $4 Million Home Repair Program for Thunder Bay Announced
  THUNDER BAY, Ontario, June 06, 2007 — Canada’s New Government, the Government of Ontario, and the Thunder Bay District Social Services Administration Board (TBDSSAB) today announced funding that will assist up to 200 low-income households to make urgently needed home repairs. The Northern Home Repair Program will assist homeowners to make repairs to address home health and safety …
  
• Rental Vacancy Rates are Lowest in Alberta and British Columbia Due to Strong Population Growth
  OTTAWA, Ontario, June 06, 2007 — The average rental apartment vacancy rate in Canada's 35 major centres1 was 2.8 per cent in April 2007, according to the new spring Rental Market Survey released today by Canada Mortgage and Housing Corporation (CMHC).Thanks to strong employment growth, solid income gains, and high immigration levels, the Canadian economy remains very supportive of strong …
  
• Accessible and Affordable Seniors Housing Opens in Ste. Anne
  STE. ANNE, Manitoba, June 08, 2007 — Manitobans in the Ste. Anne area have been able to move into a new 28 unit affordable housing project as a result of more than $1.4 million in funding from the Canada – Manitoba Affordable Housing Initiative (AHI).“Canada’s New Government recognizes the importance of affordable housing,” said the Honourable Vic Toews, President …
  
• Developer Breaks Ground on Laebon CHESS EQuilibrium Demonstration House in Red Deer
  RED DEER, Alberta, June 08, 2007 — The Honourable Monte Solberg, Minister of Human Resources and Social Development, and Minister responsible for Canada Mortgage and Housing Corporation (CMHC) announced the ground breaking of an EQuilibrium demonstration home today.The Laebon Canadian Housing Energy Sustainable Solutions (CHESS) Project will be built in Red Deer, Alberta as part of …
  
• Housing Starts Move Higher in May
  OTTAWA, Ontario, June 08, 2007 — The seasonally adjusted annual rate1 of housing starts was 229,700 units in May, up from 211,900 units in April, according to Canada Mortgage and Housing Corporation (CMHC).“Although housing starts moved higher in May, much of the increase came from the volatile multiple segment which registered a significant increase in Ontario,” said Bob …
  
• On Average, Households Across Ten Major Centres Spent More Than $11,000 on Renovations in 2006
  OTTAWA, Ontario, June 14, 2007 — Approximately 1.5 million households in 10 major Canadian centres surveyed1 indicated they completed renovations last year, costing an average of more than $11,000, according to the new Renovation and Home Purchase Survey2 released today by Canada Mortgage and Housing Corporation (CMHC).“More than $17.3 billion was spent on renovations last year …
  
• $6.5 Million Seniors’ Housing Opens in Port Alberni
  PORT ALBERNI, British Columbia, June 15, 2007 — Federal, provincial and municipal representatives, as well as community partners gathered in Port Alberni today to celebrate the official opening of Heritage Place, a new $6.52 million, 26-unit assisted living development.“Canada’s New Government is committed to making affordable housing more available in British Columbia and …
  
• New Assisted Living Units Open for Ashcroft Seniors
  ASHCROFT, British Columbia, June 15, 2007 — Federal, provincial and community partners gathered today to celebrate the opening of the Thompson View Manor Society’s Thompson View Lodge, a $4 million, 10-unit assisted living development for seniors and persons with disabilities.“Canada’s New Government is committed to making affordable housing more available in British …
  
• Canada’s New Government and the Province of Manitoba Announce Over $900,000 in Homelessness Funding to Help Brandon Area Youth
  BRANDON, Manitoba, June 15, 2007 — Merv Tweed, Member of Parliament for Brandon – Souris, on behalf of the Honourable Monte Solberg, Minister of Human Resources and Social Development, and Drew Caldwell, MLA for Brandon East, on behalf of the Honourable Gord Mackintosh, Minister of Family Services and Housing for Manitoba, today announced over $900,000 in homelessness funding for …
  
• $18 Million Assisted Living Building Completes Campus of Care
  ABBOTSFORD, British Columbia, June 18, 2007 — Federal, provincial and community partners gathered today to celebrate the official opening of the Tabor Home Society’s new $18 million, 104-unit assisted living development in Abbotsford.Tabor Court completes a campus of care that will ensure a full range of housing options for seniors in Abbotsford, including independent and assisted …
  
• Alouette Homes Breaks Ground on their EQuilibrium Demonstration House in Eastman, Quebec
  EASTMAN, Quebec, June 18, 2007 — The Honourable Monte Solberg, Minister of Human Resources and Social Development, and Minister responsible for Canada Mortgage and Housing Corporation (CMHC) announced the ground breaking of an EQuilibrium demonstration home today.The Alouette Homes project will be built in Eastman, as part of CMHC's EQuilibrium sustainable housing …
  
• New Assisted Living Units Open for Victoria Seniors
  VICTORIA, British Columbia, June 19, 2007 — The Cridge Centre for the Family, along with Lieutenant Governor Iona Campagnolo, all three levels of government and community partners celebrated today the official opening of The Cridge Village Seniors’ Centre, 77 new assisted living homes for Victoria seniors."Canada's New Government is committed to providing real housing solutions for …
  
• EcoCité — Sodero Developments Breaks Ground on EQuilibrium Demonstration House in Quebec
  VERDUN, Quebec, June 19, 2007 — The Honourable Monte Solberg, Minister of Human Resources and Social Development, and Minister responsible for Canada Mortgage and Housing Corporation (CMHC) announced the groundbreaking of an EQuilibrium demonstration home today.Abondance Montréal will be built in the Montréal borough of Verdun as part of CMHC's EQuilibrium sustainable …
  
• Newfoundland and Labrador Gets Over $2 Million Boost in Affordable Housing
  HOLYROOD, Newfoundland & Labrador, June 21, 2007 — Canada’s New Government and the Government of Newfoundland and Labrador today announced more than $2 million to create 65 affordable housing units in eight communities under the Canada – Newfoundland and Labrador Affordable Housing Program Agreement.Norman Doyle, Member of Parliament for St. John’s East, on behalf of …
  
• $4.3 Million Supportive Housing Development Opens in Smithers
  SMITHERS, British Columbia, June 22, 2007 — Seniors and adults with disabilities in the North now have access to more housing and health options after today’s official opening of The Meadows, a new $4.3 million, 14 unit assisted living development in Smithers.“Canada's New Government is committed to providing housing solutions for seniors and adults living with disabilities, …
  
• New Affordable Housing Project Opens in Hamilton
  HAMILTON, Ontario, June 22, 2007 — Canada’s New Government, the Government of Ontario and the City of Hamilton held a ribbon-cutting ceremony today to mark the official opening of T. Valeri Construction Limited, an affordable housing project that provides rental units for lower-income families under the Canada – Ontario Affordable Housing Program.David Sweet, Member of …
  
• Queensville Rest Home Benefits from $589,000 in Property Renovations
  QUEENSVILLE, Ontario, June 25, 2007 — Canada Mortgage and Housing Corporation’s (CMHC) popular Residential Rehabilitation Assistance Program (RRAP) contributed $589,000 to help repair and improve accessibility of a Queensville rest home.The Valley View Rest Home is a 33-bed community residence with 24-hour support and supervision for adults over 18 years of age, including active …
  
• Opening of 15 New Affordable Housing Units in the Borough of Ville-Marie, in Montréal
  MONTRÉAL, Quebec, June 26, 2007 — Lower-income families now have more affordable housing options thanks to the construction of the 15 units in the second phase of the Coopérative d’habitation Chung Hua, in the borough of Ville-Marie, in Montréal.This announcement was made today, on the occasion of the opening of this building, by Honourable Michael M. Fortier, …
  
• Construction to Begin on New Affordable Housing in Inglewood
  CALGARY, Alberta, June 28, 2007 — A sod-turning event was held today for a new building that will provide housing for low-income families and physically and mentally challenged individuals in Calgary. Representatives of Canada’s New Government, the Government of Alberta, The City of Calgary, Calgary Homeless Foundation, Calgary Home Builders Foundation and Horizon Housing Society all …
  
• Genesis Court Officially Opens
  ST. CATHARINES, Ontario, June 28, 2007 — Canada’s New Government, the Government of Ontario, Niagara Region, the City of St. Catharines and Niagara Regional Housing held a plaque-dedication ceremony today to mark the official opening of a new supportive housing development in St. Catharines. Genesis Court, funded under the Canada – Ontario Affordable Housing Program, provides …
  
• ONE IN FOUR FIRST-TIME HOMEOWNERS CAUGHT OFF GUARD BY EARLY COSTS
  CALGARY, Alberta, June 28, 2007 — More than 600,000 Canadians will have a moving day by the end of August this year, and one in four first-time homeowners will be unprepared for the costs and surprises that come with their purchase, according to a survey conducted by Ipsos Reid for First Canadian Title, Canada's leading provider of title insurance.The Canadian Real Estate Association …
  
• New Affordable Housing Complex for Seniors Officially Opens in Vaughan
  VAUGHAN, Ontario, June 29, 2007 — A new affordable housing apartment complex providing 60 apartments for low-income seniors officially opened today. Representatives of Canada's New Government, the Government of Ontario, the Regional Municipality of York and the City of Vaughan came together to celebrate the official opening of Blue Willow Terrace at 133 Fieldstone Drive in Vaughan.The …