Canadian Mortgage News

September 2007 National Archive

Mortgage News & Press Releases - September 2007

• Bank of Canada keeps target for the overnight rate at 4 1/2 per cent
  OTTAWA, Ontario, September 05, 2007 — The Bank of Canada today announced that it is maintaining its target for the overnight rate at 4 1/2 per cent. The operating band for the overnight rate is unchanged, and the Bank Rate remains at 4 3/4 per cent.
  
• 60 Unit Housing Project Opens in Saint John
  SAINT JOHN, New Brunswick, September 05, 2007 — Canada’s New Government and the Province of New Brunswick officially opened a new 60-unit housing project in Saint John today, of which 30 units are funded under the Canada – New Brunswick Affordable Housing Agreement. The project created housing units for non-elderly singles and …
  
• Marlborough Stirling Canada introduces two-way lender link with AIG United Guaranty
  TORONTO, Ontario, September 05, 2007 — Moving forward on its vision of connecting all players in the Canadian mortgage industry, leading technology services provider Marlborough Stirling Canada (MSC) announces the successful production launch of an electronic interface to AIG United Guaranty Mortgage Insurance Company Canada.
  
• New Affordable Housing Project Opens in Winnipeg
  WINNIPEG, Manitoba, September 10, 2007 — The paint is barely dry but tenants have already moved into 1 Flora Place, the brand new affordable housing development in Winnipeg’s Dufferin neighbourhood. The project, which officially opened today, is owned and managed by the Winnipeg Housing Rehabilitation Corporation.
  
• Funding for New Housing Project in Shediac
  SHEDIAC, New Brunswick, September 10, 2007 — Non-elderly singles and disabled in Shediac will have access to more affordable housing with the construction of two buildings by MJP Investments (Beauséjour) Ltd.
  
• Housing Starts Move Higher in August
  OTTAWA, Ontario, September 11, 2007 — The seasonally adjusted annual rate1 of housing starts was 226,500 units in August, up from 215,600 units in July, according to Canada Mortgage and Housing Corporation (CMHC).
  
• New Affordable Housing Complex to Benefit Local Communities
  STONY PLAIN, Alberta, September 12, 2007 — The Meridian Foundation officially opened Forest Ridge Place, a new 42-unit, affordable housing rental project located at 5303 – 47 Street in Stony Plain. This $4.3 million project will provide housing at below-market rental rates for low-to-moderate income seniors.
  
• New $3 Million Dollar Affordable Housing Project Opens in Winkler
  WINKLER, Manitoba, September 13, 2007 — Manitobans in the Winkler area now have access to a new affordable housing complex, as a result of close to $2 million in federal and provincial funding under the Canada – Manitoba Affordable Housing Initiative (AHI).
  
• New Assisted Living Units Open for Fort St. John Seniors
  FORT ST. JOHN, British Columbia, September 14, 2007 — The official opening of Heritage Manor II, a new $6.2 million, 24-unit assisted living development, was celebrated today by all three levels of government in Fort St. John.
  
• Seeking Web Developer
  OKOTOKS, Alberta, September 17, 2007 — The Canadian Equity Group Inc is seeking a driven and motivated web designer/developer with some marketing experience. Your responsibilities will be to build and maintain numerous financial websites and portals. You MUST be able to maintain comprehensive websites that include databases created with Perl/PHP/MySQL with a solid understanding of HTML, …
  
• New Affordable Housing Units Revitalizing Winnipeg Neighbourhoods
  WINNIPEG, Manitoba, September 21, 2007 — Aboriginal families with low incomes can soon expect a new home and affordable rent with the construction of ten single-family housing units in Winnipeg’s Centennial, St. John’s and West Alexander neighborhoods. The project received funding from the Winnipeg Housing and Homelessness Initiative (WHHI), a partnership between the …
  
• New Assisted Living Homes Open for Seniors in Richmond
  RICHMOND, British Columbia, September 21, 2007 — Federal, provincial and community partners, including the S.U.C.C.E.S.S. Multi-Level Care Society, celebrated the opening today of a new $15.5-million facility with 50 assisted living units.
  
• Minister Solberg Announces Appointment to CMHC Board
  OTTAWA, Ontario, September 21, 2007 — The Honourable Monte Solberg, Minister of Human Resources and Social Development, and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC) announced today the appointment of E. Anne MacDonald to CMHC’s Board of Directors. A lawyer by profession, Mrs. MacDonald will sit on the board as the representative of the Atlantic …
  
• New Assisted Living Homes Open for Seniors in the North
  KITAMAT, British Columbia, September 22, 2007 — Seniors in the North now have access to more housing and health options after today’s official opening of Delta King Place, a new $4.5-million, 15-unit assisted living development for seniors in Kitimat.
  
• Building for Independence Opens to Provide Supportive Housing to People with Mental Health Disabilities
  DARTHMOUTH, Nova Scotia, September 27, 2007 — Building for Independence, a supportive housing facility for people with mental health disabilities, opened its doors today. Mr. Gerald Keddy, Member of Parliament for South Shore – St. Margaret’s, on behalf of the Honourable Monte Solberg, Minister of Human Resources and Social Development, participated with other dignitaries in a …
  
• Housing Project for At-Risk Youth Open in Saskatoon
  SASKATOON, British Columbia, September 28, 2007 — Twelve at-risk young women aged 18 – 23 will be living more independently and enjoying an enhanced quality of life, thanks to a new affordable rental housing project that officially opened today in Saskatoon. The project, consisting of two buildings called My Home III and IV, received funding from the federal, provincial and municipal …