Canadian Mortgage News

June 2008 National Archive

Mortgage News & Press Releases - June 2008

• National Rental Vacancy Rate Edges Lower
  OTTAWA, Ontario, June 05, 2008 — The average rental apartment vacancy rate in Canada's 35 major centres 1 decreased slightly to 2.6 per cent in April 2008, from 2.8 per cent in April 2007, according to the spring Rental Market Survey 2 released today by Canada Mortgage and Housing Corporation (CMHC). “The Canadian economy remains very supportive of strong demand for both …
  
• New Affordable Housing Project in Bathurst
  BATHURST, New Brunswick, June 09, 2008 — The Government of Canada and the Province of New Brunswick officially announced a new affordable housing project for low-income individuals in Bathurst today. Funded under phase III of the Canada – New Brunswick Affordable Housing Agreement, the project will create 14 new units, of which seven are affordable housing units. The Honourable …
  
• Housing Starts Move Higher in May
  OTTAWA, Ontario, June 09, 2008 — The seasonally adjusted annual rate 1 of housing starts was 221,300 units in May, up from 213,900 units in April, according to Canada Mortgage and Housing Corporation (CMHC). “Housing starts in May moved up from the strong level posted in April. Most of the increase reflected a rise in single starts, which in April had reached their lowest level …
  
• Go the Max with MorWEB
  TORONTO, Ontario, June 09, 2008 — Marlborough Stirling Canada is pleased to announce the recent enhancement of the MorWEB mortgage origination platform to provide an interface to the web-based client relationship management system provided by GoMax Solutions Inc.
  
• Bank of Canada keeps overnight rate target at 3 per cent
  OTTAWA, Ontario, June 10, 2008 — The Bank of Canada today announced that it is maintaining its target for the overnight rate at 3 per cent. The operating band for the overnight rate is unchanged, and the Bank Rate remains at 3 1/4 per cent. Since the April Monetary Policy Report ( MPR ), economic developments have been broadly in line with expectations. However, the balance of risks to …
  
• New Affordable Housing Project Officially Opens in Summerside
  SUMMERSIDE, Prince Edward Island, June 17, 2008 — More individuals with a disability now have access to more affordable, barrier-free housing with the official opening of the Independence Place project in Summerside. Independence Place, a development by Scotcor Construction Ltd, will provide five two-bedroom and six one-bedroom units on North Duke Street in Summerside. Scotcor …
  
• New Affordable Housing Units Open in Oxford County
  WOODSTOCK, Ontario, June 17, 2008 — The Government of Canada, the Government of Ontario and the County of Oxford today held a ribbon-cutting ceremony to mark the official opening of 12 new units at Homestead Christian Care’s Blossom Park Supported Independent Living Apartments, an affordable housing project that provides rental units for lower-income families and individuals under …
  
• Our Place Opens to Help Homeless in Victoria
  VICTORIA, British Columbia, June 24, 2008 — Representatives from all three levels of government and local partners celebrated the official opening of Our Place, a $14 million development helping to break the cycle of homelessness in Victoria today. “The Government of Canada is committed to making affordable housing more available in British Columbia and for those who need it …
  
• Construction to Begin on New Affordable Housing Complex in Calgary
  CALGARY, Alberta, June 26, 2008 — Individuals, families and children in Calgary are one step closer to more affordable housing following a sod-turning ceremony in the community of Hillhurst – Sunnyside. The Brenda Strafford Foundation Affordable Housing Initiative will feature 83 two-bedroom apartments of which 33 units are targeted to support women and families leaving domestic …
  
• Building Affordable Housing Together in Northeast Calgary
  CALGARY, Alberta, June 27, 2008 — Families in the Calgary community of Vista Heights will have access to more affordable housing after a grand opening ceremony was held today for a $10.55 million, 41-unit three-storey, multi-family housing development that will provide affordable rents for working singles, couples, families with children and persons with accessibility issues. …
  
• Minister Solberg Announces Reappointment to CMHC Board
  OTTAWA, Ontario, June 27, 2008 — The Honourable Monte Solberg, Minister of Human Resources and Social Development, and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC) announced today the reappointment of Harold Calla to CMHC's Board of Directors, for a four-year term. Mr. Calla was first appointed to the Board of Directors of Canada Mortgage and Housing Corporation …