Canadian Mortgage News

March 2008 National Archive

Mortgage News & Press Releases - March 2008

• Canadian Mortgage Professional Awards
  The 2008 Canadian Mortgage Award winners have been announcedTORONTO, Ontario, March 01, 2008 — KMI Publishing's second annual Canadian Mortgage Professional Awards gala held Friday, February 29, 2008 had 15 categories. Below are the winners for each category:
  
• Bank of Canada lowers overnight rate target by 1/2 percentage point to 3 1/2 per cent
  OTTAWA, Ontario, March 04, 2008 — The Bank of Canada today announced that it is lowering its target for the overnight rate by one-half of one percentage point to 3 1/2 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 3 3/4 per cent.
  
• CanEquity joins the Axiom Mortgage Partners
  CALGARY, Alberta, March 05, 2008 — CanEquity Mortgage started with a vision to expand the Canadian mortgage market and to become a front-runner with major banking institutions. In six short years, CanEquity has become one of the fastest growing mortgage companies in Canada and their recent partnership with Axiom Mortgage Partners (http://www.axiommortgage.ca/) will enable the Calgary based …
  
• CanEquity Mortgage lowers short term fixed rates up to 125 Basis Points
  CALGARY, Alberta, March 06, 2008 — During the first week of March, CanEquity Mortgage (www.canequity.com) has continued to reduce their short-term mortgage interest rates to reflect the drop in prime rate. CanEquity is a nationally licensed Canadian mortgage brokerage with access to approximately 75 lenders and trust companies. CanEquity will continue to find the lowest mortgage rates …
  
• Housing Starts Move Higher in February
  OTTAWA, Ontario, March 10, 2008 — The seasonally adjusted annual rate1 of housing starts was 256,900 units in February, up from 222,700 units in January, according to Canada Mortgage and Housing Corporation (CMHC). 
  
• Canadian Mortgage Consumers Manage their Debt Responsibly
  OTTAWA, Ontario, March 19, 2008 — Canada Mortgage and Housing Corporation’s (CMHC) 2007 Mortgage Consumer Survey shows that 78 per cent of Canadians who recently purchased a new home intend to pay off their mortgage as quickly as possible, and many have already taken steps toward that goal.
  
• Minister Solberg Announces Expansion of CMHC’s Equilibrium Sustainable Housing Demonstration Initiative
  SAINT JOHN, New Brunswick, March 19, 2008 — The Honourable Monte Solberg, Minister of Human Resources and Social Development and Minister responsible for Canada Mortgage and Housing Corporation (CMHC) today called for builder and developer teams in British Columbia, the Atlantic Region, and the North to design and build or renovate eco-friendly homes as part of the second phase of …
  
• Over $5.5 Million to Boost Affordable Housing in Peterborough
  PETERBOROUGH, Ontario, March 28, 2008 — The Government of Canada, the Government of Ontario, and the City of Peterborough today celebrated the creation of 79 new affordable housing units in Peterborough. Four affordable housing projects received more than $5.5 million in funding under the Canada – Ontario Affordable Housing Program.