Canadian Mortgage News

May 2008 National Archive

Mortgage News & Press Releases - May 2008

• First Nations Market Housing Fund is Open for Business
  GATINEAU, Quebec, May 05, 2008 — The Government of Canada is making home ownership a reality for more First Nations people living on reserve. Today, Monte Solberg, Minister of Human Resources and Social Development and Minister responsible for Canada Mortgage and Housing Corporation (CMHC) and Chuck Strahl, Minister of Indian and Northern Affairs Canada and Federal Interlocutor for …
  
• Housing Starts Dip in April
  OTTAWA, Ontario, May 08, 2008 — The seasonally adjusted annual rate 1 of housing starts was 213,900 units in April, down from 243,000 units in March, according to Canada Mortgage and Housing Corporation (CMHC). “Housing starts in April moderated from the high levels posted in February and March. Most of the decrease reflected a drop in multiple starts, which in March and February …
  
• New Women’s Shelter Breaks Ground in Hamilton
  HAMILTON, Ontario, May 13, 2008 — A ground breaking ceremony is being held today for a new women’s shelter in Hamilton. The 40-bed facility is the first of four buildings designated for the site that will be named Good Shepherd Square and will help provide women fleeing abuse and their children with a safe and supportive environment. “Our government is committed to making …
  
• Housing Starts to Slow in 2008
  OTTAWA, Ontario, May 15, 2008 — New home construction will begin to slow in 2008, but remain high by historical standards, according to Canada Mortgage and Housing Corporation’s (CMHC) second quarter Housing Market Outlook, Canada Edition report. Higher mortgage carrying costs will be a catalyst for the decrease in residential construction to 214,650 units in 2008, from 228,343 …
  
• New Seniors Housing Complex and Primary Health Care Centre Opens its Doors in ...
  EDMONTON, Alberta, May 20, 2008 — Community partners gathered in Edmonton today to celebrate the grand opening of Centre de santé Saint-Thomas Health Centre. This $25 million project will provide supportive housing and assisted living programs for seniors, as well as a primary health care centre offering health promotion, prevention, treatment and rehabilitation programs to the …
  
• Seniors Housing Development Opens in Vanderhoof
  VANDERHOOF, British Columbia, May 21, 2008 — Seniors in Vanderhoof now have access to more affordable housing options with today’s opening of Riverside Place, a $4.1-million, 32-unit development offering assisted living apartments and the first Seniors’ Supportive Housing program apartments to open in the North. “The Government of Canada is committed to making …
  
• New Affordable Housing Opens for Langley Seniors
  LANGLEY, British Columbia, May 22, 2008 — Seniors in Langley now have access to 58 new affordable homes after federal, provincial and community partners celebrated the official opening today of Evergreen Timbers, a $17.2-million assisted living development. “The Government of Canada is committed to making affordable housing more available in British Columbia and for those who …
  
• Kingston to Benefit From 73 New Affordable Homes
  KINGSTON, Ontario, May 22, 2008 — The Government of Canada, the Government of Ontario and the City of Kingston today celebrated more than $5.1 million in funding for affordable housing in Kingston. This funding will help create 73 new affordable rental units in two Kingston projects. Gord Brown, Member of Parliament for Leeds – Grenville, on behalf of the Honourable Monte …
  
• Renovation Spending Across 10 Major Centres Up by $2 Billion in 2007
  OTTAWA, Ontario, May 22, 2008 — An estimated 1.5 million households in 10 major Canadian centres surveyed indicated they completed renovations last year that cost an average of more than $12,800, according to the Renovation and Home Purchase Survey released today by Canada Mortgage and Housing Corporation (CMHC). “Close to $19.7 billion was spent on renovations in 2007 across the …
  
• Three Affordable Housing Projects Open in Waterloo Region
  KITCHENER, Ontario, May 22, 2008 — Three new affordable housing projects in Waterloo Region, which will create a total of 166 affordable housing units under the Canada – Ontario Affordable Housing Program, were officially opened today by the Government of Canada, the Government of Ontario, and the Region of Waterloo. Gary Goodyear, Member of Parliament for Cambridge, on behalf of …
  
• MorWEB powers RBL Capital
  OAKVILLE, Ontario, May 27, 2008 — The promise of the paperless office has long been sought after, yet few have actually achieved it. But for today's mortgage broker, this vision can be easily accomplished through the appropriate use of technology. For RBL Capital, the solution that makes this possible is Marlborough Stirling Canada's MorWEB. RBL Capital is a mortgage brokerage and …
  
• 10 Infill Housing Units in Winnipeg’s Centennial Neighbourhood
  WINNEPEG, Manitoba, May 30, 2008 — A new infill housing project in Winnipeg’s Centennial neighbourhood will provide new homes for 10 families. The project received over $730,000 in funding from the Winnipeg Housing and Homelessness Initiative (WHHI). WHHI is a partnership between the Government of Canada, the Province of Manitoba and the City of Winnipeg. Flor Marcelino, …
  
• Minister Solberg Announces Renewal of Initiative to Promote Housing ...
  OTTAWA, Ontario, May 30, 2008 — Grants of up to $5,000 will be awarded to local housing teams that increase housing affordability and choice under the renewal of the Affordability and Choice Today (ACT) initiative, the Honourable Monte Solberg, Minister of Human Resources and Social Development and Minister responsible for Canada Mortgage and Housing Corporation (CMHC) announced today. …