Canadian Mortgage News

September 2008 National Archive

Mortgage News & Press Releases - September 2008

• Bank of Canada keeps overnight rate target at 3 per cent
  OTTAWA, Ontario, September 03, 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.The three global developments highlighted in the July Monetary Policy Report Update continue to have a major influence on the Canadian economy. …
  
• Assisted Living Units Open for Golden Seniors
  GOLDEN, British Columbia, September 04, 2008 — Federal, provincial and community partners gathered today for the official opening of Golden Community Resources Society’s Mountain View, a $3-million assisted living development for seniors in Golden.
  
• New Affordable Housing Project Celebrates Construction in the County of Simcoe
  LAFONTAINE, Ontario, September 05, 2008 — The Government of Canada, the Government of Ontario, and the County of Simcoe today announced the start of construction of a new affordable housing project, which will create 24 affordable housing units under the Canada – Ontario Affordable Housing Program.
  
• Construction Begins on Affordable Housing Project in Komoka
  KOMOKA, Ontario, September 05, 2008 — The Government of Canada, the Government of Ontario, the County of Middlesex and the Township of Middlesex Centre are pleased to announce the start of construction of the Komoka Seniors’ Apartments Complex, an affordable housing development. The project will be located at 109 Hamilton Street in Komoka and will provide 20 new rental units for …
  
• New Housing Project for Low-Income Saskatoon Seniors
  SASKATOON, Saskatchewan, September 05, 2008 — Low-income seniors in Saskatoon have access to new affordable rental housing with the opening today of Columbian Manor, thanks to federal, provincial and municipal funding totaling $3.5 million.
  
• Official Opening of Avalon Discovery 3 EQuilibrium™ Demonstration House in Red Deer, Alberta
  RED DEER, Alberta, September 05, 2008 — Today, the Government of Canada announced that the first energy-efficient and environmentally responsible house in Alberta, that was funded through the EQuilibrium™ Sustainable Housing Demonstration Initiative, the Avalon Discovery 3 House, will officially open on September 9, 2008.
  
• Official Opening of Riverdale NetZero EQuilibrium™ Demonstration House in Edmonton, Alberta
  EDMONTON, Alberta, September 05, 2008 — Today, Peter Goldring, Member of Parliament for Edmonton East, on behalf of the Honourable Monte Solberg, Minister of Human Resources and Social Development, and Minister responsible for CMHC announced that the Riverdale NetZero Project will officially open in October 2008. This energy-efficient and environmentally responsible house will be the …
  
• Housing Starts Up in August
  OTTAWA, Ontario, September 09, 2008 — The seasonally adjusted annual rate1 of housing starts was 211,000 units in August, up from 186,500 units in July, according to Canada Mortgage and Housing Corporation (CMHC).
  
• Bennett Jones Welcomes David Dodge as Senior Advisor
  TORONTO, Ontario, September 12, 2008 — Bennett Jones LLP, one of Canada's leading business law firms today welcomed David Dodge, former Governor of the Bank of Canada (February 1, 2001 to January 31, 2008) to the firm as Senior Advisor.
  
• Bank of Canada issues statement on recent market developments
  OTTAWA, Ontario, September 15, 2008 — The Bank of Canada is closely monitoring global market developments. The Bank welcomes the initiatives of the Federal Reserve System to provide support to U.S. financial markets.
  
• Governor Carney Discusses Impact of Recent International Developments
  MONTRÉAL, Quebec, September 25, 2008 — The world is grappling with dramatic events that have seized up markets, sparked a massive flight to quality and caused some great names in the world of finance to succumb, Bank of Canada Governor Mark Carney said today. But, he argues, the turmoil may be cathartic in restructuring markets, prompting decisive policy responses and speeding the …