Canadian Mortgage News

June 2009 National Archive

Mortgage News & Press Releases - June 2009

• Chapelview Celebrates a Milestone
  BRAMPTON, Ontario, June 01, 2009 — The Government of Canada, the Government of Ontario and the Region of Peel celebrated the structural completion of Chapelview, a new 16-storey housing development in downtown Brampton that will create 200 units of affordable housing for singles and seniors in Peel. The project received $5.8 million from the Canada – Ontario Affordable Housing …
  
• Government of Canada Launches New Sustainable Communities Initiative
  OTTAWA, Ontario, June 01, 2009 — Communities across Canada will benefit from better energy efficiency and improved environmental impact, thanks to a new initiative launched today by the Government of Canada. The new $4.2- million, EQuilibrium™ Communities Initiative will seek to improve community planning and develop healthy sustainable communities that are energy-efficient, …
  
• Bank of Canada maintains overnight rate target at 1/4 per cent and reiterates ...
  OTTAWA, Ontario, June 04, 2009 — The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/4 per cent. The Bank Rate is unchanged at 1/2 per cent and the deposit rate is 1/4 per cent. Information received since the Bank's April Monetary Policy Report (MPR) is broadly consistent with the Bank's medium-term outlook for output and inflation in …
  
• Construction Begins on Affordable Housing Project in St. Catharines
  ST. CATHARINES, Ontario, June 04, 2009 — The Government of Canada, the Government of Ontario, Niagara Region, the City of St. Catharines, and Niagara Regional Housing today celebrated the start of construction of a new apartment complex that will provide nine units of affordable housing in St. Catharines. The project received $630,000 in funding through the Canada – Ontario …
  
• Affordable Housing in Manitoba gets a $192-Million Boost
  WINNIPEG, Manitoba, June 05, 2009 — The Government of Canada and the province of Manitoba are partnering on a joint investment to build new and renovate existing affordable housing. This investment will help create jobs, strengthen the economy, and improve the quality of life for the residents of Manitoba. Both levels of government officially signed an amendment to the Canada – …
  
• Renovation Spending Across 10 Major Centres up by $1.6 Billion in 2008
  OTTAWA, Ontario, June 05, 2009 — An estimated 1.7 million households in 10 major Canadian centres surveyed indicated they completed renovations last year that cost an average of approximately $12,600, according to the Renovation and Home Purchase Survey released today by Canada Mortgage and Housing Corporation (CMHC). “Close to $21.3 billion was spent on …
  
• Canada’s Economic Action Plan Makes Housing a Priority
  ST ÉTIENNE DE LAUZON, Quebec, June 06, 2009 — Low-income Canadians, including seniors and persons with disabilities will be well served by funding to renovate and build new social housing across Canada, thanks to Canada’s Economic Action Plan, Jacques Gourde, Parliamentary Secretary to the Minister of Public Works and Government Services and to the Minister of National …
  
• Komoka Seniors’ Apartments Celebrates Official
  KOMOKA, Ontario, June 06, 2009 — TheGovernment of Canada, the Government of Ontario, and theMunicipality of Middlesex Centre in the County of Middlesex today
  
• Housing Starts Increase in May
  OTTAWA, Ontario, June 08, 2009 — The seasonally adjusted annual rate 1 of housing starts increased to 128,400 units in May from 117,600 units in April, according to Canada Mortgage and Housing Corporation (CMHC). “The increase in May is broadly based, encompassing both the singles and multiples segments,” said Bob Dugan, Chief Economist at CMHC’s Market Analysis …
  
• New Residence Opens for Naotkamegwanning First Nation Elders
  KENORA, Ontario, June 08, 2009 — Mr. Greg Rickford, Member of Parliament for Kenora, joined with Naotkamegwanning First Nation and Chief Warren White to celebrate the grand opening of a new 10-unit seniors residence today, which was officially opened by Chief Warren White and will be home to more than 30 elders. “The Government of Canada is committed to creating safe and …
  
• Saskatoon and North Battleford Approved for Infrastructure Loans
  WHISTLER, British Columbia, June 08, 2009 — Speaking to delegates at the annual conference of the Federation of Canadian Municipalities, the Honourable John Baird, Canada’s Minister of Transport and Infrastructure, on behalf of the Honourable Diane Finley, Minister of Human Resources and Skills Development Canada and Minister Responsible for Canada Mortgage and Housing Corporation …
  
• Affordable Housing in Ontario Gets a $1.2 Billion Boost
  TORONTO, Ontario, June 09, 2009 — The Government of Canada and the Province of Ontario are partneringon a joint investment to build new and renovate existing affordablehousing. This investment will help create jobs, strengthen the
  
• Canadian Home Purchasers Savvy and Optimistic
  OTTAWA, Ontario, June 09, 2009 — Canada Mortgage and Housing Corporation’s (CMHC) 2009Mortgage Consumer Survey results were released today, and indicatethat nearly 90 per cent of recent home purchasers across
  
• National Rental Vacancy Rate Edges Higher
  OTTAWA, Ontario, June 10, 2009 — The average rental apartment vacancy rate in Canada's 35 majorcentres 1 increased slightly to2.7 per cent in April 2009, from 2.6 per cent
  
• Path to Renewed Globalization Critical for New World Economic Order, Governor ...
  MONTREAL, Quebec, June 11, 2009 — Countries around the world must work toward a new global economythat is open, resilient, and responsible, Bank of Canada GovernorMark Carney said today, as he laid out an agenda for the renewal of
  
• National resale housing continues to rise in May
  OTTAWA, Ontario, June 15, 2009 — June 15th, 2009 – National resale housing market activityreturned to pre-recession levels in May 2009. The rebound inactivity is being led by an increase in transactions in some of the
  
• Financial System Stability is Key Determinant of Economy's Ability to Rebound ...
  REGINA, Saskatchewan, June 18, 2009 — Despite the often discussed "green shoots" in the global economy,much hard work remains to be done before a recovery will take hold,Bank of Canada Governor Mark Carney said today. "Saskatchewanians
  
• Habitat for Humanity Iqaluit Launches First Midnight Sun Build
  IQALUIT, Nunavut, June 20, 2009 — Today marked the launch of Habitat for Humanity Iqaluit’sfirst Midnight Sun Build to help address housing needs in theNorth. The build will take place on a lot near the intersection of
  
• Launch of National Seniors’ Housing Survey
  OTTAWA, Ontario, June 22, 2009 — Canada Mortgage and Housing Corporation (CMHC) launched its newNational Seniors’ Housing Survey today. The survey, conductedin all provinces, collected information on vacancy rates and rents
  
• Government of Canada Helps to Improve Housing Affordability and Choice
  OTTAWA, Ontario, June 23, 2009 — The Honourable Diane Finley, Minister of Human Resources and SkillsDevelopment Canada and Minister Responsible for Canada Mortgage andHousing Corporation (CMHC), today announced 17 new grants that will
  
• More and Better Affordable Homes in Downtown Winnipeg: Toews, Mackintosh ...
  WINNIPEG, Manitoba, June 25, 2009 — Hundreds of students, new Canadians, seniors and families are amongmore than 1,700 households that will benefit from new and improvedhousing in the downtown Winnipeg area.
  
• Canada - Alberta Agreement Boosts Affordable Housing Funding
  CALGARY, Alberta, June 25, 2009 — The Government of Canada and the Government of Alberta arepartnering on a joint investment to build new and renovate existingaffordable housing. This investment will help create jobs,
  
• Moncton VISION EQuilibrium™ Demonstration Home Starts Construction in ...
  MONCTON, Ontario, June 25, 2009 — The Government of Canada marked the start of construction of theMoncton VISION demonstration home, an energy-efficient andenvironmentally-friendly home to be built in Moncton, New