Canadian Mortgage News

February 2000 National Archive

Mortgage News & Press Releases - February 2000

• Bank Rate Raised by 1/4 Percentage Point to 5 1/4 Per Cent
  OTTAWA, Ontario, 3 February, 2000 — The Bank of Canada raised its Bank Rate today by ¼ of one percentage point to 5¼ per cent. The operating band for the overnight rate was correspondingly increased, and the Bank's target for the overnight rate is now 5 per cent. This increase in interest rates by the Bank, which follows the decision yesterday by the U.S. Federal Reserve …
  
• Home 2000 Designed for West Coast Living
  VANCOUVER, British Columbia, February 22, 2000 — As soon as you walk through the doorway, you realize Home 2000 is very special place to call home. Home 2000 incorporates the latest in housing research from Canada Mortgage and Housing Corporation (CMHC), Canada's housing experts. It was designed and constructed using off-the-shelf building products and materials to create an affordable, …