Canadian Mortgage News

April 2001 National Archive

Mortgage News & Press Releases - April 2001

• CMHC Can Help Make Home Ownership a Reality
  OTTAWA, Ontario, April 3, 2001 — Canada Mortgage and Housing Corporation (CMHC) has the information prospective Canadian consumers need to ensure they make informed decisions on their way to home ownership. April is one of the busiest times for prospective home owners in the market to buy or sell their homes and CMHC's information products are an ideal way to begin that home purchase …
  
• Housing Starts Down in March
  OTTAWA, Ontario, April 9, 2001 — The seasonally adjusted annual rate* of housing starts in Canada fell 1.5 per cent in March to 153,800 units compared with 156,100 in February, according to Canada Mortgage and Housing Corporation (CMHC). The annual urban single starts rate fell 5.5 per cent to 78,600 in March from 83,200 units the previous month. Urban multiple starts were up 4.3 per …
  
• Bank of Canada lowers Bank Rate by 1/4 per cent
  OTTAWA, Ontario, 17 April 2001 — The Bank of Canada today announced that it is lowering the Bank Rate by one-quarter of one percentage point to 5 per cent. The operating band for the overnight rate * is correspondingly lowered, and the Bank's target for the overnight rate is reduced to 4 3/4 per cent. Since late 2000, the pace of economic expansion in Canada has slowed to a rate below …
  
• Governor talks about the Bank of Canada's contribution to monetary and ...
  VANCOUVER, British Columbia, April 20, 2001 —In a speech today to The Vancouver Board of Trade, Governor David Dodge said that the Bank of Canada contributes to the economic well-being of Canadians by preserving confidence in the value of money and by promoting the safety and soundness of Canada's financial system. Mr. Dodge explained that the ultimate objective of a monetary policy …
  
• CMHC's Housing Affordability Grant Recipients Announced
  OTTAWA, Ontario, April 24, 2001 — Fourteen grants, worth up to $20,000 each, have been awarded under Canada Mortgage and Housing Corporation's (CMHC) Affordability and Choice Today (ACT) Program. In making the announcement today, the Honourable Alfonso Gagliano, Minister responsible for CMHC said, "through collaborative partnerships, these projects bring together municipalities and the …
  
• Canadian Exporters Helped by New Russian Building Codes
  OTTAWA, Ontario, April 26, 2001 — Canadian housing exporters could potentially reach a housing market of up to 400,000 units annually, thanks to Russia's recent approval of a new building code for single family housing, the first of three new housing codes. "This is a significant step for Canadian housing technology and expertise," said Claude Poirier-Defoy, Canada Mortgage and Housing …