Canadian Mortgage News

August 2001 National Archive

Mortgage News & Press Releases - August 2001

• Bank of Canada releases Monetary Policy Report Update
  OTTAWA, Ontario, August 1, 2001 — The Bank of Canada today released its Update to the May Monetary Policy Report, in which it discusses economic and financial trends in the context of Canada's inflation-control strategy. The Bank's outlook for economic activity and inflation has not fundamentally changed from that presented in the May Report . After increasing modestly in the first …
  
• Starts Fall in July
  OTTAWA, Ontario, August 9, 2001 — The seasonally adjusted annual rate* of housing starts in Canada decreased by 13.4 per cent in July to 151,800 units compared with 175,300 units in June, according to Canada Mortgage and Housing Corporation (CMHC). Urban single starts fell by 4.1 per cent to an annual rate of 72,900 from 76,000 units in June. Urban multiple starts declined by 27.7 per …
  
• Housing Starts Up This Year and Strong in 2002, Renovation Spending Continues ...
  OTTAWA, Ontario, August 14, 2001 — Housing starts in Canada are expected to reach 158,000 units this year and 156,600 in 2002, compared to 151,653 in 2000, according to Canada Mortgage and Housing Corporation's (CMHC) third quarter CMHC Housing Outlook report. "Despite the cooling of the North American economy, residential construction will benefit from favourable mortgage rates, job …
  
• FiLogix Creates Link to emili®
  August 15, 2001 — FiLogix Inc. announced today that it has enhanced its ECNI broker interface to create improved efficiencies, including a new link to emili ®, Canada Mortgage and Housing Corporation's (CMHC) online risk assessment and processing platform. The link to emili ® is through ECNI and the LSS broker interface, which has been linked to emili ® since 1998. The link …