Canadian Mortgage News

December 2001 National Archive

Mortgage News & Press Releases - December 2001

• Housing Starts Slip in November
  OTTAWA, Ontario, December 10, 2001 — The seasonally adjusted annual rate* of housing starts in Canada decreased 2.6 per cent in November to 168,900 units from 173,400 units in October, according to Canada Mortgage and Housing Corporation (CMHC). Urban singles slipped 0.7 per cent to an annual rate of 84,100 units from 84,700 in October while urban multiple starts declined 5.8 per cent …
  
• Canada and British Columbia Sign Affordable Housing Agreement
  VICTORIA, British Columbia, December 18, 2001 — The Governments of Canada and British Columbia today announced the signing of an Affordable Housing Agreement which will provide $177.4 million over the next five years to help increase the supply of affordable housing in the province. Federal funding of $88.7 million, matched by a provincial contribution of at least an equal value …
  
• Alberta will Lead all Provinces in Mortgage Credit Growth
  OTTAWA, Ontario, December 21, 2001 — Alberta will lead all provinces in mortgage credit growth with a 3.3 per cent increase in 2002, reports the latest issue of Canada Mortgage and Housing Corporation's (CMHC), Mortgage Market Trends . "Low mortgage rates, moderate house price appreciation and sustained home sales and housing starts will support further mortgage credit outstanding in …
  
• Canada and Quebec Sign Affordable Housing Agreement
  MONTRÉAL, Québec, December 21, 2001 — The Minister responsible for Canada Mortgage and Housing Corporation (CMHC) the Honourable Alfonso Gagliano, and the Minister of State for Municipal Affairs and Greater Montréal and Minister responsible for Société d'habitation du Québec (SHQ), Louise Harel, announced today, in Montréal, the signing of …