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June 2001 National Archive

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Mortgage News & Press Releases - June 2001

  • Inaugural Issue of AAA Rated Canada Mortgage Bonds to Exceed $1.5 Billion
    OTTAWA, Ontario, June 4, 2001 — The June 2001 inaugural issue of Canada Mortgage Bonds (CMB) will exceed $1.5 Billion Canadian dollars and is expected to trade at a modest yield premium to Government of Canada bond issues. Announced in March of this year, the CMB Program is Canada Mortgage and Housing Corporation’s newest housing finance initiative aimed at providing the mortgage …
  • Housing Starts Down in May
    OTTAWA, Ontario, June 8, 2001 — The seasonally adjusted annual rate* of housing starts in Canada fell 4.3 per cent in May to 155,000 units compared with 162,000 units in April, according to Canada Mortgage and Housing Corporation (CMHC). Urban multiple starts were down 4.4 per cent to an annual rate of 62,600 units compared with 65,500 in April. The Atlantic and Prairie regions were …
  • $2.2 Billion Inaugural Issue of Canada Mortgage Bonds Exceeds Expectations
    OTTAWA, Ontario, June 15, 2001 — Canada Mortgage and Housing Corporation announced today the successful inaugural launch of the Canada Mortgage Bonds (CMB) Program. "We are thrilled with the response of the financial markets to the CMB Program," said CMHC vice president Karen Kinsley. "The initial issue has reached $2.2 billion exceeding our initial expectations of $1.5 …
  • Minister Gagliano Urges Quebec Government to Aid Victims of Pyrite-Damaged Homes
    OTTAWA, Ontario, June 15, 2001 — The Honourable Alfonso Gagliano, Minister responsible for Canada Mortgage and Housing Corporation, today called on the Government of Quebec to accept the Government of Canada's offer in order to provide immediate aid to property owners affected by the pyrite problem. The Government of Canada is prepared to provide financial assistance of up to $17.5 …
  • Bank of Canada Governor says Canada's monetary policy approach works
    EDMONTON, Alberta, June 26, 2001 — In a speech to the Edmonton Chamber of Commerce, Governor David Dodge today discussed the issue of the appropriate exchange rate regime for Canada. The Governor stressed that the real value of a floating currency for Canada is that it helps absorb some of the impact of external shocks that affect Canada differently than the United States because of …
  • Your Biggest Financial Decision...Made Easy!
    TORONTO, June 26, 2001 /CNW/ — Do you dream about finding the perfect mortgage? Probably not, but chances are, at least once in your life you'll need to go mortgage shopping. It's an extremely important, but often anxiety-ridden experience for most Canadians. But help is on the way! Yahoo! Canada today launched Yahoo! Canada Mortgage Centre, a free online resource for Canadians that …
  • Gagliano Announces Three Appointments to CMHC Board
    OTTAWA, Ontario, June 27, 2001 — Three new appointments to Canada Mortgage and Housing Corporation's (CMHC) Board of Directors were announced today by the Honourable Alfonso Gagliano, Minister responsible for CMHC. Michel Bérubé of Charlesbourg, Quebec, Dino Chiesa of North York, Ontario and Hugh Heron of Toronto, Ontario have been appointed to three-year terms on CMHC's …

 

 
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