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November 2001 National Archive

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Mortgage News & Press Releases - November 2001

  • University of Winnipeg Opens Second Phase of Student Housing
    WINNIPEG, Manitoba, November 2, 2001 — University of Winnipeg students now have more safe, affordable housing choices with today's opening of four newly renovated residences for 32 students in the Spence neighbourhood. The project was made possible with up to $432,000 in funding assistance from the Winnipeg Housing and Homelessness Initiative (WHHI). Participating in the opening …
  • Bank of Canada releases semi-annual Monetary Policy Report
    OTTAWA, Ontario, November 7, 2001 — The Bank of Canada today released its semi-annual Monetary Policy Report in which it discusses economic and financial trends in the context of Canada's inflation-control strategy. During the past summer, evidence began to accumulate that the economic slowdown in North America would be deeper and longer-lasting than anticipated. The terrorist attacks …
  • 2002 Housing Market to Weather Economic Slowdown
    OTTAWA, Ontario, November 7, 2001 — Housing starts in Canada are expected to reach 160,100 units this year and 155,800 in 2002, compared with 151,653 in 2000, according to Canada Mortgage and Housing Corporation's (CMHC) fourth quarter CMHC Housing Outlook report. Despite the North American economic slowdown, the Canadian housing market is expected to achieve levels of starts only …
  • Housing Starts Up more than 12 Per Cent in October
    OTTAWA, Ontario, November 8, 2001 — The seasonally adjusted annual rate* of housing starts in Canada increased 12.7 per cent in October to 173,500 units compared with 154,000 units in September, according to Canada Mortgage and Housing Corporation (CMHC). Urban singles rose 7.2 per cent to an annual rate of 84,800 units from 79,100 in September, the highest annual rate for single …
  • Consumer Mortgage Trends Highlighted in 2001 CIMBL/CMHC Survey
    TORONTO, Ontario November 19, 2001 — The third annual survey aimed at understanding the needs, purchasing habits and expectations of today's mortgage consumers has just been completed by the Canadian Institute of Mortgage Brokers and Lenders (CIMBL). The survey is sponsored and managed on behalf of CIMBL by Canada Mortgage and Housing Corporation (CMHC). Karen Kinsley, CMHC's Vice …
  • Almost 470,000 Households Intend to Buy a Home in 2002 and 1,600,000 Owners ...
    OTTAWA, Ontario, November 20, 2001 — Almost 470,000 households, an average 11 per cent of all households in Halifax, Montréal, Toronto, Edmonton and Vancouver, are in the market to buy a home over the next 12 months, according to the Consumers Intentions to Buy or Renovate a Home report from Canada Mortgage and Housing Corporation (CMHC). "More than 20,700 households in the five …
  • Average Rental Vacancy Rate Declines to 1.1 Per Cent
    OTTAWA, Ontario, November 26, 2001 — The average rental vacancy rate in Canada's metropolitan centres fell from 1.6 per cent in October 2000 to 1.1 per cent in October this year, according to the Rental Market Survey released by Canada Mortgage and Housing Corporation (CMHC) today. This is the lowest rate since the survey first included structures of three units and over in 1987. …
  • Bank of Canada lowers key policy interest rate by 1/2 percentage point to 2 ...
    OTTAWA, Ontario, November 27, 2001 — The Bank of Canada today announced that it is lowering its target for the overnight rate* by one-half of one percentage point to 2 1/4 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 2 1/2 per cent. Recent economic developments in Canada have been broadly consistent with expectations at the …
  • Ministers Reach Agreement on Affordable Housing
    QUEBEC CITY, Québec, - November 30, 2001 - Federal, Provincial and Territorial Ministers responsible for housing met in Quebec City today and agreed on a framework to increase the supply of affordable housing across Canada. With this agreement, the Government of Canada will negotiate individual provincial and territorial agreements to create more affordable housing throughout the country …


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