Canadian Mortgage News

August 2002 National Archive

Mortgage News & Press Releases - August 2002

• Housing Starts Still Near 200,000 Mark in July
  OTTAWA, Ontario, August 9, 2002 — The seasonally adjusted annual rate 1 of housing starts in Canada slipped 0.2% in July to 200,300 units from a revised 2 200,800 units in June, according to Canada Mortgage and Housing Corporation (CMHC). Urban multiple starts rose 4.6% to an annual rate of 77,300 units from 73,900, while urban singles declined 4.6% to an annual rate of 97,800 units …
  
• Thousands gather to celebrate at Habitat Site
  OTTAWA, Ontario, August 16, 2002 — An estimated 2,000 volunteers witnessed eight families accepting keys and taking possession of their new homes today with best wishes from Habitat for Humanity volunteers who worked side-by-side with them over the past six days to build their homes. Today's dedication ceremony, attended by the families and their volunteer friends, celebrated the …
  
• Strong Year Forecast For Housing In 2002
  OTTAWA, Ontario, August 19, 2002 — Housing starts in Canada are expected to reach a 13 year high of 182,200 units this year, according to Canada Mortgage and Housing Corporation's (CMHC) second quarter CMHC Housing Outlook, National Edition report. "This year's increase in housing starts, is primarily due to very strong job growth," said Michel Laurence, Chief Economist at CMHC. …
  
• Bank of Canada releases 2003 schedule of dates for policy interest rate ...
  OTTAWA, Ontario, August 29, 2002 —The Bank of Canada today released its 2003 schedule of eight dates for announcing decisions on its key policy interest rate and, at the same time, confirmed the announcement dates for the remainder of this year. The schedule of announcement dates from September 2002 through December 2003 is: