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December 2002 National Archive

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Mortgage News & Press Releases - December 2002

  • Bank of Canada keeps target for the overnight rate at 2 3/4 per cent
    OTTAWA, Ontario, December 3, 2002 — The Bank of Canada today announced that it is maintaining its target for the overnight rate at 2 3/4 per cent. The operating band for the overnight rate is unchanged, and the Bank Rate remains at 3 per cent. Core and total CPI inflation have remained above the Bank's 2 per cent target for inflation control, largely as a result of one-off price …
  • Official Opening Of Women's Shelter In Barrie
    BARRIE, Ontario, December 5, 2002 — The Elizabeth Fry Society of Simcoe County celebrated the official opening of Joyce Kope House, its new supportive housing facility today. The opening and expansion of the women's residential facility was made possible as a result of a partnership involving the Government of Canada and other community partners. The Government of Canada is …
  • Canada and Ontario Announce First Phase of Affordable Housing Program
    WATERLOO, Ontario, December 6, 2002 — The Government of Canada and the Government of Ontario today announced the allocation of 3,200 units for low to moderate income residents in 12 municipalities under the Community Rental Housing Program. The units were allocated to municipalities with the highest need for affordable housing under the first phase of the Canada/Ontario Affordable Housing …
  • New Multicultural Seniors Housing Opens in Surrey
    SURREY, British Columbia, December 6, 2002 — Low-income seniors in Surrey have more housing and better care options with the official opening today of Guru Nanak Niwas, a 54-unit supportive seniors development at 7566 - 120A Ave. Guru Nanak Niwas is funded by the provincial and federal governments, through the Canada-British Columbia Affordable Housing Program. "The Government of …
  • New Affordable Housing in Downtown South Area
    VANCOUVER, British Columbia, December 8, 2002 — A new 63 unit housing development which will provide affordable housing for low-income singles and people with mental illness was officially opened in the downtown south area of Vancouver today. Candela Place at 1267 Granville St. is managed by MCC Housing. It is funded by the provincial and federal governments, through the Canada-British …
  • Rate of Housing Starts Remains High in November
    OTTAWA, Ontario, December 9, 2002 — The seasonally adjusted annual rate 1 of housing starts in Canada declined 3% in November to 213,500 units from a revised 2 220,100 units in October, according to Canada Mortgage and Housing Corporation (CMHC). Urban multiple starts rose 1.4% to an annual rate of 85,000 units in November from 83,800 in October, while the rate for urban singles …
  • In Search of Creative Affordable Housing Proposals
    REGINA, Saskatchewan, December 12, 2002 — The first call for proposals under the intergovernmental Centenary Affordable Housing Program has been issued to more than 200 community-based organizations, private-sector construction companies and other potential project sponsors and interested parties across Saskatchewan. Successful proposals will offer affordable housing to neighbourhoods …
  • Laurier Manor gives Seniors Independence and Support
    PRINCE GEORGE, British Columbia, December 12, 2002 — Seniors with low- to moderate-incomes in Prince George have more housing and care options with today's opening of Laurier Manor, a 32-unit supportive seniors development at 2175 9th Ave. This project combines the contributions of the federal and provincial governments, through the Canada-British Columbia Affordable Housing Program. …
  • Official Opening of Women's Shelter in Halton
    MILTON, Ontario, December 12, 2002 — Halton Women's Place celebrated the official opening and relocation of its North Shelter, today in Milton. The new 20-bedroom crisis facility is for women and children who are victims of family violence and is funded by a partnership involving all levels of government, community organizations and business. . The Government of Canada is contributing …
  • New Affordable Housing Benefits People with Mental Illness
    VICTORIA, British Columbia, December 19, 2002 — People with mental illness in Victoria have more housing options with the opening of Medewiwin Apartments at 360 Gorge Rd. East. The project combines contributions from the federal and provincial governments, through the Canada-British Columbia Affordable Housing Program. "The Government of Canada is working closely with the provincial …


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