Canadian Mortgage News

January 2002 National Archive

Mortgage News & Press Releases - January 2002

• Minister Gagliano Announces CMHC Housing Awards Program for 2002
  OTTAWA, Ontario, January 8, 2002 — "Affordable Housing Innovations", is the theme of the 2002 Canada Mortgage and Housing Corporation (CMHC) Housing Awards, announced today by the Honourable Alfonso Gagliano, Minister responsible for CMHC. "The 2002 CMHC Housing Awards will recognize innovations and best practices that have helped reduce the cost of housing in Canada," said Minister …
  
• Housing Starts Up Four Per Cent in December
  OTTAWA, Ontario, January 9, 2002 — The seasonally adjusted annual rate* of housing starts in Canada increased 4.0 per cent in December to 175,500 units from 168,800 units in November, according to Canada Mortgage and Housing Corporation (CMHC). Urban singles rose 2.0 per cent to an annual rate of 85,700 units from 84,000 in November while urban multiple starts climbed 7.9 per cent to …
  
• Bank of Canada lowers key policy interest rate by 1/4 percentage point to ...
  OTTAWA, Ontario, January 15, 2002 — The Bank of Canada today announced that it is lowering its target for the overnight rate by one-quarter of one percentage point to 2 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 2 1/4 per cent. In the November Monetary Policy Report, the Bank indicated that the timing and …
  
• Bank of Canada releases Monetary Policy Report Update
  OTTAWA, Ontario, January 23, 2002 — The Bank of Canada today released its Update to the November Monetary Policy Report, in which it discusses economic and financial trends in the context of Canada's inflation-control strategy. While robust growth is not yet underway, geopolitical developments have evolved positively, and consumer confidence has improved. Thus, the likelihood that …
  
• Bank of Canada Governor reviews key developments of last year
  WINNIPEG, Manitoba, January 28 2002 — In a speech to The Canadian Club of Winnipeg, Bank of Canada Governor David Dodge today looked back on some of the challenges during his first year in office. The Governor highlighted the global slowdown as the major economic challenge of the past year. But he said that there were also key changes within the Bank of Canada related to the …
  
• Bank of Canada Governor reviews success of inflation targets
  SASKATOON, Saskatchewan, January 29, 2002 — In a speech to the Saskatoon and District Chamber of Commerce, Bank of Canada Governor David Dodge said today that Canada's inflation-targeting system has led to many benefits for the Canadian economy. The Governor detailed those benefits, which were confirmed when the Bank and the Government of Canada renewed their inflation-control agreement …