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March 2002 National Archive

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Mortgage News & Press Releases - March 2002

  • Bank of Canada keeps target for the overnight rate at 2 per cent
    OTTAWA, Ontario, March 5, 2002 — The Bank of Canada today announced that it is maintaining its target for the overnight rate at 2 per cent. The operating band for the overnight rate is unchanged, and the Bank Rate remains at 2 1/4 per cent. Information received since the Bank's last interest rate announcement on 15 January indicates that the overall pace of economic activity in Canada …
  • Quebec Launches Affordable Housing Program
    MONTRÉAL, Quebec, March 5, 2002 — Today, Mr. André Boisclair, the Minister d'État aux Affaires municipales et à la Métropole, à l'Environnement et à l'Eau, and the Honourable John Manley, Deputy Prime Minister of Canada, Minister of Infrastructure and Crown Corporations, officially launched the "Affordable Housing Quebec" program. This …
  • Housing Starts Decline 12.3 Per Cent in February
    OTTAWA, Ontario, March 8, 2002 — The seasonally adjusted annual rate* of housing starts in Canada declined 12.3 per cent in February to 179,800 units from 205,100 units in January, according to Canada Mortgage and Housing Corporation (CMHC). Urban singles were up 11.6 per cent to an annual rate of 99,700 units from 89,300 in January while urban multiple starts fell 37.3 per cent to an …
  • Bank of Canada Governor Reviews Canadian Monetary Policy Choices
    PARIS, France, March 12, 2002 — In his first major speech outside North America, Bank of Canada Governor David Dodge today reviewed some of the crucial choices that Canada has made in establishing its monetary policy framework. In remarks at an event jointly sponsored by la Chambre de Commerce France-Canada and Les Canadiens en Europe, Mr. Dodge described Canada's monetary policy …
  • Housing Activity Will Slow in 2002 But Pick Up in 2003
    OTTAWA, Ontario, March 12, 2002 — Housing starts in Canada are expected to reach 156,100 units this year and 159,200 in 2003, compared with 162,733 in 2001, according to Canada Mortgage and Housing Corporation's (CMHC) first quarter CMHC Housing Outlook, National Edition report. "2002's small decline in housing starts, will be tied to weak job growth in 2001 and this year," said …
  • Arctic Winter Games Athletes to be Housed in Upgraded Residence
    CALGARY, Alberta, March 13, 2002 — "Canada Mortgage and Housing Corporation (CMHC) is proud to be the official housing sponsor of the athlete's village at the 17th Arctic Winter Games," Elizabeth Huculak, General Manager, Prairie, Nunavut and Northwest Territories for CMHC announced today. "The Arctic Winter Games is a wonderful forum for sport and camaraderie for youth of the …
  • New Facility for Aboriginal Women’s Shelter in Winnipeg
    WINNIPEG, Manitoba, March 28, 2002 — Ikwe-Widdjiitiwin Inc. (Ikwe), an Aboriginal women's shelter for victims of family violence, held a ceremony for its new facility which will open in Winnipeg in the coming weeks. Participating at the event were the Honourable John Manley, Deputy Prime Minister and Minister of Infrastructure and Crown Corporations; Tim Sale, Manitoba Minister of …


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