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November 2002 National Archive

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Mortgage News & Press Releases - November 2002

  • Rate of Housing Starts Up 10.4% in October
    OTTAWA, Ontario, November 8, 2002 — The seasonally adjusted annual rate 1 of housing starts in Canada increased 10.4% in October to 220,400 units from a revised 2 199,700 units in September, according to Canada Mortgage and Housing Corporation (CMHC). Urban multiple starts rose 21.4% to an annual rate of 84,100 units in October from 69,300 in September, while urban singles rose 6.9% to …
  • Governor Explains How the Bank of Canada Promotes Canada's Economic and ...
    CALGARY, Alberta, November 18, 2002 — In a speech to the Calgary Chamber of Commerce, Bank of Canada Governor David Dodge today outlined some of the ways in which the central bank contributes to Canada's economic and financial welfare. The Governor also talked about the efforts currently underway to restore investor confidence in the wake of recent corporate governance and accounting …
  • Invis to Provide Creditor Insurance Program from Great-West Life
    TORONTO, November 22, 2002 — Invis Inc. ("Invis") and Great-West Life Assurance Company (Great-West Life) today announced that they have signed a definitive agreement whereby Invis will offer Great-West Life's creditor life, disability and critical illness insurance products through its national mortgage consultant field sales force. Under the agreement, the Invis-Great-West Life …
  • Consumer Mortgage Trends Highlight "CIMBL Survey Sponsored and Managed by CMHC"
    TORONTO, Ontario, November 25, 2002 — The fourth annual survey on understanding shopping behaviour and attitudes of Canadian mortgage consumers has just been completed by the Canadian Institute of Mortgage Brokers and Lenders (CIMBL). The survey is sponsored and managed for CIMBL by Canada Mortgage and Housing Corporation (CMHC). Karen Kinsley, CMHC's Vice President, Insurance and …
  • Average Rental Vacancy Rates Rise to 1.7 Per Cent
    OTTAWA, Ontario, November 26, 2002 — The average rental apartment vacancy rate in Canada's 28 metropolitan areas 1 rose to 1.7% in October this year from 1.1% in October 2001, according to the Rental Market Survey released by Canada Mortgage and Housing Corporation (CMHC) today. This is the first increase in the vacancy rate since 1992. "Many factors contributed to the increased …


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