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October 2002 National Archive

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Mortgage News & Press Releases - October 2002

  • Canada and Yukon Sign Affordable Housing Agreement
    WHITEHORSE, Yukon, October 3, 2002 — David Collenette, Minister of Transport and Minister responsible for Canada Mortgage and Housing Corporation together with Pam Buckway, Minister responsible for the Yukon Housing Corporation today announced a Canada-Yukon Affordable Housing Agreement. As a result, approximately 400 affordable housing units will be created or preserved in the Yukon, …
  • Governments Pool their Energies to Counter Homelessness
    MONTRÉAL, Québec, October 7, 2002 - Jacques Côté, Québec's Minister for Housing and Senator Céline Hervieux-Payette, have inaugurated a new community and social housing project set up by La rue des femmes/Herstreet, an organization working with homeless women. The project includes a 20-room building and a multi-service centre for homeless women. The …
  • Housing: Multiple Starts Lower In September
    OTTAWA, Ontario, October 8, 2002 — The seasonally adjusted annual rate 1 of housing starts in Canada decreased 6.6% in September to 200,600 units from a revised 2 214,800 units in August, according to Canada Mortgage and Housing Corporation (CMHC). Urban multiple starts declined 17.6% to an annual rate of 70,900 units in September from 86,000 in August, while urban singles rose 0.9% to …
  • Affordable Seniors' Housing in Regina
    REGINA, Saskatchewan, October 10, 2002 — There is more affordable housing for seniors in Regina, thanks to an innovative funding arrangement involving the intergovernmental Centenary Affordable Housing Program and seniors themselves. Benson Manor, a $5 million, 50-unit seniors' project was officially opened today. The Centenary Affordable Housing Program provided $2.75 million in …
  • Bank of Canada keeps target for the overnight rate at 2 3/4 per cent
    OTTAWA, Ontario, October 16, 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. The strong expansion of the Canadian economy is continuing, with domestic demand growth fuelled by the substantial monetary stimulus in the economy. …
  • York Region and CMHC Celebrate New Affordable Housing for Seniors in Newmarket
    NEWMARKET, Ontario, October 16, 2002 — David Collenette, Minister of Transport and Minister responsible for CMHC joined York Regional Chair and CEO Bill Fisch, Newmarket Mayor Tom Taylor and council members of York Region and the Town of Newmarket at a wall-breaking ceremony today to celebrate the beginning of work to create new affordable housing for seniors. Canada Mortgage and …
  • Governor Discusses Role of Productivity in Canada's Prosperity
    QUÉBEC CITY, Québec, October 17, 2002 — In a speech today to the Chambre de commerce de Québec, Bank of Canada Governor David Dodge encouraged Canadians to look past near-term concerns with a difficult global environment to the longer-term trends and potential of our economy. In this context, he focused on the critical role that higher productivity plays in supporting …
  • Affordable Rental Housing Dedicated Today in Toronto
    TORONTO, Ontario, October 17, 2002 — New Frontiers Aboriginal Residential Corporation hosted a dedication and ribbon-cutting ceremony today to celebrate the completion of a housing development in Toronto's east end. Amik, as the development is called, will provide 74 units of much-needed affordable housing for over 100 low-income seniors, singles, families and children. By Christmas, …
  • WHHI Funds Spence Neighbourhood Housing Improvement Projects
    WINNIPEG, Manitoba, October 18, 2002 — Residents and homeowners will soon benefit from the repair and revitalization of about 70 homes and housing units in the Spence neighbourhood with up to $536,000 from the Government of Canada, Province of Manitoba and the City of Winnipeg through the Winnipeg Housing and Homelessness Initiative (WHHI). Funding is being provided to the Spence …
  • Bank of Canada releases its October Monetary Policy Report
    OTTAWA, Ontario, October 23, 2002 Today, the Bank of Canada released its October Monetary Policy Report, in which it discusses economic and financial trends in the context of Canada's inflation-control strategy. The Canadian economy has been expanding strongly so far this year and is now operating fairly close to its full production capacity. Consumer price inflation has risen above the 2 …
  • Minister Collenette Announces Winners of Housing Awards Program
    OTTAWA, Ontario, October 23, 2002 — Six housing initiatives received awards from Canada Mortgage and Housing Corporation (CMHC) this evening at the CMHC Housing Awards Dinner, which took place at the Courtyard Marriott in downtown Toronto. "CMHC's Housing Awards recognize excellence, dedication, hard work and accomplishments. This recognition demonstrates to others innovative ways and …


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