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September 2002 National Archive

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Mortgage News & Press Releases - September 2002

  • Bank of Canada keeps target for the overnight rate at 2 3/4 per cent
    OTTAWA, Ontario, September 4, 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. Consistent with the Bank's economic outlook in the July Monetary Policy Report Update, the Canadian economy continued its strong performance in …
  • Housing Starts Up in August
    OTTAWA, Ontario, September 10, 2002 — The seasonally adjusted annual rate 1 of housing starts in Canada increased 5.9% in August to 213,000 units from a revised 2 201,100 units in July, according to Canada Mortgage and Housing Corporation (CMHC). Urban multiple starts rose 10.3% to an annual rate of 85,300 units from 77,300, while urban singles rose 4.0% to an annual rate of 102,500 …
  • Canada and Nova Scotia Sign $37.26 Million Affordable Housing Agreement
    HALIFAX, Nova Scotia, September 13, 2002 — David Collenette, Minister of Transport and Minister responsible for Canada Mortgage and Housing Corporation and Peter Christie, Minister of Community Services today announced a $37.26 million Affordable Housing Program Agreement. Up to 1,500 affordable housing units will be created or undergo renovation in Nova Scotia, over the next five years, …
  • Seniors Gain Independence Through Supportive Living
    BURNABY, British Columbia, September 13, 2002 — Seniors and people with disabilities will have more care options and independence with today's opening of Nikkei Home, a new supportive living facility. The 59-unit Nikkei Home complex is the Lower Mainland's first subsidized non-profit supportive living development. The project was developed by the provincial government, in partnership with …
  • Governor Credits Sound Economic Framework for Canada's Strong Performance
    VANCOUVER, British Columbia, September 18, 2002 — Canada's economy has shown remarkable strength over the past two years, despite a number of unfavourable developments that originated mainly from abroad, Bank of Canada Governor David Dodge said today in a speech at the University of British Columbia. The adoption of inflation targets, the restoration of fiscal health, and the …
  • Canada and Manitoba Sign $50.78 Million Affordable Housing Agreement
    WINNIPEG, Manitoba, September 20, 2002 — David Collenette, Minister of Transport and Minister responsible for Canada Mortgage and Housing Corporation, Tim Sale, Manitoba Minister of Family Services and Housing, along with the Honourable Dr. Rey Pagtakhan, Senior Federal Minister for Manitoba and Eric Robinson, Manitoba Minister of Aboriginal and Northern Affairs, today announced the …
  • Affordable Seniors' Housing in Yorkton
    YORKTON, Saskatchewan, September 26, 2002 — There will be more affordable housing for seniors in Yorkton, thanks to an innovative funding arrangement involving intergovernmental Centenary Affordable Housing Program and seniors themselves. Fairview Arms, a $5 million, 50-unit seniors' project on 5th Avenue South, Yorkton was officially opened …
  • Family Housing Opens in Vernon
    VERNON, British Columbia, September 30, 2002 — Kikanee Estates, a 40-unit affordable housing development for families and people with disabilities, opened in Vernon today. This project combines the contribution of the federal and provincial governments, through the Canada BC Affordable Housing Program. Okanagan-Vernon MLA Tom Christensen; Lorraine Verokosky, manager of special projects …


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