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August 2003 National Archive

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Mortgage News & Press Releases - August 2003

  • New Home Market Remained Strong in July
    OTTAWA, Ontario, August 11, 2003 — New home construction rose in July with the seasonally adjusted annual rate 1 of housing starts increasing to 223,500, from a revised 2 205,900 in June, reports Canada Mortgage and Housing Corporation (CMHC). "Low mortgage rates and job creation continue to buoy consumer confidence and are the main catalysts driving new home construction higher" said …
  • Canada and Prince Edward Island Announce First Project Under Affordable ...
    CHARLOTTETOWN, Prince Edward Island, August 12, 2003 — The Honourable Steven Mahoney, Secretary of State responsible for Canada Mortgage and Housing Corporation, and the Honourable Jamie Ballem, Prince Edward Island Minister of Health and Social Services announced today that the first project to receive funding under the Canada-Prince Edward Island Affordable Housing Agreement would be …
  • Home Starts Expected to be Second Strongest in 14 Years, Renovation Spending ...
    OTTAWA, Ontario, August 13, 2003 — Housing starts are expected to reach 203,200 units this year, the second highest housing starts level in 14 years and renovation spending will rise to $32.1 billion, according to Canada Mortgage and Housing Corporation's (CMHC) third quarter CMHC Housing Outlook, National Edition report. "Another solid year for home construction is expected for 2003 …


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