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March 2003 National Archive

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Mortgage News & Press Releases - March 2003

  • Bank of Canada raises overnight rate target by 1/4 percentage point to 3 per ...
    OTTAWA, Ontario, 4 March 2003 — The Bank of Canada today announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 3 per cent. The operating band for the overnight rate is correspondingly increased, and the Bank Rate is now 3 1/4 per cent. Consumer price data since the Bank's last interest rate announcement on 21 January indicate that both …
  • Housing Starts Up 34.5 Per Cent in February
    OTTAWA, Ontario, March 10, 2003 — The seasonally adjusted annual rate 1 of housing starts in Canada in February was 246,400 units which is 34.5 per cent higher than the January 2003 revised 2 rate of 183,200 units. "In February, the housing market continued to show a high level of activity", said David Weingarden, Senior Economist at Canada Mortgage and Housing Corporation's (CMHC) …
  • Minister Collenette Announces CMHC's Housing Affordability Grant Recipients
    OTTAWA, Ontario, March 11, 2003 — The Honourable David Collenette, Minister of Transport and Minister responsible for Canada Mortgage and Housing Corporation (CMHC), announced today 10 grants, totalling $110,000 and worth up to $20,000 each, have been awarded under CMHC's Affordability and Choice Today (ACT) Program. "ACT program grants enable municipalities and the private and …
  • CMHC Develops Online Guide to Renting a Home
    OTTAWA, Ontario, March 12, 2003 — A new comprehensive rental guide, developed by Canada Mortgage and Housing Corporation (CMHC), will help the estimated four million Canadian households in rental accommodation as well as landlords and property managers find plain language information on tenant and landlord rights and responsibilities and rental practices across the country. Aimed at …
  • Minister Collenette Announces CMHC Housing Research Grants
    OTTAWA, Ontario, March 13, 2003 — The Honourable David Collenette, Minister of Transport and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC), announced today 21 Canadian researchers, will be awarded up to $25,000 each under CMHC's, External Research Program (ERP). "The number of applications received for the ERP was the highest in a decade", said Minister …
  • Financing recreational properties easier with Mortgage Intelligence’s i ...
    Mississauga, Ontario (March 28, 2003) – Mortgage Intelligence Inc., Canada’s largest mortgage broker, is eliminating some of the financial obstacles to second home ownership with the i relax mortgage. The i relax mortgage product is the first of its kind in Canada. It offers rates and features that are currently unmatched in the industry on owner-occupied recreational properties, …
  • New Report Released on the State of Canada's Housing
    OTTAWA, Ontario, March 31, 2003 — Canada Mortgage and Housing Corporation (CMHC) today released a new flagship publication, the 2003 Canadian Housing Observer, which provides a comprehensive overview of Canadian housing conditions and trends and the key factors behind them. Illustrated with extensive charts, the Observer combines a broad range of housing information and statistics into …


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