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April 2004 National Archive

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Mortgage News & Press Releases - April 2004

  • 369 New Assisted Living Units for Lower Mainland Seniors
    BURNABY, British Columbia, April 7, 2004 — Seniors will benefit from 369 new non-profit and private assisted living units allocated under the Independent Living BC (ILBC) program. These new apartments will give seniors better access to affordable housing and personal care services in six Lower Mainland cities. The units announced today, combined with the 1,269 units already awarded, …
  • Starts Continue Rebound in March
    OTTAWA, Ontario, April 8, 2004 — The seasonally adjusted annual rate 1 of housing starts was 247,000 in March, compared with 216,200 in February, according to Canada Mortgage and Housing Corporation (CMHC). "The rebound in starts that began in February continued in March", said Bob Dugan, Chief Economist at CMHC's Market Analysis Centre. "The pace of new home construction accelerated, …
  • Bank of Canada lowers target for the overnight rate by 1/4 percentage point to ...
    OTTAWA, Ontario, 13 April 2004 — The Bank of Canada today announced that it is lowering its target for the overnight rate by one-quarter of one percentage point to 2 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 2 1/4 per cent. The Canadian economy continues to adjust to developments in the global economy. These include stronger …
  • Bank of Canada releases Monetary Policy Report
    OTTAWA, Ontario, 15 April 2004 — The Bank of Canada today released its April Monetary Policy Report, which reviews economic and financial trends in the context of Canada's inflation-control strategy. The Canadian economy continues to adjust to developments in the global economy, such as stronger world demand, higher commodity prices, and the realignment of world currencies, including …
  • sustainable community Development to Help Improve Housing for Aboriginals ...
    VANCOUVER, British Columbia, April 16, 2004 — The Seabird Island First Nation today celebrated the official opening of the Seabird Island First Nation Sustainable Community Development Project in Agassiz. This unique development, a partnership between the Government of Canada, through Canada Mortgage and Housing Corporation (CMHC), Indian and Northern Affairs Canada (INAC) and the Seabird …
  • Groundbreaking for Varency Home
    JARVIS, Ontario, April 17, 2004 — Varency Home, a 10-bed residence for youth at-risk, celebrated the start of construction with an official groundbreaking ceremony today. The project, sponsored by St. Leonard's Community Services, was made possible thanks to $550,000 in funding through Canada Mortgage and Housing Corporation's (CMHC) Shelter Enhancement Program (SEP). "Varency Home will …
  • CMHC Housing Research Grants Announced
    OTTAWA, Ontario, April 21, 2004 — Nineteen Canadian researchers will be awarded up to $25,000 each under Canada Mortgage and Housing's (CMHC's) External Research Program (ERP), Andy Scott, Minister of State (Infrastructure) and Minister responsible for Canada Mortgage and Housing Corporation (CMHC) announced today. "The number of applications received for the ERP was the highest in a …
  • 20 New Social and Community Housing Units in Saint-Polycarpe in the ...
    SAINT-POLYCARPE, Québec, April 23, 2004 — M.P. for Vaudreuil-Soulanges, Nick Discepola, and M.N.A. for Soulanges, Lucie Charlebois, on behalf of the Minister of Municipal Affairs, Sports and Recreation, Jean-Marc Fournier, proceeded with the official opening of the Résidence de la Seigneurie de Soulanges, which comprises 20 housing units for frail elderly persons. The …
  • Edmison House Celebrates Re-Opening After Extensive Renovations
    PETERBOROUGH, Ontario, April 23, 2004 — Edmison House celebrated its official re-opening today thanks to $240,000 in funding by the Government of Canada, through Canada Mortgage and Housing Corporation (CMHC). Edmison House, a halfway home, sponsored by St. Leonard’s Society of Peterborough, was re-opened by Peter Adams, Member of Parliament for Peterborough. "The renovations to …
  • 363 New Affordable Assisted Living Units
    NANAIMO, British Columbia, April 29 2004 — Seniors and people with disabilities will benefit from 363 new assisted living units announced today for Vancouver Island. These new apartments will give people better access to affordable housing and personal care services in 13 Vancouver Island communities. Of these, 290 units were allocated through the Independent Living BC (ILBC) program, a …
  • Eleven Affordable Housing Projects Receive $15 Million in New Funding
    EDMONTON, Alberta, April 30, 2004 — Approximately $15 million in federal and provincial funds have been allocated toward the development of 11 affordable housing projects that will create 314 units of affordable housing in Edmonton, Calgary, Lethbridge, Leduc and Rocky Mountain House. This funding completes year three (2003-04) of the Canada-Alberta Affordable Housing Program. The …
  • Kennedy Residence Celebrates Re-Opening
    TORONTO, Ontario, April 30, 2004 – Kennedy Residence, a 55-bed personal rooming house, celebrated its official re-opening today after a year of extensive renovations. The project, costing $1.6 million to complete, was made possible thanks to $750,000 in funding through Canada Mortgage and Housing Corporation’s (CMHC) Residential Rehabilitation Assistance program (RRAP) and …

 

 
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