Canadian Mortgage News

August 2004 National Archive

Mortgage News & Press Releases - August 2004

• Starts will Reach 17 Year High in 2004
  OTTAWA, Ontario, August 4, 2004 — Housing starts are expected to hit 225,700 units, up from 2003's robust pace of 218,426 starts, making 2004 the strongest year since 1987 for new home construction, according to Canada Mortgage and Housing Corporation's (CMHC) third quarter CMHC Housing Outlook, National Edition report. "In March of this year, the five-year mortgage rate was at the …
  
• Housing starts remain at high level
  OTTAWA, Ontario, August 10, 2004 — The seasonally adjusted annual rate 1 of housing starts was 218,700 in July, down from 232,100 in June, according to Canada Mortgage and Housing Corporation (CMHC). "Even though starts decreased slightly in July, housing construction remains at a high level," said David Weingarden, Senior Economist at CMHC's Market Analysis Centre. "Nationally, the …
  
• Affordable Assisted Living for Kamloops Seniors
  KAMLOOPS, British Columbia, August 19, 2004 — Seniors with low to moderate incomes in Kamloops will have more options for affordable housing and personal care with the construction of a 76-unit assisted living development. The official groundbreaking ceremony for Bedford Manor took place today. The new development, which will provide affordable apartments and support services for seniors, …
  
• Groundbreaking Launches Affordable Housing Project in Inner City
  EDMONTON, Alberta, August 27, 2004 — A groundbreaking ceremony held Friday in Edmonton’s inner city signaled the start of construction of a 78-unit complex that will provide more affordable housing for low-income persons and will foster revitalization of an inner city community. The Honourable Anne McLellan, Deputy Prime Minister and Minister of Public Safety and Emergency …
  
• New Supported Housing to Benefit Trail Seniors
  TRAIL, British Columbia, August 27, 2004 — Seniors with low incomes have more housing options with the opening today of 30 much-needed new seniors' apartments with support services in Trail. This multi-partnership initiative is made possible with contributions from the federal and provincial governments, under the Canada-British Columbia Affordable Housing Agreement, as well as the City …
  
• Get a little MorWEB Action with our new MorWEB training program
  August 27, 2004 - Marlborough Stirling is pleased to announce to the mortgage broker industry the introduction of a comprehensive training program in support of our web-based MorWEB mortgage origination solution. As Dave Nichol, Director, National Sales explains, "through this initiative, Marlborough Stirling is taking a proactive approach in ensuring our clients' experience is exceptional …
  
• $150M for Affordable Housing in Quebec
  MONTRÉAL, Québec, August 30, 2004 — The Minister of Labour and Housing, the Honourable Joe Fontana, and the Minister of Affaires municipales, du Sport et du Loisir, Mr. Jean-Marc Fournier, today announced the signing of a new affordable housing program funding agreement between the governments of Canada and Quebec. Ministers Fontana and Fournier indicated that this …