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January 2004 National Archive

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Mortgage News & Press Releases - January 2004

  • Microsoft Canada chooses CanEquity Mortgage for Home Magazine
    CALGARY, Alberta, January 5, 2004 — Microsoft Home Magazine made a major change this month in its Finance section. CanEquity Mortgage has been added as the online financing site of choice for Canadians looking for mortgages in Canada. This decision may have no doubt been due to the fact that the websites CanEquity Mortgage Services owns and operates are that of the highest caliber for …
  • Edmonton Receives Government Funding for Four New Affordable Housing Projects
    EDMONTON, Alberta, January 8, 2004 — Approximately $3.1 million will be allocated under the Canada-Alberta Affordable Housing Program Agreement to facilitate the development of four projects that will create 62 affordable housing units in Edmonton for low-income families, couples, and seniors. The announcement was made today by the Honourable Anne McLellan, Deputy Prime Minister and …
  • Fort McMurray Receives Government Funding for New Affordable Housing Project
    EDMONTON, Alberta, January 8, 2004 — The Salvation Army-START Program will receive $125,000 under the Canada-Alberta Affordable Housing Program to complete a five-bedroom group home for disabled individuals with special needs. The announcement was made today by the Honourable Anne McLellan, Deputy Prime Minister and Minister of Public Safety, on behalf of the Honourable Andy Scott, …
  • Governments Fund New Affordable Housing Project in Red Deer
    EDMONTON, Alberta, January 8, 2004 — Red Deer - The Handicapped Housing Society of Alberta (HHSA) will receive $1.3 million under the Canada-Alberta Affordable Housing Program to build a 65-unit complex that will meet the needs of a variety of Red Deer residents. The announcement was made today by the Honourable Anne McLellan, Deputy Prime Minister and Minister of Public Safety, on behalf …
  • Grande Prairie Receives Government Funding for New Affordable Housing Project
    EDMONTON, Alberta, January 8, 2004 — The Grande Prairie Residential Society (GPRS) will receive $3.25 million under the Canada-Alberta Affordable Housing Program to build a 65-unit complex for low-income families and people with disabilities. The announcement was made today by the Honourable Anne McLellan, Deputy Prime Minister and Minister of Public Safety, on behalf of the Honourable …
  • Lethbridge Receives Government Funding for New Affordable Housing Project
    EDMONTON, Alberta, January 8, 2004 — Historical Developments Ltd. will receive $2.5 million under the Canada-Alberta Affordable Housing Program to build a 100-unit apartment complex for low-income seniors, persons with disabilities and students. The announcement was made today by the Honourable Anne McLellan, Deputy Prime Minister and Minister of Public Safety, on behalf of the Honourable …
  • 2003 Starts Best Since 1988
    OTTAWA, Ontario, January 9, 2004 — The seasonally adjusted annual rate 1 of housing starts was 217,600 in December, compared to 215,000 in November, reports Canada Mortgage and Housing Corporation (CMHC "Annual starts in 2003 were at their highest level since 1988, thanks to low mortgage rates, growing employment and increasing incomes," said Bob Dugan, Chief Economist at Canada …
  • Bank of Canada lowers target for the overnight rate by 1/4 percentage point to ...
    OTTAWA, Ontario, January 20, 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 1/2 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 2 3/4 per cent. Both core and total CPI inflation remain below the 2 per cent inflation target. While inflation …
  • Additional Families Benefit as more Affordable Housing is Created in Brandon
    BRANDON, Manitoba, January 20, 2004 - Brandon's downtown will soon have 47 new apartments for families with low and moderate-incomes bringing the total revitalized housing units in the city to more than 500, thanks to the support of the governments of Canada and Manitoba. The Honourable John Harvard, Charleswood St. James-Assiniboia MP, on behalf of the Honourable Andy Scott, Minister of …
  • Bank of Canada releases Monetary Policy Report Update
    OTTAWA, Ontario, 22 January 2004 — The Bank of Canada today released its Update to the October Monetary Policy Report . This report discusses economic and financial trends in the context of Canada's inflation-control strategy. Since the October Monetary Policy Report, three developments have led the Bank to modify its outlook for economic growth and inflation in Canada: …

 

 
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