Canadian Mortgage News

July 2004 National Archive

Mortgage News & Press Releases - July 2004

• CIBC selects Marlborough Stirling's OMIGA multi-channel loan origination ...
  July 7, 2004 - Marlborough Stirling Canada (MSC) today announces the signing of a major new contract with CIBC, one of the largest mortgage lenders in Canada, for its Omiga component-based mortgage point-of-sale, application processing and customer management solution. This contract represents a significant extension of the relationship between the two parties, who have worked together for …
  
• Bank of Canada releases 2005 schedule of dates for its policy interest rate ...
  OTTAWA, Ontario, July 8, 2004 — The Bank of Canada today released its 2005 schedule of eight dates for announcing decisions on its key policy interest rate, and confirmed the announcement dates for the remainder of this year. The announcement dates from July 2004 through December 2005 are:
  
• Housing Starts Remain High in June
  OTTAWA, Ontario, July 9, 2004 — The seasonally adjusted annual rate 1 of housing starts was 239,300 in June, virtually unchanged from May, according to Canada Mortgage and Housing Corporation (CMHC). "June's strong results continue to reflect positive economic factors, particularly low mortgage rates, improving employment and strong consumer confidence," said Bob Dugan, Chief Economist …
  
• 268 New Assisted Living Units for Interior
  PENTICTON, British Columbia, July 19, 2004 — More than 260 new assisted living apartments will be developed in eight communities throughout B.C.'s Interior. Subsidized by the Government of Canada and the Province of British Columbia through the Independent Living BC (ILBC) program, the apartments will provide affordable housing, personal care and hospitality services for low-income …
  
• Bank of Canada keeps target for the overnight rate at 2 per cent
  OTTAWA, Ontario, July 20 2004 – The Bank of Canada today announced that it is maintaining its target for the overnight rate at 2 per cent. The operating band for the overnight rate is unchanged, and the Bank Rate remains at 2 1/4 per cent. The Bank's outlook for economic growth and core inflation in Canada is little changed from the April Monetary Policy Report . The Canadian economy is …
  
• Affordable Assisted Living for Island Seniors
  NANAIMO, British Columbia, July 20, 2004 — Seniors in Nanaimo with low to moderate incomes have more housing options with the official opening today of 45 units of much needed assisted living housing. Kiwanis House, located at 1233 Kiwanis Crescent, provides affordable independent apartments with support services for seniors and is the first non-profit development to be completed under …
  
• Bank of Canada releases Monetary Policy Report Update
  OTTAWA, Ontario, 22 July 2004 — The Bank of Canada today released its Update to the April Monetary Policy Report . The Update discusses current economic and financial trends in the context of Canada's inflation-control strategy. Since the April Report, three developments have led to small modifications in the Bank's outlook for economic growth and inflation in Canada. First, growth in …
  
• Q9 Networks Inc. selected to ensure security and reliability of hosted ...
  July 22, 2004 - Q9 Networks Inc. (TSX:Q), a leading provider of outsourced Internet infrastructure services, has been awarded a managed services contract to support Marlborough Stirling's hosted mortgage origination and servicing solutions. To ensure the security and reliability of client connections to its MorWEB, Omiga and Optimus solutions, Marlborough Stirling will take advantage of Q9's …
  
• New Mixed-Income Housing in Coal Harbour
  VANCOUVER, British Columbia, July 28, 2004 — Members of Vancouver's arts community and their project partners celebrated the construction of 111 units of mixed-income housing for seniors in Coal Harbour today. The new units, located at 1616 Bayshore Drive, a prime downtown location, will offer affordable housing options for low-income seniors involved in the performing arts and allied …