Canadian Mortgage News

March 2004 National Archive

Mortgage News & Press Releases - March 2004

• Bank of Canada lowers target for the overnight rate by 1/4 percentage point to ...
  OTTAWA, Ontario, 2 March 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 1/4 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 2 1/2 per cent. Information received since the Bank's last interest rate announcement has been broadly consistent …
  
• 215 Social and Community Housing Units in the Québec City Borough of ...
  QUÉBEC CITY, Québec, March 2, 2004 — The Minister of Canadian Heritage and Member of Parliament for Louis-Hébert, the Honourable Hélène Chalifour Scherrer, on behalf of the Honourable Andy Scott, Minister of State (Infrastructure) and Minister Responsible for Canada Mortgage and Housing Corporation; the Minister of Justice and the Member of Parliament …
  
• Governments Break Down Wall for New Housing and Shelter Units in Regina
  REGINA, Saskatchewan, March 3, 2004 — The governments of Canada, Saskatchewan and the City of Regina are breaking down walls in order to make more room at the Young Women's Christian Association (YWCA) of Regina. The three levels of government are contributing just over $1.6 million to renovate 43 existing units and to add 19 new units. The project will enhance the building's health and …
  
• Governments Announce $1.4 Million Housing Project in Prince Albert
  PRINCE ALBERT, Saskatchewan, March 4, 2004 — Affordable housing and conveniently-located child care for 32 low- to moderate-income families will become a reality thanks to a $1.4 million housing renovation project in Prince Albert. The announcement was made today by the Honourable Ralph Goodale, Minister of Finance, Saskatchewan Community Resources and Employment Minister Joanne …
  
• New Home Construction Up in February
  OTTAWA, Ontario, March 8, 2004 — The seasonally adjusted annual rate 1 of housing starts was 214,100 in February, compared with 195,500 in January, according to Canada Mortgage and Housing Corporation (CMHC). "Starts rebounded nicely in February," said Bob Dugan, Chief Economist at CMHC's Market Analysis Centre. "Both singles and multiples rose during the month to bring total starts …
  
• Apartment Units Being Upgraded in Thompson with Federal and Provincial Funding
  THOMPSON, Manitba, March 12, 2004 — Three major upgrading projects will create 106 units of rehabilitated, affordable housing in Thompson thanks to over $964,000 in funding from the Governments of Canada and Manitoba under two programs: the Affordable Housing Initiative and the Residential Rehabilitation Assistance Program (RRAP). Rehabilitation funding under RRAP will bring the …
  
• 461 Social and Community Housing Units in Montréal
  MONTRÉAL, Québec, March 15, 2004 — The Honourable Pierre Pettigrew, Minister of Health, Minister of Intergovernmental Affairs and Minister responsible for Official Languages; Jean-Marc-Fournier, Minister of Municipal Affairs, Sports and Recreation; and Gérald Tremblay, Mayor of the City of Montréal, today participated in the official opening of 10 housing …
  
• New Affordable Housing Project Opens in Edmonton’s Inner City
  EDMONTON, Alberta, March 29, 2004 — Edmonton’s inner city has eight more units of affordable housing with the grand opening today of an Edmonton Inner City Housing Society project in Norwood. The project received $400,000 under the Canada-Alberta Affordable Housing Program. The announcement was made on behalf of the Honourable Anne McLellan, Deputy Prime Minister and Minister of …
  
• First Supportive Seniors Housing Opens in Lillooet
  LILLOOET, British Columbia, March 29, 2004 — Lillooet seniors now have the opportunity to live independently and receive the support they need, thanks to the first supportive living development in Lillooet. Sumac Suites, at 951 Murray Street officially opened today and will provide six units of subsidized supportive seniors housing to singles or couples. Residents will have their own …