Canadian Mortgage News

May 2004 National Archive

Mortgage News & Press Releases - May 2004

• 20 New Social and Community Housing Units in Beauceville
  BEAUCEVILLE, Québec, May 3, 2004 — The Honourable Claude Drouin, M.P. for Beauce, on behalf of Andy Scott, Minister of State (Infrastructure) and Minister responsible for Canada Mortgage and Housing Corporation (CMHC) and Minister responsible for the region Chaudière-Appalaches et Deputy of Lévis, madame Carole Théberge, on behalf of Jean-Marc Fournier, …
  
• Starts Expected to Remain Strong in 2004
  OTTAWA, Ontario, May 4, 2004 — Housing starts are expected to remain strong in 2004, reaching 208,500 units, down slightly from 2003 levels but still their second highest level since 1989, according to Canada Mortgage and Housing Corporation’s (CMHC) CMHC Housing Outlook, National Edition report for the second quarter of 2004. "Low mortgage rates combined with accelerated economic …
  
• Construction Begins on New Women's Shelter
  LONDON, Ontario, May 7, 2004 — Women's Community House held a groundbreaking ceremony in London today to mark the construction of a women's shelter for victims of family violence. The project was made possible thanks to joint funding from the Government of Canada and the Government of Ontario. "The construction of this shelter demonstrates the Government of Canada's commitment to …
  
• 10 New Social and Community Housing Units in Kamouraska-Témiscouata
  QUÉBEC CITY, Québec, May 10, 2004 — The Honourable Dr. Gilbert Normand, M.P. for Bellechasse-Et-chemins-Montmagny-L'Islet, and Claude Béchard, Minister of Employment, Social Solidarity and Family Welfare and M.N.A. for Kamouraska-Témiscouata, on behalf of Jean-Marc Fournier, Minister of Municipal Affairs, Sports and Recreation, announced that financial …
  
• Housing Starts Remain High in April
  OTTAWA, Ontario, May 10, 2004 — The seasonally adjusted annual rate 1 of housing starts was 241,600 in April, compared with 252,900 in March, according to Canada Mortgage and Housing Corporation (CMHC). "Even though starts decreased slightly in April, housing construction remains at very high levels", said Bob Dugan, Chief Economist at CMHC's Market Analysis Centre. "Nationally, the …
  
• Governments Announce Extension of Renovation Funds
  ST. JOHN'S, Newfoundland and Labrador, May 11, 2004 — The three-year extension of the federal Residential Rehabilitation Assistance Program (RRAP) and related programs, between the Governments of Canada and Newfoundland and Labrador will continue to help low-income households including seniors, persons with disabilities and Aboriginal people repair their dwellings to minimum health and …
  
• Shelter Receives Federal Funding for New Facility
  TORONTO, Ontario, May 12, 2004 — Interval House, Canada's first shelter for abused women and children will receive federal funding in the amount of $1.255 million, Dennis Mills, M.P. for Toronto-Danforth announced today. The funding, provided under the Shelter Enhancement Program, through Canada Mortgage and Housing Corporation, (CMHC) will be used to renovate and upgrade a new shelter …
  
• Government Announces New Role for Co-Operative Sector in Administration of ...
  OTTAWA, Ontario, May 13, 2004 — The Government of Canada, through Canada Mortgage and Housing Corporation (CMHC), announced today that it has reached agreement with the Co-operative Housing Federation of Canada (CHF Canada) to put in place a new and innovative approach for the administration of federal co-operative housing programs. CHF Canada intends to create a non-profit agency, …
  
• New Assisted Living for Nakusp Seniors
  NAKUSP, British Columbia, May 14, 2004 — Arrow and Slocan Lakes Community Services (ASLCS) is one step closer to achieving its goal of developing eight new assisted living units for seniors in Nakusp and the surrounding area. The group responded to a call for expressions of interest issued under the Independent Living BC (ILBC) program by BC Housing and Interior Health, and has now been …
  
• Assisted Living Project Moves Forward
  GRAND FORKS, British Columbia, May 14, 2004 — Seniors and people with disabilities will have more options for affordable housing and personal care services in Grand Forks with the conversion of Boundary Lodge into 17 subsidized assisted living apartments. Construction is expected to get underway this fall, and Interior Health hopes to place the first clients in the facility by the spring …
  
• Over $1.2 Million to Rehabilitate Much-Needed Housing in West Broadway ...
  WINNIPEG, Manitoba, May 14, 2004 — Low to moderate income residents in the West Broadway neighbourhood will have access to an additional 45 units of affordable housing with the rehabilitation of four vacant buildings, supported by over $1.2 million in funding from the Government of Canada, the Province of Manitoba and the City of Winnipeg through the Winnipeg Housing and Homelessness …
  
• Over $3 Million Allocated to Renovate Housing Projects
  VANCOUVER, British Columbia, May 17, 2004 — Six housing projects, totaling 247 units located across British Columbia, will receive over $3.2 million in funding under Canada Mortgage and Housing Corporation’s (CMHC) Residential Rehabilitation Assistance Program (RRAP) and Shelter Enhancement Program (SEP). The announcement was made today by the Honourable Hedy Fry, Parliamentary …
  
• Federal Government Renovation Funds Address Housing Needs in the Yukon
  WHITEHORSE, Yukon, May 17, 2004 — The three year extension of the Federal Government’s repair and renovation programs, totalling approximately $2.1 million, will help low-income seniors and homeowners, persons with disabilities and Aboriginal people in the Yukon territory live in safer, more accessible and better quality homes. Funding is also available to improve emergency shelters …
  
• Federal Government Announces Renovation Funds
  EDMONTON, Alberta, May 18, 2004 — The three-year extension of the Residential Rehabilitation Assistance Program (RRAP) and related programs in Alberta, totaling approximately $26.5 million, is helping low-income households including seniors, persons with disabilities and Aboriginal people to repair their dwellings to minimum health and safety levels. Funding is also available to improve …
  
• 15 New Social and Community Housing Units in Magog
  MAGOG, Québec, May 19, 2004 — Brome-Missisquoi MP Denis Paradis and Minister of Education and Orford MNA Pierre Reid, on behalf of Minister of Municipal Affairs, Sports and Recreation Jean-Marc Fournier, announced today that $987,732 in federal-provincial financial assistance is being provided to Corporation Memphrémagog Han-Logement for the Hall-Brassard project in Magog. …
  
• Governments Announce Extension of Funds for Home Repair Program
  HALIFAX, Nova Scotia, May 19, 2004 — The three-year extension of the Residential Rehabilitation Assistance Program (RRAP) between the Governments of Canada and Nova Scotia will provide $27.9 million in funding to continue to help low-income households repair their dwellings to minimum health and safety levels. The announcement was made today by the Honourable Geoff Regan, Minister of …
  
• Governments Announce Extension of Renovation Agreement
  Regina, Saskatchewan, May 19, 2004 — A $19.9 million, three-year extension, to the Residential Rehabilitation Assistance Program (RRAP) and related programs was announced today by the Governments of Canada and Saskatchewan. Funding will help repair and modify homes to enhance housing quality and accessibility, achieve minimum health and safety levels and promote greater independence. It …
  
• Affordable Housing Conditions Improve Across Canada
  OTTAWA, Ontario, May 21, 2004 — A moderate improvement in affordable housing conditions in Canada between 1996 and 2001 was announced by Canada Mortgage and Housing Corporation (CMHC) today. The proportion of Canadian households experiencing core housing need declined from 17.9 per cent in 1996 to 15.8 per cent in 2001, according to an analysis of 2001 census data. The situation …