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October 2004 National Archive

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Mortgage News & Press Releases - October 2004

  • Canmore Receives Government Funding for New Affordable Housing Project
    EDMONTON, Alberta, October 1, 2004 — Mountain Haven Cooperative Homes Ltd. will receive $850,000 under the Canada-Alberta Affordable Housing Program (CAAHP) to build a 17-unit affordable housing complex for low- to moderate-income working families. The announcement was made today by the Honourable Joe Fontana, Minister of Labour and Housing, and the Honourable Stan Woloshyn, provincial …
  • Official Opening of Le Saint-Charles Building
    BEAUCEVILLE, Québec, October 1, 2004 — The Honourable Claude Drouin, MP for Beauce, on behalf of the Honourable Joe Fontana, Minister of Labour and Housing, Dominique Vien, MNA for Bellechasse, on behalf of Jean-Marc Fournier, Minister of Municipal Affairs, Sports and Recreation, Henri Marcel Veilleux, Mayor of Beauceville, and Jean Gilbert, Chairman of the Municipal Housing …
  • New Affordable Homes Built in Northern Communities of Wabowden, Camperville ...
    WABOWDEN, Manitoba, October 1st, 2004 — The first new homes in northern Manitoba funded under the Canada-Manitoba Affordable Housing Initiative (AHI) will be built soon, the Honourable Joe Fontana, Minister of Labour and Housing, and Christine Melnick, Minister of Manitoba Family Services and Housing announced today. There are 10 homes being constructed, four new houses on Mulholland …
  • CMHC Enhances NHA MBS Program and Mortgage Insurance Options for Rental ...
    OTTAWA, Ontario, October 1, 2004 - The NHA Mortgage Backed Securities Program has been expanded to include insured second mortgages for both homeowner and rental properties, Canada Mortgage and Housing Corporation (CMHC) announced. "This enhancement will provide Approved MBS Issuers with an additional funding source for second mortgages," said Karen Kinsley, President of CMHC. "This helps …
  • Official Opening of Habitations Saint-Stanislas
    SAINT-STANISLAS, Québec, October 4, 2004 — Senator Michel Biron, on behalf of the Honourable Joe Fontana, Minister of Labour and Housing, Jean-Pierre Soucy, MNA for Portneuf, on behalf of Jean-Marc Fournier, Minister of Municipal Affairs, Sports and Recreation, Jean-Marc Beaudoin, Pro-Mayor of Saint-Stanislas, and Serge Béland, Chair of the Réseau d'habitation …
  • September Housing Starts Meet Expectations
    OTTAWA, Ontario, October 8, 2004 — The seasonally adjusted annual rate 1 of housing starts was 231,000 units in September, down from 241,100 in August, according to Canada Mortgage and Housing Corporation (CMHC). "Housing starts across Canada remain strong and are on track with our expectations for the year," said Bob Dugan, Chief Economist at CMHC's Market Analysis Centre. "Low …
  • Rejuvenated Housing Project Opens in Saskatoon
    SASKATOON, Saskatchewan, October 12, 2004 — Three renovated and rejuvenated apartment buildings featuring 36 affordable housing apartments were officially opened today in Saskatoon. Located in the inner-city neighbourhood of Pleasant Hill on 102 and 104 Avenue U South and 101 Avenue T South, the apartments have been renovated in part with funding from the Governments of Canada and …
  • 10 Affordable Housing Projects Receive $27 Million in New Funding
    EDMONTON, Alberta, October 14, 2004 — Approximately $27.1 million in federal and provincial funds has been allocated to facilitate the development of 10 affordable housing projects that will create 622 units of affordable housing in Calgary, Camrose, Canmore, Edmonton, Hythe, Red Deer and Rocky Mountain House. This funding is allocated to projects funded under the Canada-Alberta …
  • Apartment Units Upgraded in Neepawa With Support From Federal and Provincial ...
    NEEPAWA, Manitoba, October 15, 2004 — An upgrading project in Neepawa at 440 Mountain View to improve apartment units for low-income households is being supported with funding of over $77,600 from the Governments of Canada and Manitoba under the Residential Rehabilitation Assistance Program (RRAP). The funding for the project will upgrade six, one-bedroom apartments in a 105 year old …
  • More Affordable Housing to be Available in Brandon — An Additional 77 ...
    BRANDON, Manitoba, October 15, 2004 — Brandon residents will soon benefit from the construction of eight new rental housing units and 69 more renovated units for families with moderate to lower incomes, with the support of the governments of Canada and Manitoba. The Honourable Reg Alcock, President of the Treasury Board and Minister Responsible for the Canadian Wheat Board, on behalf of …
  • Inauguration of La Bourgade de Donnacona
    DONNACONA, Québec, 15 October, 2004 — Seniors in Donnacona now have more affordable housing options since the construction of La Bourgade de Donnacona, a complex of 24 new units for less-independent seniors, thanks to an investment of $2.3 million. The ribbon-cutting ceremony at this residence was held this afternoon and was announced by the Honourable Jean-C. Lapierre, Minister …
  • HLM Quartier Bel-Air in La Tuque
    LA TUQUE, Québec, October 18, 2004 — Nearly $450,000 in budget funds have just been allocated to the La Tuque Municipal Housing Bureau for the rehabilitation of six low-rent housing units occupied by families of the HLM Quartier Bel-Air in La Tuque. This announcement was made today by the Honourable Lucienne Robillard, President of the Queen's Privy Council for Canada and …
  • New Women's Shelter and Supportive Housing Opens
    PRINCE GEORGE, British Columbia, October 18, 2004 — The opening of 28 shelter beds and eight units of supportive housing for women was celebrated today in Prince George. Located at 144 George Street, the shelter will provide safe, short-term emergency shelter and supportive transitional housing for women and female youth who have been victims of abuse. The facility will also feature a …
  • Bank of Canada raises overnight rate target by 1/4 percentage point to 2 1/2 ...
    OTTAWA, Ontario, October 19th, 2004 — The Bank of Canada today announced that it is raising 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 increased, and the Bank Rate is now 2 3/4 per cent. The Canadian economy is operating near its production capacity and continues to adjust to …
  • MCAP launches Einstein automatic adjudication solution on the Marlborough ...
    November 19, 2004 - Building on the success of the automatic adjudication of pre-approval mortgage applications, Ron Swift, President and CEO of MCAP Mortgage Corporation is pleased to announce the successful implementation of "Einstein" - the automated mortgage approval process that makes virtually instant approvals a reality for one of Canada's largest lenders through the mortgage broker …
  • Affordable Housing Project Underway in Creighton
    CREIGHTON, Saskatchewan, October 20, 2004 — Construction of Bedrock Manor featuring 12 new affordable housing apartments officially began today with a sod turning ceremony in the town of Creighton. The project was developed, is owned and will be managed by R.L. Miller Contracting Ltd. The funding is made possible through a partnership between the developer, the municipality and the …
  • Bank of Canada releases Monetary Policy Report
    OTTAWA, Ontario, 21 October 2004 — The Bank of Canada today released its October Monetary Policy Report, which reviews economic and financial trends in the context of Canada's inflation-control strategy. The Canadian economy has grown faster than was projected in last April's Monetary Policy Report and the July Update, largely because of a surge in exports. It is now operating near its …
  • Hope Haven Shelter Opens Today
    LAC LA BICHE, Alberta, October 21, 2004 — Hope Haven Shelter celebrated the official opening of its expanded 7 unit, 21-bed women's shelter today. The new facility provides access to much-needed services that will help women and their children lead more independent, active and secure lives. The Honourable Anne McLellan, Deputy Minister and Minister of Public Safety and Emergency …
  • 25 New Housing Units for Seniors in Saint-Félicien
    SAINT-FÉLICIEN, Québec, October 22, 2004 — Seniors in Saint-Félicien will soon have more affordable housing options thanks to the construction of 25 new housing units. The expansion of the Manoir Renaissance was officially opened today. This announcement was made during a ceremony by Senator Aurélien Gill, on behalf of the Honourable Joseph Fontana, Minister …
  • Affordable Housing Week in Peterborough
    PETERBOROUGH, Ontario, October 28, 2004 — Peterborough's second annual Housing Affordability Week is the backdrop for a breakfast meeting to be held tomorrow to discuss ideas to stimulate the development of additional affordable housing in Peterborough. Participants will include the Honourable Peter Adams, Member of Parliament for Peterborough, and Peterborough Member of Provincial …
  • Residential Construction to Ease in 2005
    OTTAWA, Ontario, October 28, 2004 — Housing starts in Canada will reach 226,800 units this year as favourable economic factors carry starts to a 17-year high, according to Canada Mortgage and Housing Corporation's (CMHC) fourth quarter, CMHC Housing Outlook, National Edition report. "Activity in the new home market in the third quarter hit heights not seen since the latter half of the …
  • Extreme Makeover: Witness Canada's Largest Youth Shelter Transform
    TORONTO, Ontario, October 29, 2004 — Canada's largest shelter for homeless youth held an event to mark the start of renovations. The shelter is undergoing extensive repairs to ensure the buildings are safe and meet building codes. Comprised of two buildings located in downtown Toronto near Yonge and Gerrard Streets, the two adjacent structures that make up Covenant House are in …
  • Affordable Housing Funding for Flood Victims in Peterborough
    PETERBOROUGH, Ontario, October 29, 2004 — The Government of Canada and the Government of Ontario today allocated up to $1 million each to create new affordable housing for lower income persons who were victims of the Peterborough flood. The announcement was made by the Honourable Peter Adams, Peterborough MP and Parliamentary Secretary to the Minister of Human Resources and Skills …

 

 
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