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April 2005 National Archive

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Mortgage News & Press Releases - April 2005

  • Canada to Work with Egypt to Monitor Egyptian Housing Conditions
    OTTAWA, Ontario, April 2, 2005 — Labour and Housing Minister Joe Fontana today announced on behalf of International Cooperation Minister Aileen Carroll that Canada will work with Egypt to establish a housing information centre to monitor and report changing housing market conditions. Minister Fontana made the announcement in Cairo following a meeting with His Excellency Muhammed Ibrahim …
  • Summerland Seniors Benefit from New Housing
    SUMMERLAND, British Columbia, April 5, 2005 — More seniors are able to live independently with support services with the official opening today of an addition to Angus Place. Thirty-three new apartments have been added to the existing development, bringing the number of independent housing units on the site to 83. "Partnerships made this addition to Angus Place a reality," said Rick …
  • First Aboriginal Patients' Lodge and Family Housing Opens
    VANCOUVER, British Columbia, April 6, 2005 — Members of Vancouver's Aboriginal community and their project partners celebrated the opening of a unique housing and health partnership. The development consists of 22 units of mixed-income housing for Aboriginal families and singles. Seven of these units will be dedicated as an Aboriginal Patient Lodge to provide safe, affordable housing …
  • New Assisted Living Homes to Benefit Mission Seniors
    MISSION, British Columbia, April 8, 2005 — Low-income seniors will soon have more housing options, with the construction of a 57-unit assisted living facility in Mission, a first for the community. Today was the official groundbreaking ceremony for the Cedars, which is located adjacent to Mission Memorial Hospital. The facility will provide 40 affordable, independent apartments with …
  • Starts Edge Higher in March
    OTTAWA, Ontario, April 8, 2005 — The seasonally adjusted annual rate 1 of housing starts was 218,500 in March, up 0.3 per cent from 217,800 in February, according to Canada Mortgage and Housing Corporation (CMHC).
  • Work Set to Begin for New Assisted Living Homes
    VICTORIA, British Columbia, April 11, 2005 — For 130 years, BC's oldest non-profit society has looked after the interests of children and families in Greater Victoria. Today, The Cridge Centre for the Family and representatives of all levels of government celebrated the beginning of work for 77 new assisted living units for Victoria seniors — 40 of the units will be funded jointly …
  • Bank of Canada keeps target for the overnight rate at 2 1/2 per cent
    OTTAWA, Ontario, April 12, 2005 — The Bank of Canada today announced that it is maintaining its target for the overnight rate at 2 1/2 per cent. The operating band for the overnight rate is unchanged, and the Bank Rate remains at 2 3/4 per cent. Data received since the Bank's last interest rate announcement on 1 March indicate that the Canadian and global economies have been evolving …
  • Bank of Canada releases Monetary Policy Report
    OTTAWA, Ontario, 14 April 2005 — The Bank of Canada today released its April Monetary Policy Report, which discusses current economic and financial trends in the context of Canada's inflation-control strategy. The global economy has been unfolding largely as expected, and the outlook for the Canadian economy is essentially unchanged from that in the January Monetary Policy Report Update …
  • Partnership Helps People with Disabilities
    MOOSE JAW, Saskatchewan, April 15, 2005 — People with disabilities will have access to shelter, affordable housing and support, thanks to a partnership involving three levels of government and the community. The Moose Jaw Non Profit Housing Corporation will receive $1.5 million to construct a 16-unit apartment building and a community service centre that will provide emergency shelter, …
  • Summerville Pines Celebrates Official Opening
    PEEL, Ontario, April 15, 2005 — The Government of Canada, the Government of Ontario, and the Region of Peel today celebrated the official opening of Summerville Pines, a project that creates 136 units of affordable housing in Mississauga under the Canada/Ontario Affordable Housing Program. The Honourable Albina Guarnieri, Member of Parliament for Mississauga East, on behalf of the …
  • Surrey Seniors to Gain Affordable Housing
    SURREY, British Columbia, April 17, 2005 — Lower-income seniors will soon have more housing options, with the construction of 72 assisted-living units in Surrey. The new units are funded under Independent Living BC (ILBC), a housing-for-health program managed by BC Housing and Fraser Health in partnership with the Government of Canada through Canada Mortgage and Housing Corporation …
  • Government of Canada Provides Funding for a New Horizons for Seniors Project ...
    VANCOUVER, British Columbia, April 18, 2005 — Don Bell, Member of Parliament for North Vancouver, on behalf of Ken Dryden, Minister of Social Development, today announced $30,250 in funding from the New Horizons for Seniors program. The Government of Canada is providing funding to the North Shore Multicultural Society and the Capilano Community Services Society for their Immigrant Seniors …
  • Minister Fontana Announces Board Appointment
    OTTAWA, Ontario, April 19, 2005 — The Honourable Joe Fontana, Minister of Labour and Housing, today announced the appointment of Alexander Werzberger, of Montréal, to the Board of Canada Mortgage and Housing Corporation for a three-year term. "Mr. Werzberger has been a respected member of the housing industry for many years and has won many awards for his work," said Minister …
  • Government of Canada and the Co-operative Housing Federation Reach New Agreement
    TORONTO, Ontario, April 22, 2005 — The Government of Canada, through Canada Mortgage and Housing Corporation (CMHC), and the Co-operative Housing Federation of Canada have concluded an agreement which allows the national federation to complete research and development activities for the successful start-up of a Co-operative Housing Programs Administration Agency. In early May the new …
  • First Time Home Buyers to Benefit from Lower Costs
    OTTAWA, Ontario, April 22, 2005 — The Minister of Labour and Housing, Joe Fontana, today announced several enhancements to mortgage loan insurance that would improve affordability for many Canadians as well as improve home security. These new measures amount to some $200 million annually. Effective immediately, CMHC is lowering mortgage loan insurance premiums for the second time in two …
  • Marillac Place Celebrates Renovation at Open House
    KITCHENER, Ontario, April 25, 2005 — Marillac Place officially opened their newly renovated building today. The extensive renovation of a century-old coach house provides the facility with more space for its services for young mothers and their children. The federal government provided $154,846 in funding for the renovation through Canada Mortgage and Housing Corporation's (CMHC) Shelter …
  • Housing Ministers Announce More Funding for Affordable Housing
    WINNIPEG, Manitoba, April 25, 2005 — The federal and provincial governments today announced an additional $23.08 million to create more affordable housing for Manitoba residents who need it the most. The announcement was made at the signing of Phase II of the Canada-Manitoba Affordable Housing Initiative by the Honourable Reg Alcock, Minister Responsible for the Canadian Wheat Board and …
  • Regina Seniors Gain More Affordable Housing
    REGINA, Saskatchewan, April 25, 2005 — Seniors in Regina will now have access to 80 new units of affordable housing with optional assisted living services. A contribution of $2.1 million was announced today by the governments of Canada and Saskatchewan, and the City of Regina. Renaissance Retirement Residences Ltd. is converting the former Derrick building at 1801 McIntyre Street into …
  • Affordable Housing Funds Allocated by Yukon Housing Corporation
    WHITEHORSE, Yukon, April 25, 2005 — The Government of Canada and the Yukon Territory today announced that 89 new units of affordable housing will receive over $1.4 million in funding under the Canada/Yukon Affordable Housing Agreement. The two projects, in Whitehorse, will provide housing for seniors and low- to moderate-income Yukoners. "The Government of Canada is committed to …
  • Tridel Teams up with Industry Partners to Test Green Building Innovations
    TORONTO, Ontario, April 26, 2005 — Utility costs and air quality concerns are on the rise in Toronto. To help condominium owners combat these challenges, Tridel, Canada's leading developer and builder of condominiums, has teamed up with Canada Mortgage and Housing Corporation (CMHC) to test and monitor innovations designed to improve the energy performance and indoor air quality of …
  • Housing Financial Assistance for Low-Income Households
    QUÉBEC CITY, Québec, April 27, 2005 — The Honourable Joe Fontana, Federal Minister of Labour and Housing, and Nathalie Normandeau, Quebec Minister of Municipal Affairs and the Regions, announced today that funds are being allocated, over a period of three years, under the current Rent Supplement program. This measure, covering the period starting January 1, 2005, will …
  • Habitat for Humanity — Breaks Ground for Historic Blitz Build
    WINDSOR, Ontario, April 28, 2005 — International and national sponsors, community volunteers, partner families, civic leaders and representatives from Habitat for Humanity International, Habitat for Humanity Canada and the local Habitat for Humanity Windsor-Essex affiliate, gathered to officially break ground signaling the start of the historic 2005 Windsor Blitz build. This build is …
  • Minister Fontana Announces Renewal of Housing Affordability Initiative
    OTTAWA, Ontario, April 28, 2005 — The Honourable Joe Fontana, Minister of Labour and Housing, today announced the renewal of ACT (Affordability and Choice Today), a CMHC-funded initiative aimed at regulatory reform to improve housing affordability and choice. The new agreement is for $1.2 million over four years. “The goal of ACT is to improve planning and building regulations to …
  • Native Women's Centre to Receive Renovation Funding
    HAMILTON, Ontario, April 28, 2005 — The Native Women's Centre, a 12-bed shelter for Aboriginal women and their children, will receive $260,000 in funding under Canada Mortgage and Housing Corporation's (CMHC) Shelter Enhancement Program. The announcement was made today by Member of Parliament for Hamilton East-Stoney Creek and Leader of the Government in the House Commons, the …
  • $602 Million Allocated for Affordable Housing in Ontario
    TORONTO, Ontario, April 29, 2005 — The Government of Canada and the Government of Ontario today signed an Affordable Housing Agreement, which will commit $602 million over the next four years to increase the supply of affordable housing in the province. The agreement was signed today by the Honourable Joe Fontana, Minister of Labour and Housing, and the Honourable David Caplan, …
  • NORTEP Student Apartments Celebrates Opening
    LA RONGE, Saskatchewan, April 29, 2005 — The Government of Canada, Province of Saskatchewan and private investors have joined forces to contribute to the opening of 48 affordable housing units in La Ronge for students. The Northern Teachers Education Program/Northern Professional Access College (NORTEP/NORPAC) student apartments were opened today in La Ronge at a ceremony marking the …

 

 
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