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August 2005 National Archive

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Mortgage News & Press Releases - August 2005

  • 34 New Affordable Housing Units Open in Hamilton
    HAMILTON, Ontario, August 2, 2005 — The Government of Canada, the Government of Ontario, and the City of Hamilton today celebrated the official opening of 557 Queenston Road, a project that creates 34 units of affordable housing in Hamilton under the Canada/Ontario Affordable Housing Program. The Honourable Tony Valeri, Member of Parliament for Hamilton East-Stoney Creek, on behalf of …
  • New Affordable Housing Coming to Morden
    MORDEN, Manitoba, August 4, 2005 — Low-to moderate-income families and people with disabilities in the Morden area will soon have access to safe and affordable apartment units when a new rental project with 30 units is completed. The development is being supported with $600,000 in funding from the Canada-Manitoba Affordable Housing Program. The announcement was made today by the …
  • Housing Starts Will Begin to Taper Off
    OTTAWA, Ontario, August 4, 2005 — Residential construction will moderate in 2005, and reach 218,900 units, a decrease of 6.2 per cent from 2004, according to Canada Mortgage and Housing Corporation's (CMHC) third quarter Housing Market Outlook, Canada Edition report. In 2006, residential construction will continue to ease dipping 8.5 per cent to 200,200 units. "The unanticipated …
  • Multiple Construction Pushes Housing Starts Higher in July
    OTTAWA, Ontario, August 9, 2005 — The seasonally adjusted annual rate 1 of housing starts was 242,300 units in July, up 0.4 per cent from 241,300 units in June, according to Canada Mortgage and Housing Corporation (CMHC). "Low mortgage rates and favourable labour market conditions have boosted new home construction to its highest level of the year," said Bob Dugan, Chief Economist at …
  • Bank of Canada releases 2006 schedule of dates for its policy interest rate ...
    OTTAWA, Ontario, 11 August 2005 — The Bank of Canada today released its 2006 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 September 2005 through December 2006 are: Wednesday, 7 September 2005
  • 32 Affordable Housing Units to be Built in Arborg
    ARBORG, Manitoba, August 11, 2005 — A new apartment complex, with 32 assisted living units for low-to- moderate income seniors in Arborg, will receive $704,000 in funding from the Canada-Manitoba Affordable Housing Initiative (AHI). The Honourable Reg Alcock, President of Treasury Board, on behalf of the Honourable Joe Fontana, Minister of Labour and Housing, and the Honourable …
  • New Seniors Housing Project Approved for Unity
    UNITY, Saskatchewan, August 12, 2005 — A new 24-unit senior's housing project has been approved for Unity under the Centenary Affordable Housing Program. "The Government of Canada is committed to helping our seniors live their lives as independently and fully as possible through projects like this," Finance Minister and Member of Parliament Ralph Goodale said on behalf of the Honourable …
  • $63 Million More for Affordable Housing in Alberta
    CALGARY, Alberta, August 15, 2005 — The Government of Canada and the Government of Alberta have signed Phase II of the Canada-Alberta Affordable Housing Program Agreement, which will commit at least $63 million over the next two years to increase the supply of affordable housing in the province. The agreement was signed by the Honourable Joe Fontana, Minister of Labour and Housing, and …
  • Eight New Affordable Housing Units in Saint-Donat
    SAINT-DONAT, Québec, August 16, 2005 — Lower-income families now have more affordable housing options with the construction of Habitations Bellevue comprising of eight units located at 463 and 475 Bellevue Street, in Saint-Donat. This announcement was made today by the Honourable Lucienne Robillard, President of the Queen's Privy Council for Canada and Minister of Intergovernmental …
  • First Northern Assisted Living Units Break Ground in Burns Lake
    BURNS LAKES, British Columbia, August 16, 2005 — A new $4 million housing development to provide 17 assisted living units for seniors started construction today at the official groundbreaking ceremony at the Lakes District Senior Citizens Housing Association's assisted living project. This project is funded in part under the Canada-British Columbia Affordable Housing Agreement. "The …
  • Citizens Bank partners with Marlborough Stirling to enhance mortgage broker ...
    August 16, 2005 – Vancouver based Citizens Bank of Canada has become the latest lender to begin accepting and underwriting mortgage applications using MorWEB, Marlborough Stirling’s mortgage origination system for brokers and lenders. The Broker Services division of Citizens Bank has 25 years of experience working with brokers, providing mortgages for properties in select areas of …
  • Minister Fontana Announces the Creation of CMHC Northern Housing
    OTTAWA, Ontario, August 17, 2005 — The Honourable Joe Fontana, Minister of Labour and Housing, while traveling in Nunavut, announced today the creation of Canada Mortgage and Housing Corporation (CMHC) Northern Housing. In order to better serve its partners, clients and stakeholders in the North, CMHC has centralized support to the three northern territories through its regional office …
  • Minister Fontana Announces the Creation of CMHC Northern Housing
    OTTAWA, Ontario, August 17, 2005 — The Honourable Joe Fontana, Minister of Labour and Housing, while traveling in Nunavut, announced today the creation of Canada Mortgage and Housing Corporation (CMHC) Northern Housing. In order to better serve its partners, clients and stakeholders in the North, CMHC has centralized support to the three northern territories through its regional office …
  • Shelter Construction Signals Hope for Victims of Violence
    NIAGARA FALLS, Ontario, August 17, 2005 — Women and their children who are fleeing family violence will soon have a brand new shelter to seek safety and assistance. The foundation was poured this week marking the start of construction of Nova House. Operating under the umbrella of the Women's Place of South Niagara Inc., the shelter will offer 20 emergency beds for women and their …
  • 25 Assisted Living Homes to be Built in Lake Country
    LAKE COUNTRY, British Columbia, August 19, 2005 — Seniors in Lake Country will soon have 25 units of assisted living to call home when construction is completed on the new Lake Country Senior Housing Society assisted living development. A groundbreaking ceremony was held today at the Blue Heron Villa site on Main Street. "The development of this project will allow seniors in the Lake …
  • Wessex Place Launches Homeownership Program
    REGINA, Saskatchewan, August 23, 2005 — The grand opening of an affordable housing project in Regina is providing families with the opportunity to realize the dream of homeownership. The opening of Wessex Place also marks the launch of the Homeownership Option of the HomeFirst Centenary Affordable Housing Program. Wessex Place is a 36-unit project on the east-side of Regina. Twelve …
  • Dedication of Ron Basford Park at Granville Island
    GRANVILLE ISLAND, British Columbia, August 26, 2005 — In recognition of his vision for transforming industrial land located in the heart of Vancouver into the bustling community of Granville Island, a park was dedicated today in memory of the late Honourable Ron Basford, Vancouver Centre's first elected Member of Parliament. The dedication was made by the Honourable Hedy Fry, PC, MP for …
  • New Affordable Housing Units for Seniors in Woodlands
    WOODLANDS, Manitoba, August 27, 2005 - Low to moderate income seniors in the town of Woodlands will soon benefit from the construction of an affordable housing project. Ten units of this 12-unit apartment development are being supported with $300,000 in funding from the Canada-Manitoba Affordable Housing Initiative (AHI). Reg Alcock, Minister responsible for the Canadian Wheat Board and …
  • Site Visit 18 New Affordable Housing Units in Coaticook
    COATICOOK, Québec, August 29, 2005 — Lower-income families now have more affordable housing options thanks to the construction of the Coopérative d'habitation des Pins. The two buildings, with a total of 18 units, are located on Child Street, in Coaticook. This announcement was made today by the Honourable Jacques Saada, Minister of the Economic Development Agency of …
  • Inauguration — 16 New Social and Community Housing Units in ...
    QUÉBEC CITY, Québec, August 29, 2005 — People with mental illness now have more options thanks to the conversion of a building in the borough of Limoilou, in Québec City, called Résidence Saint-Pascal, the project consists of 13 rooms and three bachelor apartments. This announcement was made today by the Honourable Claude Drouin, Parliamentary Secretary to …
  • $402 Million for Affordable Housing Allocated to Communities in Ontario
    TORONTO, Ontario, August 31, 2005 — The Governments of Canada and Ontario have allocated $402 million to municipalities as a first wave of funding under the new $602 million Canada-Ontario Affordable Housing Program. This allocation will produce 5,320 new units of affordable housing, and provide rent subsidies for up to 5,000 lower-income households. The announcement was made today by …
  • Opening of 108 New Affordable Housing Units in Lévis
    LÉVIS, Québec, August 31, 2005 — Quebec Premier Jean Charest proceeded today with the opening of two residential projects comprising a total of 108 affordable housing units, in Lévis. The Honourable Claude Drouin, Parliamentary Secretary to the Prime Minister with special emphasis on Rural Communities and MP for Beauce; Carole Théberge, Minister of Families, …
  • FSCO's New Website Makes It Easier to Get the Facts
    TORONTO, Ontario, August 31, 2005 — The Financial Services Commission of Ontario (FSCO) today launched its redesigned website at www.fsco.gov.on.ca . The improved website makes it easier for consumers to get the facts about auto insurance, insurance, pensions and other financial services. "This initiative supports FSCO’s commitment to increase and enhance the delivery of services …

 

 
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