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December 2005 National Archive

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Mortgage News & Press Releases - December 2005

  • New Affordable Housing for Seniors in DTES
    VANCOUVER, British Columbia, December 2, 2005 — Seniors in Vancouver's Downtown Eastside (DTES) will benefit from more housing options with the new Katherine Sanford Housing Society development at 475 East Hastings, which celebrated its official opening today. The new development, called the Smith-Yuen apartments, is a partnership between several levels of government. It will provide …
  • CMHC and Habitat for Humanity Hold Fourth Annual Gingerbread House Competition
    OTTAWA, Ontario, December 2, 2005 — Stroll through a gingerbread village this weekend and support Habitat for Humanity! Over 100 unique gingerbread houses, created by local schools, businesses and bakeries will be on display for the public at Canada Mortgage and Housing Corporation's (CMHC) National Office on Montreal road, during the fourth annual CMHC – Habitat for Humanity Home …
  • 2006 CMHC Housing Awards Launched
    OTTAWA, Ontario, December 5, 2005 — The President of Canada Mortgage and Housing Corporation (CMHC) Karen Kinsley announced today the launch of the 2006 CMHC Housing Awards Program (HAP), to recognize best practices in Affordable Housing. "The 2006 CMHC Housing Awards is an excellent opportunity for Canadian individuals and groups committed to creating affordable housing to showcase …
  • Bank of Canada raises overnight rate target by 1/4 percentage point to 3 1/4 ...
    OTTAWA, Ontario, December 6, 2005 — The Bank of Canada today announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 3 1/4 per cent. The operating band for the overnight rate is correspondingly increased, and the Bank Rate is now 3 1/2 per cent. Information received since the October Monetary Policy Report (MPR) indicates that the …
  • CMHC Releases 2005 Report on the State of Canada's Housing
    OTTAWA, Ontario, December 7, 2005 — Housing continued to be one of the fastest growing sectors of the economy in 2004, supported by high levels of new construction, renovation and sales of existing homes according to the latest edition of the Canadian Housing Observer. The third edition of the Observer, an annual review of the state of Canada's housing, was released today by Canada …
  • Housing Starts Recover in November
    OTTAWA, Ontario, December 8, 2005 — The seasonally adjusted annual rate 1 of housing starts was 222,100 units in November, up from 206,800 units in October, according to Canada Mortgage and Housing Corporation (CMHC). "New residential construction activity displayed resilience in November, regaining most of the territory lost the previous month. Strong employment and income gains, …
  • Governor Dodge Reviews Canada's Inflation-Targeting Framework
    REGINA, Saskatchewan, 12 December, 2005 —In a speech to the Regina Chamber of Commerce, Bank of Canada Governor David Dodge said that Canada's economic record over the past 15 years demonstrates the value of focusing monetary policy on keeping inflation low, stable, and predictable. "It is the best means of fulfilling our commitment to promote the economic and financial welfare of …
  • Queen's University Professors Winners of CMHC 2005 Excellence in Education Award
    KINGSTON, Ontario, December 14, 2005 — Canada Mortgage and Housing Corporation (CMHC) presented today Dr. Steve Harrison and Dr. Gary vanLoon with the CMHC Excellence in Education Award for Promotion of Sustainable Practices. Both were honoured for their contributions to sustainability education. CMHC recognized Dr. Harrison for his efforts in working with students to develop and …
  • National Rental Vacancy Rate Stabilizes at 2.7 per Cent
    OTTAWA, Ontario, December 15, 2005 — The average rental apartment vacancy rate in Canada's 28 major centres 1 was unchanged at 2.7 per cent in October 2005 compared to last year, according to the Rental Market Survey released today by Canada Mortgage and Housing Corporation (CMHC). This follows three consecutive increases in the vacancy rate over the 2002 to 2004 period. The vacancy rate …
  • Federal Government Funds Repairs to Affordable Seniors Housing
    SICAMOUS, British Columbia, December 16, 2005 — The completion of renovations to Eagle Valley Haven, an affordable housing development in Sicamous, was announced today by the Eagle Valley Senior Citizens Housing Society, and Nelson Merizzi, CMHC's General Manager for the BC Region. Canada Mortgage and Housing Corporation (CMHC) provided funding of $138,923 through its Residential …


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Mortgage Type Inquiries
First-time Buyer15.30%
No Money Down12.06%
Variable Rate1.56%
Equity Mortgage1.45%
Last Tally: Apr 10 at 04:15:07
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