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February 2005 National Archive

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Mortgage News & Press Releases - February 2005

  • Official Opening of Les Habitations Solid'Aires
    BLAINVILLE, Québec, February 1, 2005 — Low-income families now have more affordable housing options thanks to the construction of 32 new housing units on Curé-Labelle Boulevard in Blainville. This announcement was made today by the Honourable Liza Frulla, Minister of Canadian Heritage and Minister responsible for Status of Women, on behalf of the Honourable Joe Fontana, …
  • Starts to Stay Above 200,000 Through 2006
    OTTAWA, Ontario, February 3, 2005 — Residential construction will moderate from 2004's 17-year high of 233,431 units to reach 216,300 starts this year, according to Canada Mortgage and Housing Corporation's (CMHC) first quarter Housing Market Outlook, Canada Edition report. Residential construction will continue to ease in 2006 with national housing starts dipping 7.0 per cent to 201,100 …
  • New Affordable Seniors' Housing Breaks Ground in Westbank
    KELOWNA, British Columbia, February 4, 2005 — Groundbreaking for the construction of a 40-unit assisted living development to benefit lower income seniors in need of affordable housing took place today. Operated by the Westbank Lions Seniors Housing Society, the new development will provide affordable apartments and support services for seniors. "Today's announcement is about helping …
  • Canadian Housing Exporters Benefit from Doing Business in Massachusetts
    BOSTON, Québec, February 8, 2005 — Massachusetts remains such a viable market for Canadian housing exporters that CMHC International, a division of Canada Mortgage and Housing Corporation (CMHC) has embarked upon its 5th commercial mission to the region in just over two years. Beginning today, Destination Massachusetts 2005 will bring a delegation of 8 Canadian companies (6 from …
  • New Home Construction off to a Strong Start in 2005
    OTTAWA, Ontario, February 8, 2005 — The seasonally adjusted annual rate 1 of housing starts was 203,700 in January, down from 236,300 in December, according to Canada Mortgage and Housing Corporation (CMHC). "Despite the decrease in housing starts in January, the level of activity remains strong and the seasonally adjusted annual rate of starts is higher than it was in January 2004," …
  • MorWEB goes live with Canadian lenders
    February 10, 2005 - Bill Pitkin, President and CEO of Marlborough Stirling Canada is pleased to announce that MorWEB - the mortgage broker origination technology of today and the future - is now live and transmitting deals to a "first wave" of Canadian mortgage lenders. MorWEB is a web-based origination solution designed to increase the productivity and efficiency of mortgage brokers and …
  • $6.7 Million Allocated for Affordable Housing in Toronto
    TORONTO, Ontario, February 14, 2005 — The Government of Canada, the Government of Ontario, the City of Toronto along with Verdiroc Development Corporation, held a sod-turning ceremony today to mark the start of construction of 232 apartments of affordable housing in Toronto. The project, located near Sheppard Avenue and Don Mills Road, is sponsored by Verdiroc Development Corporation, …
  • Province Increases Funding for Affordable Housing
    TORONTO, Ontario, February 14, 2005 — The Ontario government has offered to double its funding for some units being built under the Affordable Housing Program, and will provide up to $100,000 in developmental funds to assist approved non-profit groups to pay for pre-construction costs. "The McGuinty government is committed to gradually match federal funding for the Affordable Housing …
  • Government of Canada contributes close to $360,000 to address homelessness in ...
    NELSON, British Columbia, February 16, 2005 — The Honourable David L. Emerson, Minister of Industry and Co-Senior Minister Responsible for British Columbia, on behalf of the Honourable Joe Fontana, Minister of Labour and Housing, today announced Government of Canada funding of $359,880 for four projects that will address homelessness and housing in Nelson. The funding for these projects …
  • Inauguration of Résidence Vents-et-Marées
    SEPT-ÎLES, Québec, February 25, 2005 — Seniors now have more affordable housing options thanks to the construction of 40 new housing units on Brochu Street, in Sept-Îles. The Résidence Vents-et-Marées required investments of more than $4.6 million thanks to the participation of public, private, and community partners. This announcement was made today by …
  • New Rental Housing in Whitefish River First Nation
    BIRCH ISLAND, Ontario, February 28, 2005 — Whitefish River First Nation held true to their slogan of "A Place of Visions and Dreams" today, as Elder Violet McGregor and Chief Franklin Paibomsai were joined by the community to celebrate a ribbon-cutting ceremony to officially open two triplex buildings that will be the brand new home to six band members in need of housing. Known as the …


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