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January 2005 National Archive

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Mortgage News & Press Releases - January 2005

  • Five Affordable Housing Projects Receive $19.6 Million in New Funding
    EDMONTON, Alberta, January 7, 2005 — Approximately $19.6 million in federal and provincial funds will be allocated to five affordable housing projects and will create 432 affordable housing units in Calgary, Edmonton, Fort McMurray, Stony Plain, and Villeneuve. The funding will be allocated to projects funded under the Canada-Alberta Affordable Housing Program. The announcement was made …
  • New Affordable Housing Available in Meadow Lake
    MEADOW LAKE, Saskatchewan, January 7, 2005 — Today the Town of Meadow Lake celebrated the grand opening of the new Martin Gran Affordable Housing Project, featuring 12 new rental apartments for low-income families. The total cost for the project is $590,000, of which $216,000 is provided through a forgivable loan by the Residential Rehabilitation Assistance Program (RRAP). This strategy …
  • 2004 Housing Starts Post 17 Year High
    OTTAWA, Ontario, January 11, 2005 — The seasonally adjusted annual rate 1 of housing starts was 234,400 in December, down from 242,600 in November, according to Canada Mortgage and Housing Corporation (CMHC). New construction finished 2004 on a strong note, however, sales of existing homes through MLS ® have been trending lower since March 2004. This trend supports our view that the …
  • Local Landmark Now Provides Affordable Housing
    ROCKY MOUNTAIN HOUSE, Alberta, January 13, 2005 — Through a complex renovation and conversion project, the Old Post Office building will deliver affordable housing to Rocky Mountain House. The Old Post Office has been divided into seven affordable units, creating two family and five single barrier free suites. The main floor of the building will also accommodate office space for five …
  • Inauguration 44 New Affordable Housing Units for Families in Gatineau
    GATINEAU, Québec, January 14, 2005 — Families in Gatineau will soon have more affordable housing options thanks to the construction of 44 new housing units on De l'Hôpital Boulevard. This new $4.3 million construction development was completed thanks to the participation of public and private partners. This announcement was made today by Françoise Boivin, MP for …
  • Site Visit 9 New Affordable Housing Units for Seniors in Saint-Fabien-de-Panet
    SAINT-FABIEN-DE-PANET, Québec, January 17, 2005 — Seniors will soon have more affordable housing options thanks to the construction of nine new housing units on Du Foyer Street, in Saint-Fabien-de-Panet. This new $790,000 construction project will be developed thanks to the participation of public, private, and community partners. The inauguration of the Habitations Panet project …
  • Inauguration of the Manoir Rose-Marquis
    DÉGELIS, Québec, January 17, 2005 — Seniors now have more affordable housing options thanks to the construction of 17 new housing units on Principale Avenue, in Dégelis. The Manoir Rose-Marquis received investments of more than $1.7 million thanks to the participation of public, private and community partners. This announcement was made today by the Honourable …
  • 2003 GTA Land Supply Tighter but still on Target
    TORONTO, Ontario, January 18, 2005 — The duration of land supply in the GTA has gotten tighter but is still in line with provincial targets, according to the 2003 GTA Residential Land Survey. While the overall supply of draft approved residential lots rose sharply, the absorption of residential lots remained strong. Jointly released by the Canada Mortgage and Housing Corporation (CMHC) …
  • Seniors will Benefit from Assisted Living Development
    KEREMEOS, British Columbia, JANUARY 18, 2005 — Lower-income seniors will soon have access to affordable housing, with the construction of a 14-unit assisted living development in Keremeos. Today was the official groundbreaking ceremony for the South Similkameen Assisted Living Project. It will provide affordable apartments and support services for seniors and includes one two-bedroom …
  • New Assisted Living Development will Complete Campus of Care
    WHITE ROCK, British Columbia, January 20, 2005 — A groundbreaking ceremony for Evergreen Heights, a new affordable assisted living development for seniors, was held today in White Rock. The new development will provide 84 assisted-living apartments for seniors under the Independent Living BC (ILBC) program, an innovative housing-for-health program that meets the needs of lower income …
  • Government Officials Announce More Funding for Affordable Housing
    REGINA, Saskatchewan, January 20, 2005 — The federal and provincial government today announced an additional $20 million has been allocated to create more affordable housing for Saskatchewan residents who need it the most. The announcement was made at the signing of Phase II of the Canada-Saskatchewan Affordable Housing Agreement by the Honourable Joe Fontana, Minster of Labour and …
  • Over $3.2 Million Announced to Address Homelessness in Saskatchewan
    REGINA, Saskatchewan, January 20, 2005 — The Government of Canada is investing over $3.2 million to support 25 projects to prevent and alleviate homelessness in eight Saskatchewan communities. The Honourable Joe Fontana, Minister of Labour and Housing today announced National Homelessness Initiative (NHI) funding for projects in Saskatchewan's three designated cities, Regina, Saskatoon, …
  • Agreement provides funding for 160 new social housing units in 25 Nunavut ...
    IQALUIT, Nunavut, JANUARY 20, 2005 — - A joint $40 million contribution agreement signed by the Governments of Canada and Nunavut today will mean improvements to the living conditions of hundreds of people in Nunavut communities. The Honourable John Godfrey, Minister of State (Infrastructure and Communities), the Honourable Peter Kilabuk, Minister of Community and Government Services …
  • Women's Community House Opens New Shelter
    LONDON, Ontario, January 21, 2005 — The Women's Community House opened a unique new shelter today. The 27-bed residential facility offers residents three self-contained areas that enable women and their children to live more independently, as opposed to the bedrooms traditionally found in shelters. The federal commitment of $225,000 to the shelter was made through Canada Mortgage and …
  • The Salvation Army Centre of Hope Celebrates Official Opening
    LONDON, Ontario, January 21, 2005 — The Government of Canada, the Government of Ontario, and the City of London celebrated the official opening of The Salvation Army Centre of Hope today. The opening was part of $3.18 million in funding allocated to five housing projects that will create 147 new affordable housing units in London under the Canada-Ontario Affordable Housing Program. The …
  • Rejuvenated Affordable Housing and New Daycare Open in Prince Albert
    PRINCE ALBERT, Saskatchewan, January 24, 2005 — Two renovated and rejuvenated apartment buildings, offering both affordable housing and daycare services, were officially opened in Prince Albert today. Funded by the governments of Canada, Saskatchewan, and Prince Albert, the Cedar Brook Apartment complex is located at 1621 and 1631, 15 th Street West. It features 34 lower-income …
  • Bank of Canada keeps target for the overnight rate at 2 1/2 per cent
    OTTAWA, Ontario, 25 January 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. The Canadian economy continues to adjust to major global developments. Recent data suggest that Canada's economic growth in the fourth quarter …
  • Bank of Canada releases Monetary Policy Report Update
    OTTAWA, Ontario, 27 January 2005 — The Bank of Canada today released its Update to the October Monetary Policy Report . The Update discusses current economic and financial trends in the context of Canada's inflation-control strategy. The outlook for the Canadian economy continues to be shaped by global developments, including the realignment of world currencies. The near-term outlook …
  • $324,000 Allocated for Affordable Housing in Simcoe County
    SIMCOE COUNTY, Ontario, January 28, 2005 — The Government of Canada and the Government of Ontario today allocated more than $324,000 to help fund a pilot project that will create 12 units of affordable housing for lower-income households in Simcoe County. The announcement was made by the Honourable Paul DeVillers, Member of Parliament for Simcoe North, on behalf of the Honourable Joe …
  • $891,000 Allocated for Affordable Housing in Simcoe County
    SIMCOE COUNTY, Ontario, January 28, 2005 — The Government of Canada and the Government of Ontario today allocated more than $891,000 to help fund the pilot project that will create 33 units of affordable housing for lower-income households in Simcoe County. The announcement was made by the Honourable Andy Mitchell, Minister of Agriculture and Agri-Food, on behalf of the Honourable Joe …
  • Yukon to Benefit from New Affordable Housing Initiative
    WHITEHORSE, Yukon, January 28, 2005 — Individuals, private-sector firms, and not-for-profit organizations are invited to apply for funding assistance under a new Affordable Housing Program initiative launched today by the Government of Canada and the Government of Yukon. Up to 64 new affordable housing units could potentially be built with the $830,000 in funding support allocated to this …

 

 
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