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December 2006 National Archive

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Mortgage News & Press Releases - December 2006

  • CMHC 60th Anniversary Celebration Raises Funds for Local Shelter
    TORONTO, Ontario, December 01, 2006 — CMHC raised over $5,500 today through a gingerbread house build fundraising competition organized by Canada Mortgage and Housing Corporation (CMHC) to benefit the Salvation Army’s Florence Booth House. These funds were raised as part of an event marking CMHC’s 60th year of helping to house Canadians. "Canada Mortgage and Housing …
  • Bank of Canada keeps target for the overnight rate at 4 1/4 per cent
    OTTAWA, Ontario, December 5, 2006 — The Bank of Canada today announced that it is maintaining its target for the overnight rate at 4 1/4 per cent. The operating band for the overnight rate is unchanged, and the Bank Rate remains at 4 1/2 per cent. The Bank's outlook for Canadian economic growth and inflation in 2007-2008 is essentially unchanged from that set out in the October Monetary …
  • CMHC 60th Anniversary Celebration Raises Funds for Battered Women's Support ...
    VANCOUVER, British Columbia, December 07, 2006 — A total of $5,825.00 was raised yesterday through a bird house build fundraising competition organized by Canada Mortgage and Housing Corporation (CMHC) to benefit Battered Women's Support Services. These funds were raised as part of an event marking CMHC's 60 th year of helping to house Canadians. "Canada Mortgage and Housing …
  • Housing Starts Inch Up in November
    VANCOUVER, British Columbia, December 07, 2006 — The seasonally adjusted annual rate 1 of housing starts increased marginally to 225,000 units in November, from 223,200 units in October, according to Canada Mortgage and Housing Corporation (CMHC). “The slight up-tick in new home starts in November can be attributed to expansion in the volatile multiples segment, which offset the …
  • New Seniors Housing in Batchewana First Nation
    SAULT STE. MARIE, Ontario, December 07, 2006 — Batchewana Nation were joined by community members to celebrate a ribbon-cutting ceremony to officially open the Batchewana First Nation Elders Complex that will feature 6 one-bedroom and 4 two-bedroom apartments for senior band members. The new units were made possible thanks in part to a Canada Mortgage and Housing Corporation (CMHC) …
  • New Affordable Housing Project Officially Opens in Peterborough
    PETERBOROUGH, Ontario, December 08, 2006 — The Government of Canada, the Government of Ontario and the City of Peterborough held a ribbon-cutting ceremony today to mark the official opening of the Woollen Mill, a conversion project that provides 50 affordable rental units for individuals, families and seniors under the Canada – Ontario Affordable Housing Program. Peterborough …
  • Official Opening of Rawlins Cross Development
    ST. JOHN'S, Newfoundland & Labrador, December 08, 2006 — Today marked the official opening of the new Rawlins Cross Development. Built at a cost of over $1.6 million, the Rawlins Cross Development, formerly known as the W. J. Murphy premises, offers a unique combination of six supportive housing units along with employment and other supports to a population that faces significant …
  • New Seniors Housing Project Opens in Regina
    REGINA, Saskatchewan, December 08, 2006 — There is more affordable housing for seniors in Regina, thanks to a federal, provincial and municipal funding partnership. Highland Manor, a 50-unit facility for low to moderate-income seniors, was officially opened today. "Seniors in Regina now have more access to quality, affordable housing that will allow them to continue to live in their …
  • CMHC and Habitat for Humanity Team Up for their Fifth Annual Charity ...
    OTTAWA, Ontario, December 09, 2006 — More than 30 unique gingerbread houses created by local students, businesses and bakeries are on display at Canada Mortgage and Housing Corporation's (CMHC) National Office as part of the fifth annual CMHC – Habitat for Humanity Home for the Holidays charity gingerbread house competition. The design competition, a joint partnership between CMHC …
  • CMHC Releases Comprehensive Report on the State of Canada’s Housing
    OTTAWA, Ontario, December 11, 2006 — A review of six decades of housing progress reveals significant improvements in housing conditions in Canada, according to the Canadian Housing Observer 2006 released today by Canada Mortgage and Housing Corporation (CMHC). Whether measured in terms of the improved features and physical condition of their homes, or increased rates of homeownership, …
  • National Rental Vacancy Rate Inches Down to 2.6 Per Cent
    TORONTO, Ontario, December 14, 2006 — The average rental apartment vacancy rate in Canada's 28 major centres 1 decreased slightly by 0.1 of a percentage point to 2.6 per cent in October 2006 compared to last year, according to the Rental Market Survey released today by Canada Mortgage and Housing Corporation (CMHC). "Solid job creation and healthy income gains helped to strengthen …
  • New Nova House Shelter Will Help More Women Fleeing Family Violence
    NIAGARA FALLS, Ontario, December 15, 2006 — Women’s Place of South Niagara today celebrated the opening of their new, larger Nova House shelter. Nova House provides a safe environment and services for women in crisis as a result of family violence and abuse. Operating under the umbrella of the Women’s Place of South Niagara Inc., the expanded shelter offers 20 emergency beds …
  • Launch of New Affordable Housing in Grand Bay – Westfield
    GRAND BAY - WESTFIELD, New Brunswick, December 18, 2006 — Seniors in Grand Bay – Westfield will have access to more affordable housing with the construction of a new affordable housing project by River Valley Lions Club. The Honourable Greg Thompson, Minister of Veterans' Affairs and Regional Minister for New Brunswick, on behalf of the Honourable Diane Finley, Minister of Human …
  • Canada's New Government Commits $526 Million to Combat Homelessness and Extend ...
    OTTAWA, Ontario, December 19, 2006 — Today, the Honourable Diane Finley, Minister of Human Resources and Social Development, announced $526 million for the new Homelessness Partnering Strategy (HPS), a strategy aimed at combating homelessness in communities across Canada and extending CMHC's renovation programs. The new Homelessness Partnering Strategy (HPS) will be funded at $270 …
  • Fort St James Assisted Living Homes Open to Seniors
    FORT ST. JAMES, British Columbia, December 19, 2006 — Residents have settled into their new homes at Pioneer Lodge, a two-unit assisted living development for seniors in Fort St. James. "Pioneer Lodge will provide seniors in Fort St. James with the safe, quality housing they deserve," said the Honorable Chuck Strahl, Minister of Agriculture and Agri-food and Minister for the Canadian …
  • New Affordable Housing in Charlottetown
    CHARLOTTETOWN, Prince Edward Island, December 20, 2006 — Two new housing projects will be developed in Charlottetown to provide affordable supportive housing for individuals, including persons with intellectual disabilities. Rob Moore, Parliamentary Secretary to the Minister of Justice and Attorney General of Canada, and Member of Parliament for Fundy Royal, on behalf of the Honourable …
  • 2006: The year of Mortgage Evolution
    TORONTO, Ontario, December 21, 2006 — It was a year of the never-before-seen mortgage – fuelled by rising competition among mortgage lenders, 2006 saw a wave of new mortgage products in Canada including 40-year mortgages, interest-only mortgages, and 100 per cent loan-to-value mortgage financing. And, according to Invis, all of this activity will contribute to a vigorous mortgage …

 

 
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