Canadian Mortgage News

February 2006 National Archive

Mortgage News & Press Releases - February 2006

• Womens Housing Facility Opens in Terrace
  TERRACE, British Columbia, February 2, 2006 — Women and their children fleeing abusive relationships will benefit from a new $1.3-million eight-unit transition house opened today by the Ksan House Society. The project is one of 13 under development as part of the Premier's Task Force on Homelessness, Mental Illness and Addictions. "We know that a key factor in a woman's ability to leave …
  
• Residential Construction Off to a Great Start in 2006
  OTTAWA, Ontario, February 8, 2006 — The seasonally adjusted annual rate 1 of housing starts was 247,900 units in January, up from 232,600 units in December, according to Canada Mortgage and Housing Corporation (CMHC). "The high number of housing starts in January is consistent with the strong level of existing home sales over the latter half of 2005. Single home starts were particularly …
  
• Nearly $30 Million Approved for New Affordable Housing Projects
  CALGARY, Alberta, February 09, 2006 — Albertans in Calgary, Edmonton, Fort McMurray and Drumheller will have access to 278 new affordable housing units, thanks to almost $30 million in funding under phase two of the Canada – Alberta Affordable Housing Program Agreement. “Canada’s New Government is proud to invest in such a significant program with Alberta to provide …
  
• GMAC Residential Funding selects Marlborough Stirling Canada’s Optimus ...
  February 15, 2006 — Marlborough Stirling Canada (MSC) is pleased to announce the signing of a contract with GMAC Residential Funding of Canada (GMAC-RFoC) for the implementation of its Optimus mortgage servicing and securitization application. Under the multi-year agreement, Marlborough Stirling Canada will act as an Application Service Provider to GMAC-RFoC, providing its Optimus …
  
• Affordable Rental Housing Units Opened in West Broadway
  WINNIPEG, Manitoba, February 16, 2006 — Six renovated affordable housing units for lower income residents were officially opened today in West Broadway, at 287 Furby Street. The units were reconstructed from two vacant rooming houses, purchased with the help of $420,000 in funding assistance from the Government of Canada, the Province of Manitoba, and the City of Winnipeg, through the …
  
• MonsterMortgage.ca selects Marlborough Stirling Canada's MorWEB mortgage ...
  February 17, 2006 — Marlborough Stirling Canada, a leading provider of mortgage origination and administration technology services to the Canadian financial services industry, today announced that MonsterMortgage.ca, one of Ontario’s most recognizable and innovative mortgage brokerage firms, has selected MorWEB as its exclusive mortgage origination and application processing …
  
• Mortgage Professionals Welcome Introduction of New Legislation
  TORONTO, Ontario, March 28, 2006 — Ron Swift, AMP, President of the Canadian Institute of Mortgage Brokers and Lenders (CIMBL) says he welcomes the new Mortgage Brokerages, Lenders and Administrators Act tabled today by Ontario’s Finance Minister, Dwight Duncan. “The current Act has not changed for nearly 30 years, while the mortgage industry has grown enormously in size and …
  
• Aboriginal Seniors’ Rental Housing Opens in Lloydminster
  LLOYDMINSTER, Saskatchewan, February 24, 2006 — A rental housing complex for Aboriginal seniors officially opened today in Lloydminster, thanks to federal and provincial funding totalling $300,000. The project was undertaken by the Lloydminster Metis Housing Group Inc. and is supported through the Centenary Affordable Housing Program (CAHP), part of the HomeFirst strategy. Elders in the …
  
• CMHC to Insure 30 Year Mortgages on a Pilot Basis
  OTTAWA, Ontario, February 25, 2006 — Canada Mortgage and Housing Corporation (CMHC), working with FirstLine Mortgages, will be offering homeowner mortgage loans amortized up to 30 years as part of a pilot project to improve access to home ownership and choice for Canadians. "The availability of extended amortization periods will improve access to home ownership for Canadians by lowering …