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June 2006 National Archive

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Mortgage News & Press Releases - June 2006

  • G. Brar, Mortgage Consultant & Associates choose MorWEB
    June 1, 2006 — Marlborough Stirling Canada (MSC) is pleased to announce that G. Brar, Mortgage Consultant & Associates have selected MorWEB as their preferred system for mortgage origination and customer management. MorWEB is Marlborough Stirling Canada's mortgage broker origination technology, designed to streamline the application process between brokers and lenders. Gurdeep Brar, …
  • Affordable Housing Seniors Project Opens in Hamilton
    HAMILTON, Ontario, June 2, 2006 — The Government of Canada, the Government of Ontario, and the City of Hamilton held a ribbon-cutting ceremony today to mark the official opening of the Taras Shevchenko Homes for the Aged. The project will create 24 units of affordable housing for seniors in the City of Hamilton under the Canada — Ontario Affordable Housing Program. MPP for Stoney …
  • Affordable Seniors Housing for North Vancouver
    NORTH VANCOUVER, British Columbia, June 2, 2006 — A new $4.9 million seniors' housing development in North Vancouver officially broke ground today with federal, provincial, and local partners on hand for the announcement. "Canada's new government is committed to working with our partners to create affordable housing for seniors in Vancouver." said the Honourable Chuck Strahl, Minister …
  • Affordable Housing Project Announced for Ste. Anne
    STE. ANNE, Manitoba, June 2, 2006 — Lower income Manitobans and those with mental health care needs in the Ste. Anne area will soon benefit from the construction of a new affordable housing project. The project is being supported with $1.4 million from the Canada — Manitoba Affordable Housing Initiative (AHI). The Honourable Vic Toews, Minister of Justice, on behalf of the …
  • Ste. Anne Avenue Residence Celebrates Official Opening
    OTTAWA, Ontario, June 2, 2006 — The Government of Canada, the Government of Ontario, and the City of Ottawa today celebrated the official opening of the Ste. Anne Avenue Residence, a project that will provide 26 units of affordable, transitional housing in Ottawa under the Canada — Ontario Affordable Housing Program. The Honourable Madeleine Meilleur, Minister of Community and …
  • New Assisted Living Units for Seniors in Fort St. John
    FORT ST. JOHN, British Columbia, June 3, 2006 — Heritage Manor II, a $5.8 million development that will provide assisted-living units for Fort St. John seniors, was announced today by federal, provincial and local partners at a groundbreaking ceremony. "The Government of Canada is pleased to work with our partners to provide seniors in B.C. with better housing in their community, and to …
  • Housing Starts Down Marginally in May
    OTTAWA, Ontario, June 8, 2006 — The seasonally adjusted annual rate of housing starts was 216,800 units in May, down marginally from 217,900 units in April, according to Canada Mortgage and Housing Corporation (CMHC). "Housing starts last month were nearly unchanged from their April level," said Bob Dugan, Chief Economist at CMHC's Market Analysis Centre. "May marks the fourth …
  • Private lender Moskowitz Capital signs on to MorWEB
    June 8, 2006 — Marlborough Stirling Canada (MSC) is pleased to confirm the addition of private lender Moskowitz Capital Management Inc. to the list of available choices for mortgage brokers using the MorWEB mortgage origination system. Moskowitz Capital is an alternative first mortgage lender providing small commercial, construction, term and bridge mortgages within Ontario and Atlantic …
  • Canadian REALTORS® Sponsor Session on Aboriginal Housing at World Urban ...
    OTTAWA, Ontario, June 09, 2006 — The Canadian Real Estate Association, in cooperation with the International Housing Coalition, is presenting a Networking Event on Tuesday, June 20th as part of the World Urban Forum III. Aboriginal Housing in Canada: Building on Promising Practices
  • International Housing Coalition to Sponsor 12 Sessions at World Urban Forum III
    OTTAWA, Ontario, June 09, 2006 — The International Housing Coalition is sponsoring 12 networking sessions on the world housing crisis during the upcoming World Urban Forum III in Vancouver June 19-23, 2006. Developed in conjunction with some 11 national and international organizations, these sessions will present important worldwide experience and recommend policies to improve housing in …
  • New Seniors Housing Complex Under Way in Edmonton
    EDMONTON, Alberta, June 10, 2006 — Centre de santé Saint-Thomas Health Centre held a site blessing and unveiled a model for their almost $25 million seniors' housing complex, that will contain 200 housing units. The new housing facility is located at 9040 - 84th Avenue. Construction started earlier this spring and is expected to be completed in the fall of 2007. The centre has …
  • Affordable Apartments Repaired with Federal Funding
    NANAIMO, British Columbia, June 12, 2006 — The completion of renovations to Willow Grove Estates, an affordable housing development in Nanaimo, was announced today by the Honourable Chuck Strahl, Minister of Agriculture and Agri-Food and Minister Responsible for the Canadian Wheat Board, on behalf of the Honourable Diane Finley, Minister of Human Resources and Social Development, and on …
  • New Starts for Women Unveils Shelter Renovations
    RED LAKE, Ontario, June 12, 2006 — New Starts for Women celebrated the unveiling of renovations to its shelter today. The 10-bed shelter provides a safe environment and services for women and children who are victims of violence. The federal government provided $86,914 through Canada Mortgage and Housing Corporation's (CMHC) Shelter Enhancement Program to renovate and upgrade the …
  • Our Place Breaks Ground in Victoria
    VICTORIA, British Columbia, June 12, 2006 — Construction is underway for Our Place, a new $14 million development aimed at helping Victoria's homeless and adults in crisis. Representatives from all three levels of government and local partners were on site today in Victoria to celebrate the progress. The new five-storey complex will provide 45 transitional housing units, meal service …
  • Affordable Housing Project Begins Construction
    TORONTO, Ontario, June 13, 2006 — The Government of Canada, the Government of Ontario and the City of Toronto held a sod turning ceremony today to mark the start of construction on a project that will create 68 units of affordable housing in Toronto under the Canada – Ontario Affordable Housing Program. Donna Cansfield, MPP for Etobicoke Centre, on behalf of the Honourable John …
  • Approved Mortgage Inc. chooses MorWEB
    June 15, 2006 — Marlborough Stirling Canada (MSC) is pleased to announce that Approved Mortgage Inc. have selected MorWEB as their preferred system for mortgage origination and customer management. Approved Mortgage - a respected mortgage brokerage firm based in Calgary, Alberta - will use MorWEB for all aspects of mortgage origination, from a client's initial inquiry through to …
  • $31 Million Approved for Affordable Housing Projects in Alberta
    EDMONTON, Alberta June 16, 2006 — Low-to-moderate income Albertans in 23 communities will have access to 580 new affordable housing units thanks to a $31 million federal-provincial investment. The funding has been provided through phase one of the Canada – Alberta Affordable Housing Program and its Sustainable Remote Housing Initiative. The announcement was made by the Honourable …
  • New Affordable Housing Complex Announced for The Pas
    THE PAS, Manitoba, June 16, 2006 — A new 39-unit apartment complex in The Pas will create quality, affordable housing for seniors, people with disabilities and students in Manitoba. The project received support of $1.95 million under the Canada – Manitoba Affordable Housing Initiative (AHI). The Honourable Diane Finley, Minister of Human Resources and Social Development; and the …
  • Public and Private Sector Join to Launch Affordable Ownership Housing Project
    OTTAWA, Ontario, June 16, 2006 — The Government of Canada, the Government of Ontario, the City of Ottawa, the Anglican Church of St. John the Evangelist, the Multifaith Housing Initiative and Teron Inc., a private sector development company, held a ceremony today to launch a new model of affordable housing, combining ownership and rental apartments. The project, Somerset Gardens, at 138 …
  • Robert J. Smith Apartments Celebrate Official Opening of New Seniors Residence
    TORONTO, Ontario, June 16, 2006 — The Government of Canada, the Government of Ontario, and the City of Toronto today celebrated the official opening of 111 Kendleton Drive at Robert J. Smith Apartments, a project that creates 58-units affordable housing for seniors in the City of Toronto under the Canada – Ontario Affordable Housing Program. Dr. Shafiq Qaadri, MPP for Etobicoke …
  • New Affordable Housing Project for Seniors in Edmonton
    EDMONTON, Alberta, June 18, 2006 — Seniors in northern Edmonton will soon benefit from a new 130-unit housing project, which includes 50 units of affordable housing, located on 127 th Street and 148 th Avenue. A special stone laying ceremony was held today to celebrate the start of construction of the Tuoi Hac Manor. "Canada’s new government is committed to working with our …
  • Canada - B.C. Social Housing Agreement Signed
    OTTAWA, Ontario, June 19, 2006 — The Honourable Diane Finley, Minister of Human Resources and Social Development, on behalf of the Government of Canada, and the Honourable Rich Coleman, B.C. Minister responsible for Housing, announced an agreement to transfer the administration of social housing resources from the Government of Canada to the Government of British Columbia. "Canada's new …
  • Opening - 50 New Affordable Housing Units in Saint-Tite
    SAINT-TITE, Quebec, June 20, 2006 — Seniors who are independent or have slightly limited mobility now have more affordable housing options thanks to the construction of a 50-unit annex to the Résidence LM, on Francœur Street, in Saint-Tite. Out of this number, 47 units are subsidized under the private component of the Affordable Housing Québec program. This …
  • 76 New Assisted Living Homes for Kamloops Seniors
    KAMLOOPS, British Columbia, June 23, 2006 — The official opening of Bedford Manor, a new $9.7 million development that provides affordable apartments and support services for seniors, was celebrated today by federal, provincial and community funding partners at an official ceremony. "This project demonstrates the commitment of Canada's new Government to providing housing solutions for …
  • New Capital Drives Growth at GMAC Residential Funding
    TORONTO, Ontario, June 23, 2006 — Residential Funding of Canada Finance ULC, an affiliate of GMAC Residential Funding of Canada, Limited (RFOC) has raised CDN $250 million through the issue of senior unsecured floating-rate notes due in 2008. This transaction represents the first of its kind in Canada by RFOC, a leading alternative mortgage lender in the Canadian market, along with its …
  • Breaking Ground for New Opportunities in Millican-Ogden
    CALGARY, Alberta, June 26, 2006 — A $13.2 million, 60-unit affordable housing development in Millican-Ogden, a community located in southeastern Calgary, took an important step forward today. The Crestwood Affordable Housing Development will help working families and disabled persons in Calgary access below-market housing, with money remaining to meet other basic quality-of-life …
  • Housing Complex for People with Disabilities Opens
    MOOSE JAW, Saskatchewan, June 26, 2006 — Federal, provincial and community partners gathered in Moose Jaw today to celebrate the official opening of Wakamow Place, a new housing complex for people with cognitive disabilities. The complex received funding from all three levels of government totaling $880,000. The project was undertaken by the Moose Jaw Non Profit Housing Corporation and …
  • Camelot and La Capanna Apartments Celebrate Official Opening
    KITCHENER, Ontario, June 27, 2006 — The Government of Canada, the Government of Ontario, and the Region of Waterloo held a plaque dedication ceremony today to celebrate the official opening of Camelot and La Capanna Apartments in the Region of Waterloo, two projects which will create a total of 67 units of affordable housing under the Canada – Ontario Affordable Housing Program. …
  • New CMHC Academic Award Announced
    OTTAWA, Ontario, June 27, 2006 — In celebration of 60 years of helping to house Canadians, Canada Mortgage and Housing Corporation (CMHC) announced a new award today to recognize master's and doctoral students who are studying in fields related to housing. The CMHC Housing Studies Achievement Award will honour academic work that represents an important contribution to the understanding …
  • Supporters of New Women's Shelter Honoured
    GRANDE PRAIRIE, Alberta, June 27, 2006 — Representatives of Odyssey House women's shelter hosted a celebration at Centre 2000 today to unveil a sculpture honoring the donors and supporters who helped make their new $2 million emergency shelter a reality. The facility, which offers a safe haven for women and children who are abused or in crisis, opened in March with 32 beds, with the …
  • Cochrane Affordable Housing Project Opens
    COCHRANE, Alberta, June 28, 2006 — The Cochrane Society for Housing Options held an official ribbon cutting event today to celebrate the official opening of the new HomeStead Affordable Housing Project. The 21 unit project, located at 209-2nd Avenue West, is designed for low-income families, seniors, individuals with special needs and older working adults. The project received over $1 …
  • CMHC Enhances Flexibility and Reduces Monthly Mortgage Costs
    OTTAWA, Ontario, June 28, 2006 — Canada Mortgage and Housing Corporation (CMHC) is helping to make homeownership more affordable and accessible for Canadians by eliminating homeowner high-ratio mortgage insurance application fees, and offering insurance for mortgages with longer amortizations and more flexible repayment options. "These innovative financial solutions will allow more …
  • Housing Complex for Seniors Opens
    REGINA, Saskatchewan, June 28, 2006 — Regina Renaissance Retirement Residence, an assisted-living complex for seniors, opened today in Regina thanks to federal, provincial and municipal funding totaling $2.1 million. Renaissance Residences Ltd. is a new Saskatchewan company. The project is supported through the Centenary Affordable Housing Program (CAHP), part of Saskatchewan's …
  • Regional Mortgage Managers Needed
    CALGARY, Alberta, June 29, 2006 — The Canadian Equity Group Inc. (CEG) requires licensed mortgage professionals with at least 3 years experience that are seeking a Branch Manager, or Agent position. The appropriate candidate will receive excellent marketing support, nationally generated leads, call center assistance, full administrative and online support, as well as access to the most …
  • Spectrum-Canada joins the MorWEB network to accept electronic mortgage ...
    June 29, 2006 — Spectrum-Canada is now accepting electronic mortgage applications on MorWEB, Marlborough Stirling Canada's growing network for mortgage professionals. MorWEB is a web-based system that provides mortgage brokers with all the tools necessary to manage their origination and customer management activities, including capturing customer and property details and electronically …

 

 
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