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November 2006 National Archive

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Mortgage News & Press Releases - November 2006

  • Seniors and Young Adults Benefit from Assisted Living
    VANCOUVER, British Columbia, November 1, 2006 — A new $20 million assisted living development for Vancouver seniors and young adults with disabilities was celebrated today with a groundbreaking attended by federal, provincial and municipal government representatives. The new assisted living development, previously St. Vincent’s Hospital, is located at 33 rd Avenue and Heather …
  • Minister Finley Announces Appointment to CMHC Board
    OTTAWA, Ontario, November 2, 2006 — The Honourable Diane Finley, Minister of Human Resources and Social Development and Minister Responsible for Canada Mortgage and Housing Corporation announced today the appointment of Joel Teal to CMHC’s Board of Directors. Mr. Teal will sit on the board as the representative of the Prairies and Territories Region. “Joel Teal has extensive …
  • Housing Starts Will Move Lower in 2007
    OTTAWA, Ontario, November 2, 2006 — Housing starts will register another strong year in 2006, according to Canada Mortgage and Housing Corporation’s (CMHC) fourth quarter Housing Market Outlook, Canada Edition report. Starts will reach 227,900 units in 2006, before decreasing to 210,900 units next year. Although residential construction will ease, 2007 will mark the sixth …
  • Affordable Housing for Seniors Announced in Creighton
    CREIGHTON, Saskatchewan, November 3, 2006 — The grand opening of Bedrock Manor, an affordable housing project in Creighton, is providing low- to moderate-income seniors with the opportunity to remain close to home and family, and to continue to build their community. "Canada’s new government is committed to investing in our communities," said Brian Fitzpatrick, Member of …
  • Opening 16 New Social and Community Housing Units in Saint-Pamphile
    SAINT-PAMPHILE, Quebec, November 5, 2006 — Seniors now have more resources to live independently thanks to the construction of the 16 units of the Villa Joie de Vivre, in Saint-Pamphile. This announcement was made today, on the occasion of the opening of this project, by Steven Blaney, Member of Parliament for Lévis – Bellechasse, on behalf of the Honourable Diane Finley, …
  • Winners of CMHC 2006 Housing Awards Announced
    OTTAWA, Ontario, November 6, 2006 — Lynne Yelich, Parliamentary Secretary to the Honourable Diane Finley, Minister of Human Resources and Social Development, today announced the 16 winners in Canada Mortgage and Housing Corporation's (CMHC) Housing Awards Program, which recognizes housing initiatives that have contributed to improving the affordability of housing. “The Housing …
  • Further 10% growth expected for Canadian mortgage credit in 2007
    TORONTO, Ontario, November 08, 2006 — Canadians have every intention of keeping up the feverish pace of mortgage borrowing, adding an expected $78 billion by the end of 2007 to produce a total mortgage credit valued at $808 billion, according to a report released today by the Canadian Institute of Mortgage Brokers and Lenders (CIMBL). The information was gathered by Pollara in a phone …
  • Housing Starts Move Higher in October
    OTTAWA, Ontario, November 8, 2006 — The seasonally adjusted annual rate of housing starts rose to 223,200 units in October, from 209,000 units in September, according to Canada Mortgage and Housing Corporation (CMHC). “The rise in housing starts in October reflects a rebound in the volatile multiple starts segment, which registered a two-year low in September,” said Bob …
  • Two Firms Selected to Finance Affordable Housing in Ontario
    TORONTO, Ontario, November 8, 2006 — Developers of affordable housing in Ontario will have access to lower-cost financing for construction and mortgages thanks to federal and provincial initiatives announced today. Under the Ontario Mortgage and Housing Initiative (OMHI), TD Bank and MCAP Financial Corporation have been selected to provide more than $600 million in low-cost financing …
  • Media Advisory - CIMBL Mortgage Conference and Expo
    MONTREAL, Quebec, November 09, 2006 — The Canadian Institute of Mortgage Brokers and Lenders (CIMBL) will be holding its Annual National Mortgage Conference and Expo at the Palais des Congrès in Montréal from November 12 -14. More than 2,200 delegates will gather to explore how best to improve mortgage products, productivity and profits and visit 160 trade booths at the …
  • Housing Market Participants to Benefit from Major Enhancements to CMHC ...
    OTTAWA, Ontario, November 9, 2006 — Canada Mortgage and Housing Corporation (CMHC) today announced that the housing industry, consumers and policy makers will benefit from a new suite of enhanced surveys and analytical reports from its Market Analysis Centre (MAC). “Our clients rely on MAC’s products for comprehensive and up-to-date housing market information. In an …
  • Invis Inc. selects Marlborough Stirling Canada's broker origination technology
    November 9, 2006 — Bill Pitkin, President & CEO, Marlborough Stirling Canada (MSC) and Andrew Moor, President & CEO, Invis Inc. are pleased to announce that Invis and MSC have reached an agreement to offer Invis Mortgage Consultants the MorWEB mortgage origination system commencing on September 30, 2007. Andrew Moor comments: "Over the last few years Invis has grown to be the …
  • Evergreen Heights Opens at White Rock Seniors' Campus
    WHITE ROCK, British Columbia, November 10, 2006 — Evergreen Heights, a new 86-unit $17.5 million development for low-income seniors, officially opened its doors in White Rock today with federal, provincial and community funding partners. "Seniors in White Rock now have more access to quality, affordable housing to meet their specific needs," said Russ Hiebert, Member of Parliament for …
  • Expansion of the Manoir Claudette Barré with 98 New Affordable Housing ...
    MONTRÉAL, Quebec, November 10, 2006 — Thanks to the new wing of the Manoir Claudette Barré, independent and semi-independent seniors will now have more affordable housing options, as 98 new units will be added to the 53 already existing in the residence, for a total of 151 units. This announcement was made today by the Honourable Michael M. Fortier, Minister of Public …
  • Mortgage brokers turning traditional lending model on its head
    TORONTO, Ontario, November 10, 2006 — Homebuyers’ confidence in mortgage brokers continues to grow. More than 31 per cent of Canadians sought the advice of a mortgage broker in 2006, according to a recent survey by the Canadian Institute of Mortgage Brokers and Lenders (CIMBL). This figure shows a definite upward trend compared to last year’s 25 per cent. Looking back further, …
  • $1.7 Million Allocated for Affordable Housing in County of Oxford
    WOODSTOCK, Ontario, November 14, 2006 — The Government of Canada, the Government of Ontario and the County of Oxford today launched three affordable housing projects that will create 54 new units of affordable housing for lower income households in Oxford County. The announcement was made by Dave MacKenzie, Parliamentary Secretary to the Minister of Public Safety and Member of …
  • CMHC Predicts Ongoing Strength in Housing Sector
    VANCOUVER, British Columbia, November 14, 2006 — British Columbia's housing sector will exhibit ongoing strength according to Canada Mortgage and Housing Corporation (CMHC). Six hundred housing industry professionals including, lenders, appraisers, planners, housing suppliers, builders, developers and government officials attended CMHC's sold-out Housing Market Outlook Conference today in …
  • Affordable Housing Project Celebrates Start of Construction
    REGINA, Saskatchewan, November 15, 2006 — Federal, provincial and community partners gathered in Regina today to celebrate the start of construction of a new energy efficient, 29-unit affordable housing project, on the former St. Joseph's School site located at 2181 Toronto Street. The new housing project will be called Maple Leaf Estates, in honour of its community location. "The …
  • $1.1 Million Will Assist Homeless or Those at Risk of Becoming Homeless
    WINNIPEG, Manitoba, November 16, 2006 — A new 20-unit transitional housing centre in North Logan – Centennial will soon offer a range of support services for single men and women who are homeless or at risk of becoming homeless. The project is being supported with over $1.1 million from the Government of Canada, the Province of Manitoba and the City of Winnipeg through the Winnipeg …
  • New Assisted Living Homes Open in Kelowna
    KELOWNA, British Columbia, November 16, 2006 — Mountainview Village, a new $10.7 million assisted living development for low-income seniors and individuals living with disabilities, celebrated the opening of Phase II today with federal, provincial and community funding partners. "Housing projects like this one in Kelowna will help ensure that our lower-income seniors and individuals …
  • Tom Taylor Place Affordable Housing Project Breaks Ground
    NEWMARKET, Ontario, November 16, 2006 — The Government of Canada, the Government of Ontario, the Regional Municipality of York, and the Town of Newmarket held a groundbreaking ceremony today to mark the start of construction of Tom Taylor Place, a 50-unit affordable rental housing development in the Town of Newmarket being built under the Canada – Ontario Affordable Housing …
  • $2.8 Million Allocated For Affordable Housing in Cambridge
    CAMBRIDGE, Ontario, November 17, 2006 — The Government of Canada, the Government of Ontario, the Region of Waterloo and the City of Cambridge today marked the official opening of Wellington Square Lifestyle Suites and Lena Apartments in Cambridge, two projects that will create a total of 129 units of affordable housing for individuals, seniors, and families. Gary Goodyear, Member of …
  • More Than $3.6 Million Provided to Transform Temporary War-Time Houses into ...
    WINNIPEG, Manitoba, November 17, 2006 — Flora Place, once the temporary home for returning war veterans in Winnipeg's north end, will soon undergo a major redevelopment in order to provide affordable accommodations for low-income households and persons with disabilities, including seniors. The project is being supported with funding of over $3.6 million to the Winnipeg Housing …
  • New Affordable Housing Projects Announced in Saskatoon
    SASKATOON, Saskatchewan, November 17, 2006 — Federal, provincial and community partners gathered in Saskatoon today to officially open Elm Park Terrace, a new affordable housing complex for low to moderate-income households, and to announce the construction of another project, Hunter Crossing, for people with a disability. Low and modest-income households purchasing homes in either …
  • Mel Lloyd Centre Officially Opens in Shelburne
    SHELBURNE, Ontario, November 17, 2006 — The Government of Canada, the Government of Ontario, the County of Dufferin and the Town of Shelburne held a ribbon-cutting ceremony today to mark the completion of construction on the Mel Lloyd Centre, a project that provides housing, health and outreach services to the town of Shelburne. David Tilson, Member of Parliament for Dufferin – …
  • REALTORS® propose changes to capital gains tax
    OTTAWA, Ontario, November 20, 2006 — The Canadian Real Estate Association (CREA) is calling on the federal government to make tax changes that would help boost Canada’s productivity, expand rental housing, and encourage urban regeneration. CREA Chief Executive Officer Pierre Beauchamp said the Association is meeting with Members of Parliament and government officials to outline a …
  • 44-Unit Affordable Housing Project Officially Opens in Edmonton
    EDMONTON, Alberta, November 22, 2006. — The Capital Region Housing Corporation officially opened Greystone Place, a new 44-unit, affordable housing rental project located at 17115-108 street in Edmonton. This $6 million project will provide housing at below-market rental rates for couples, families and those with special needs. “I am very pleased we have been able to create more …
  • Governments Invest Over $958,000 for New Affordable Housing
    WINNIPEG, Manitoba, November 22, 2006 — Four local community groups will share over $958,000 to build seven units of affordable housing for low- to moderate-income residents and persons with disabilities, as well as purchase and renovate existing buildings to provide transitional housing for people with special needs. The projects are being made possible with funding support from the …
  • REALTORS® welcome tax proposals outlined in Economic Statement
    OTTAWA, Ontario, November 23, 2006 — The Canadian Real Estate Association (CREA) and its more than 88,000 REALTOR® members across Canada welcomed the federal government’s identification of tax, fiscal, and infrastructure issues as key elements to improve the quality of life for all Canadians. The three were among the five Canadian Advantages outlined in the Fall Economic …
  • Affordable Housing Project Begins Construction
    KINGSTON, Ontario, November 24, 2006 — The Government of Canada, the Government of Ontario and the City of Kingston held a sod-turning ceremony today to mark the start of construction on a project that will create 49 units of affordable housing for senior citizens and disabled seniors. The Honourable John Gerretsen, Ontario's Minister of Municipal Affairs and Housing and MPP for …
  • New Affordable Housing Project Officially Opens in Town of Paris
    PARIS, Ontario, November 24, 2006 — The Government of Canada, the Government of Ontario and the County of Brant held a ribbon-cutting ceremony today to mark the official opening of 24 units of affordable housing for low- to moderate-income households in the Town of Paris. Gary Goodyear, Member of Parliament for Cambridge, on behalf of the Honourable Diane Finley, Minister of Human …
  • New Housing Complex for Seniors in Unity
    UNITY, Saskatchewan, November 25, 2006 — A new, affordable housing project in Unity is officially open for low-income seniors, thanks to federal, provincial and municipal funding. Parkview Place is a single storey building which offers twenty 1-bedroom and four 2-bedroom affordable rental units. The project was carried out by the Unity and District Seniors Lodge Project Inc. and …
  • Innovative Housing Supports Seniors, People Living with HIV AIDS
    TORONTO, Ontario, November 25, 2006 — Federal, provincial and municipal officials joined community agencies today for a ground-breaking ceremony to celebrate the construction of a first-of-its-kind apartment complex that will provide supportive housing to seniors and people with HIV/AIDS. The three levels of government are working with Fife House, an AIDS service organization, WoodGreen …
  • Bank of Canada Releases Background Information on Renewal of the ...
    OTTAWA, Ontario, November 27, 2006 — The Bank of Canada today released the document Renewal of the Inflation-ControlTarget: Background Information, which describes Canada's experience
  • CMHC to Help Strengthen Ghana's Housing Finance System
    OTTAWA, Ontario, November 27, 2006 — Canada Mortgage and Housing Corporation (CMHC), in partnership with Développement international Desjardins (DID), has been awarded a contract to foster regulatory reforms and help four Ghanaian financial institutions build their housing finance expertise. "Adoption of a market-oriented mortgage system in Ghana will improve the lives of many …
  • Community Services — Call for Proposals to Build Affordable Housing
    HALIFAX, Nova Scotia, November 28, 2006 — Hundreds of low-income Nova Scotians will have access to more affordable homes, thanks to the commitment to build new rental housing through the Canada – Nova Scotia Affordable Housing Agreement. A province-wide request for proposals under the New Rental Housing Program will be issued on Wednesday, Nov. 29, inviting not-for-profit …
  • Agreement with Russia Opens Doors for Canadian Exports of Housing Products and ...
    TORONTO, Ontario, November 29, 2006 — Canadian companies that export housing products and expertise will have more commercial opportunities in Russia thanks to a Memorandum of Understanding (MoU) signed today by Canada Mortgage and Housing Corporation (CMHC) and the Federal Agency of the Russian Federation for Construction and Housing and Municipal Services (ROSSTROY). "This agreement …
  • CMHC 60th Anniversary Celebration Raises Funds for Local Shelter
    MONTREAL, Quebec, November 29, 2006 — A total of $9,216 was raised today through a gingerbread house build fundraising competition organized by Canada Mortgage and Housing Corporation (CMHC) to benefit la Fédération des resources d'hébergement pour femmes violentées et en difficulté du Québec (FRHFVD) These funds were raised as part of an event …
  • 13 New Social and Community Housing Units for the Centre Dahlia of La Rue des ...
    MONTRÉAL, Quebec, November 30, 2006 — Women in difficulty now have more resources thanks to the renovation of a building in the borough of Ville-Marie, in Montréal, for the development of the 13 bachelor units of the Centre Dahlia of La Rue des Femmes. This announcement was made today, on the occasion of the opening of this building, by the Honourable Michael M. Fortier, …
  • MortgageBrokers.com selects Manulife Financial as retirement savings provider
    TORONTO, Ontario, November 30, 2006 — Manulife Financial to administer the RE/MAX & MortgageBrokers.com Retirement Savings Program for RE/MAX Real Estate Agents. MortgageBrokers.com Holdings Inc. (OTCBB: MBKR - News) - one of North America's fastest growing new mortgage broker brands and consolidation companies - announced the selection of Manulife Financial as the new administrator …

 

 
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