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September 2006 National Archive

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Mortgage News & Press Releases - September 2006

  • Girardville Receives $250,000 to Build Affordable Housing
    GIRARDVILLE, Quebec, September 5, 2006 — The municipality of Girardville will receive a budget of $250,000 under the “Nord-du-Québec” component of the Affordable Housing Québec program, to help increase the supply of affordable housing units for low- and moderate-income clients. This announcement was made today by the Honourable Jean-Pierre Blackburn, MP for …
  • Bank of Canada keeps target for the overnight rate at 4 1/4 per cent
    OTTAWA, Ontario, September 6th, 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. Since the July Monetary Policy Report Update (MPRU), the global economy has continued its solid expansion. While there has been some …
  • It’s a photo finish in the mortgage race – both variable and fixed ...
    TORONTO, Ontario, September 06, 2006 — With seven rate hikes by the Bank of Canada over the past year, many variable rate mortgage holders might be thinking they should have locked in their mortgage at a safer fixed rate. But after a year, data from mortgage brokerage Invis shows most variable rate mortgage holders would have fared about the same as their locked-in counterparts. …
  • New $32 Million Housing Project Officially Opens in Toronto with 232 Units of ...
    TORONTO, Ontario, September 7, 2006 — The Government of Canada, the Government of Ontario, and the City of Toronto, along with Verdiroc Development Corporation, joined residents today to celebrate the official opening of 232 affordable rental apartments in Toronto. The housing development, located at 121 Parkway Forest Drive in Toronto, was constructed by Verdiroc Development …
  • Affordable Housing Created from Former Drug House
    VICTORIA, British Columbia, September 7, 2006 — A newly renovated former Victoria drug house opened its doors today, offering a unique blend of housing and support services for a homeless family and single parents whose children have left home, and who find themselves at risk of homelessness. “This unique project represents a new beginning for Victoria families who have been …
  • Expansion of The Domaine Des Pionniers with 53 New Affordable Housing Units in ...
    VAL-D’OR, Québec, September 8, 2006 — This announcement was made today by the Honourable Lawrence Cannon, Minister of Transport, Infrastructure and Communities, and Minister responsible for Quebec, on behalf of the Honourable Diane Finley, Minister of Human Resources and Social Development. In attendance at the announcement were Fernand Trahan, Mayor of Val-d’Or; Albano …
  • Celebration Marks Opening of New Residential Units in Renovated Landmark
    NAPANEE, Ontario, September 8, 2006 — Lennox and Addington Community Mental Health Services today celebrated the official opening of their new building after more than a year of extensive renovations. The downtown Napanee landmark at 70 Dundas Street East will provide 12 apartments for clients at risk of homelessness as well as office and program space. The $4,123,271 project received …
  • Construction Begins on Affordable Housing Project in Brampton
    BRAMPTON, Ontario, September 11, 2006 — The Government of Canada, the Government of Ontario, the Region of Peel and the City of Brampton celebrated the start of construction for a project that will create 200 units of affordable housing under the Canada — Ontario Affordable Housing Program. MPP Linda Jeffrey, on behalf of the Honourable John Gerretsen, Ontario Minister of …
  • Housing Starts Decreased in August as Expected
    OTTAWA, Ontario, September 11, 2006 — The seasonally adjusted annual rate 1 of housing starts was 213,700 units in August, down from 236,500 units in July, according to Canada Mortgage and Housing Corporation (CMHC). “Housing starts decreased in August solely due to a decline in the multiple starts segment. After three consecutive months of increases, the volatile multiple starts …
  • Affordable Rental Housing Project Approved for North Battleford
    NORTH BATTLEFORD, Saskatchewan, September 12, 2006 — An affordable rental housing project for families and vulnerable youth has been approved for the Nationswest Housing Corporation in North Battleford under the Centenary Affordable Housing Program (CAHP) Non Profit Rental Option. The proposed project is for the acquisition and renovation of four apartment buildings in North Battleford. …
  • Chrysalis Project Celebrates Progress at Ceremony
    HUNTSVILLE, Ontario, September 12, 2006 — The Government of Canada, the Government of Ontario, the District Municipality of Muskoka, Muskoka Women’s Advocacy Group and community partners commemorated the progress made on the Chrysalis project with a tree-planting ceremony today. A newly constructed 10-unit supportive housing project located in Huntsville, Chrysalis was made …
  • Residence La Colombiere, Social and School Reintegration Organization for ...
    QUÉBEC, Quebec, September 12, 2006 — Young single mothers experiencing different problems now have access to more resources thanks to the renovation of a building that allowed for the development of the Résidence La Colombière, a social and school reintegration residence located in Saint-Augustin-de-Desmaures. This announcement was made today by the Honourable Diane …
  • New Affordable Housing Created for Seniors in St. Pierre-Jolys
    ST. PIERRE-JOLYS, Manitoba, September 15, 2006 — Low- to moderate-income seniors in the St. Pierre-Jolys area can now access more quality, affordable housing with the official opening today of a 24-unit apartment project supported with over $454,000 in funding from the Canada – Manitoba Affordable Housing Initiative (AHI). The Honourable Vic Toews, Minister of Justice and Attorney …
  • Construction Begins on Senior’s Complex at Chippewas of the Thames First ...
    MUNCEY, Ontario, September 15, 2006 — The Chippewas of the Thames First Nation marked the start of construction on a seniors’ complex with a turning of the sod ceremony today. Funding from the Government of Canada, through Canada Mortgage and Housing Corporation (CMHC), helped the community members build the twenty unit apartment building for seniors. CMHC provided a direct loan …
  • New Group Home for Persons with Disabilities Opens in Rocky Mountain House
    ROCKY MOUNTAIN HOUSE, British Columbia, September 15, 2006 — A new eight-unit affordable housing project for local residents with disabilities officially opened today in Rocky Mountain House. Rocky III Group home was built to be entirely accessible and able to support individuals with higher medical and/or behavioural needs. Located at 5003-48 Street, the project includes a group home …
  • CIMBL launches first ever national television campaign to support AMP ...
    TORONTO, Ontario, September 19, 2006 — The Canadian Institute of Mortgage Brokers and Lenders (CIMBL) has begun airing 30 second English Creative, and 30 second French Creative ads, nationally on CBC Newsworld, CTV Newsnet, Comedy Network and RDI to encourage consumers to use an accredited mortgage professional (AMP) when securing a mortgage. The AMP designation was created by CIMBL two …
  • The 26th International Union of Housing Finance Congress
    VANCOUVER, British Columbia, September 19, 2006 — More than 250 business leaders and officials from more than 40 countries will attend the International Union for Housing Finance (IUHF) 26 th World Congress starting today in Vancouver, Canada. "Housing finance, which includes mortgage lending and related financial services, is key to economic growth and stability worldwide", said Ted …
  • Consultations to continue for proposed MLS® rule changes
    HALIFAX, Ontario, September 20, 2006 — The real estate Boards and Associations of The Canadian Real Estate Association have voted overwhelmingly to continue discussion and research to find a national consensus on resolution of MLS® trade mark issues. A series of proposed MLS® rule changes were presented at a CREA Special Assembly in Halifax on September 20th, but the …
  • Ceremony Celebrates 374 Affordable Housing Units in Ottawa
    OTTAWA, Ontario, September 21, 2006 — The Government of Canada, the Government of Ontario, and the City of Ottawa held a dedication ceremony today to celebrate seven affordable housing projects that will create 374 units of affordable housing across the City of Ottawa under the Canada – Ontario Affordable Housing Program. Member of Parliament for Ottawa – Orléans …
  • Accessible Apartments for Low- to Moderate-Income Manitobans Officially Open ...
    STEINBACH, Manitoba, September 22, 2006 — A new apartment complex in Steinbach opened today creating more affordable housing for low- to moderate-income Manitobans. The apartments will also be accessible for people with disabilities. The project is being supported with more than $1.5 million from the Canada – Manitoba Affordable Housing Initiative (AHI). The Honourable Vic Toews, …
  • Opening — A New Retirement Home in Saint-Nérée
    SAINT-NÉRÉE, Quebec, September 22, 2006 — Independent seniors now have more affordable housing options thanks to the construction of the 12 rooms of the Résidence Confort des aînés, on Principale Street, in Saint-Nérée. This announcement was made today by Steven Blaney, MP for Lévis – Bellechasse, on behalf of the Honourable …
  • Collective Opening — 221 New Social and Community Housing Units in ...
    MONTRÉAL, Quebec, September 23, 2006 — Seniors who want to keep living independently and low-income families now have more options thanks to the construction of the Résidence des Sages, Inter-Loge Centre-Sud Faubourg, the Coopérative d'habitation La Porte du Bourg and the Coopérative d'habitation Val Perché, which comprise a total of 221 housing units, …
  • $2 Million Conversion Celebrates Opening First Assisted Living in Grand Forks
    GRAND FORKS, British Columbia, September 25, 2006 — Provincial and federal funding partners today celebrated the opening of Boundary Lodge, a $2.3 million conversion of a former licensed care facility, which is now Grand Forks’ first assisted living development for lower-income seniors and individuals living with disabilities. “For Canada’s new Government, the province …
  • First National Launches New Mortgage Concept
    TORONTO, Ontario, September 25, 2006 — First National Financial LP is pleased to be one of the first Canadian lenders to offer the Canada Mortgage and Housing Corporation (CMHC) insured Interest-Only Mortgage, a new mortgage concept that can help qualified homebuyers lower their monthly mortgage payments and improve their monthly cash-flow flexibility. The Interest-Only Mortgage gives …
  • Shelter House Celebrates Opening of New Shelter
    THUNDER BAY, Ontario, September 25, 2006 ‗ Shelter House today celebrated the opening of Rotary House Thunder Bay. The new 42-bed shelter will provide temporary accommodation for women, men, youth and families. The $2.59 million dollar project received federal government funding of $500,000 from Canada Mortgage and Housing Corporation’s (CMHC) Shelter Enhancement Program, $158,100 …
  • Youth in Crisis Benefit from Shelter Renovations
    MISSISSAUGA, Ontario, September 26, 2006 — More than 600 youth in crisis will benefit from the extensive renovations unveiled today at the Our Place (Peel) shelter. The 14-bed emergency shelter provides crisis counselling and referral services within a supportive environment for young people aged 16 to 21. The federal government provided $91,193 through Canada Mortgage and Housing …
  • First Assisted Living Units in Burns Lake Open
    BURNS LAKE, British Columbia, September 28, 2006 — Federal, provincial and community funding partners gathered today to celebrate the opening of the Lakes District Senior Citizens Housing Association’s Tweedsmuir House, a $4 million assisted living development that will provide 17 new homes for Burns Lake seniors. These are the first assisted living apartments for seniors in Burns …
  • Affordable Housing Project Opens in Brantford
    BRANTFORD, Ontario, September 29, 2006 — The Government of Canada, the Government of Ontario, and the City of Brantford celebrated today the official opening of an affordable housing project that creates 51 new affordable units in the City of Brantford under the Canada – Ontario Affordable Housing Program. MPP for Brant, Dave Levac, on behalf of the Honourable John Gerretsen, …
  • New Affordable Housing Project Approved for Summerside
    SUMMERSIDE, PEI, September 29, 2006 — A sod turning ceremony was held today to celebrate the approval of seven new units of affordable housing for individuals with mental illness in Summerside. The Honourable Peter MacKay, Minister of Foreign Affairs and Minister of the Atlantic Canada Opportunities Agency, on behalf of the Honourable Diane Finley, Minister of Human Resources and Social …
  • Building Affordable Housing Together in Vista Heights
    CALGARY, Alberta, September 29, 2006 — A sod-turning event was held this morning to celebrate the beginning of construction of an affordable housing project in Vista Heights. Participating in the ceremony were representatives of Canada’s New Government, the Government of Alberta, and the City of Calgary. The 41-unit affordable housing development in Vista Heights will provide new …
  • Northumberland Services for Women Celebrates Shelter Renovations
    COBOURG, Ontario, September 29, 2006 — Northumberland Services for Women celebrated the unveiling of renovations to its shelter in Cobourg today. The shelter provides a safe environment and services for women and children in crisis as a result of family violence and abuse. The federal government provided $22,287 through Canada Mortgage and Housing Corporation’s (CMHC) Shelter …

 

 
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Below is a tally of our most popular mortgage product inquiries made using our secure online application for all of Canada.

Mortgage Type Inquiries
Qualification21.54%
First-time Buyer17.59%
Refinance14.93%
Purchase13.95%
No Money Down11.90%
Renewal10.14%
Commercial2.10%
Pre-approval1.90%
Variable Rate1.55%
Other4.41%
Last Tally: Apr 10 at 04:15:07
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