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April 2007 National Archive

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Mortgage News & Press Releases - April 2007

  • $10.8 Million Supportive Housing Opens in Campbell River
    CAMPBELL RIVER, British Columbia, April 02, 2007 — Federal, provincial and community funding partners gathered today to celebrate the completion of Ironwood Place, a new $10.8 million assisted living development that will provide 54 new units for seniors and adults with disabilities. “I am proud to be here today to participate in the official opening of Ironwood Place, which will …
  • $13.4 Million Assisted Living for South Asian Seniors Opens In Surrey
    SURREY, British Columbia, April 10, 2007 — Federal, provincial and community funding partners gathered today to celebrate the opening of Progressive Intercultural Community Services Society’s (PICS) Guru Nanak Niwas Assisted Living project, a $13.4 million, 72-unit assisted living development designed for South Asian seniors — a first for British Columbia. …
  • $3.5 Million Seniors Housing Project Opens in Ucluelet
    UCLUELET, British Columbia, April 10, 2007 — Seniors on the West Coast of Vancouver Island now have access to more housing and health options with today’s official opening of Forest Glen, a new $3.5 million assisted living and supportive housing development for seniors. “With the opening of Forest Glen, seniors in Ucluelet will have access to safe and supportive …
  • Housing Starts Lower in First Quarter
    OTTAWA, Ontario, April 11, 2007 — The seasonally adjusted annual rate 1 of housing starts was 210,900 units in March, up from 196,000 units in February, according to Canada Mortgage and Housing Corporation (CMHC). “Both multiple and single starts regained some ground in March. Nevertheless, housing starts are gradually trending lower and were down more than 10 per cent in the …
  • Affordable Homeownership Project Officially Opens in Toronto
    TORONTO, Ontario, April 12, 2007 — Canada’s New Government, the Government of Ontario and The Daniels Corporation held a ceremony today to mark the official opening of an affordable housing development — WAVE Lakeshore West. The project provides affordable condominium units in Toronto for sale to low-to-moderate income households. David Sweet, Member of Parliament for …
  • New Affordable Housing Projects in Fredericton
    FREDERICTON, New Brunswick, April 12, 2007 — Individuals, persons with disabilities and seniors in Fredericton will have access to more affordable housing with the construction of two new affordable housing projects, Tannery Court Fredericton and York Development Inc. A total of almost $4.1 million in funding was provided to both projects to build 69 units, of which 63 are affordable …
  • Canada’s New Government Invests Over $1.3 Million in Supportive Housing ...
    DARTMOUTH, Nova Scotia, April 12, 2007 — The Honourable Monte Solberg, Minister of Human Resources and Social Development, today announced $1,368,713 in federal homelessness funding and Canada Mortgage and Housing Corporation support for a homeless shelter for young mothers and their children. “Canada’s new government is proud to work with the Society of Supportive Housing …
  • Minister Monte Solberg Announces Appointment to CMHC Board
    OTTAWA, Ontario, April 12, 2007 — The Honourable Monte Solberg, Minister of Human Resources and Social Development, and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC) announced today the appointment of Jim Millar to CMHC’s Board of Directors. A former employee of CMHC, Mr. Millar will sit on the board as the representative of the National Capital Region. …
  • Groundbreaking for a New Housing Project in Montréal
    MONTREAL, Quebec, April 13, 2007 — Semi-independent seniors will now have more affordable housing options thanks to the construction of 29 new housing units. This announcement was made today by the Honourable Michael M. Fortier, Minister of Public Works and Government Services and Minister responsible for Montréal, on behalf of the Honourable Monte Solberg, Minister of Human …
  • Saskatoon Youth to Benefit From New Affordable Housing Acquisition and ...
    SASKATOON, Saskatchewan, April 13, 2007 — Federal, provincial and community partners gathered in Saskatoon today to announce funding to purchase and renovate Cedar House, an independent-living facility which provides support to at-risk male youth aged 16 to 21. The complex received funding from all three levels of government totaling $287,300. The project was undertaken by the John …
  • New Youth Housing Project to be Built in Saskatoon
    SASKATOON, Saskatchewan, April 13, 2007 — The federal, provincial and municipal governments announced details today of two affordable housing projects, totaling over $600,000, which will see 12 new independent living units constructed for vulnerable young women aged 18 – 23 in Saskatoon. The projects, called My Home III and IV, were undertaken by the Saskatoon Downtown Youth …
  • New Affordable Housing Project Open in Peterborough
    PETERBOROUGH, Ontario, April 20, 2007 — Canada’s New Government, the government of Ontario and the City of Peterborough held a ribbon-cutting ceremony today to mark the official opening of Maryland Place, a conversion project that provides 23 affordable rental units for singles and seniors under the Canada – Ontario Affordable Housing Program. Peterborough Member of …
  • Canada’s New Government Invests $300 Million to Create Home Ownership ...
    OTTAWA, Ontario, April 20, 2007 — The Honourable Jim Prentice, Minister of Indian Affairs and Northern Development and Federal Interlocutor for Métis and Non-Status Indians, and the Honourable Monte Solberg, Minister of Human Resources and Social Development and Minister responsible for Canada Mortgage and Housing Corporation, today announced a $300 million First Nations Market …
  • Integrated Addiction Recovery Centre Opens in Surrey
    SURREY, British Columbia, April 20, 2007 — Federal, provincial and community partners gathered today to celebrate the official opening of the Phoenix Centre, a $10.9 million integrated addiction services centre offering a continuum of supports for individuals recovering from addictions and mental illness. “The Phoenix Centre is a fine example of what can be accomplished when all …
  • New Subsidized Assisted Living Units Open in Hazleton
    HAZELTON, British Columbia, April 21, 2007 — Skeena Place, the new $1.9 million seniors’ development in Hazelton, officially opened its doors today with community members and representatives from all levels of government on hand to celebrate. "Skeena Place will provide seniors and people living with disabilities in Hazelton with quality, affordable housing," said the Honourable …
  • Bank of Canada keeps target for the overnight rate at 4 1/4 per cent
    OTTAWA, Ontario, April 24, 2007 — 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. Growth of the Canadian economy has been essentially in line with the Bank's expectations as set out in the January Monetary Policy Report …
  • Bank of Canada releases Monetary Policy Report
    OTTAWA, Ontario, April 26, 2007 — The Bank of Canada today released its April Monetary Policy Report, which discusses current economic and financial trends in the context of Canada's inflation-control strategy. Growth of the Canadian economy has been essentially in line with the Bank's expectations as set out in the January Monetary Policy Report Update. But inflation has been higher …
  • Affordable Housing to Benefit Pleasant Hill Neighbourhood
    SASKATOON, Saskatchewan, April 27, 2007 — Low-income residents of Saskatoon’s Pleasant Hill neighbourhood will have more affordable housing with the renovation of two apartment blocks by the Central Urban Métis Federation Inc. (CUMFI), with federal, provincial and municipal funding through the Centenary Affordable Housing Program (CAHP). “We are extremely proud to a …
  • New Affordable Rental Units for Women in St. John’s
    ST. JOHN'S, Newfoundland & Labrador, April 27, 2007 — In partnership with the federal and provincial governments, the St. John’s Status of Women Council (SJSWC) has expanded its affordable housing stock for women in the City of John’s. $65,000 in funding has been made available to the SJSWC to renovate their building on Military Road, through the Residential Rehabilitation …
  • Funding Helps Renovate Yorktown Women’s Shelter
    TORONTO, Ontario, April 27, 2007 — More than 250 women and their children will benefit annually from the extensive renovations unveiled today at Yorktown Shelter for Women. The 30-bed emergency shelter provides crisis counselling and referral services within a supportive environment for women with or without children. The federal government provided $515,851 through Canada Mortgage and …

 

 
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