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August 2007 National Archive

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Mortgage News & Press Releases - August 2007

  • Housing Starts Move Lower in July
    OTTAWA, Ontario, August 09, 2007 — The seasonally adjusted annual rate of housing starts was 215,600 units in July, down from 225,300 units in June, according to Canada Mortgage and Housing Corporation (CMHC). “Housing starts in July continued their gradual decreasing trend as both multiple and single-detached starts declined,” said Bob Dugan, Chief Economist at CMHC’s …
  • Ontario Communities get $173 Million Boost for Affordable Housing
    LONDON, Ontario, August 09, 2007 — Canada’s New Government and the Government of Ontario today announced more than $173 million in funding to create more than 2,700 new affordable housing units in 41 towns and cities across Ontario under the Canada – Ontario Affordable Housing Program Agreement. The announcement was made by the Honourable Monte Solberg, Minister of Human …
  • New Shelter to Help Victims of Family Violence
    MEDECINE HAT, Alberta, August 10, 2007 — The Medicine Hat Women’s Shelter Society, three levels of government and community groups joined forces to make a difference in the lives of victims of family violence in Alberta. A special ribbon-cutting ceremony in Medicine Hat today marked the grand opening of Musasa House, a new second stage shelter for women and children. The …
  • Hellenic Community Celebrates Construction of Affordable Housing for Seniors
    HAMILTON, Ontario, August 13, 2007 — Canada’s New Government, the Government of Ontario and the City of Hamilton held a ceremony today to celebrate the construction of the Hellenic Community Senior's Residence, an affordable housing project that will provide rental units for lower-income seniors under the Canada – Ontario Affordable Housing Program. Gary Goodyear, Member of …
  • Ontario’s First On-Reserve Housing Trust Agreement Signed Today by CMHC ...
    OTTAWA, Ontario, August 15, 2007 — Ontario’s first trust agreement under Canada Mortgage and Housing Corporation’s (CMHC) On-Reserve Homeownership Loan Insurance Pilot was signed today by the Wikwemikong Unceded Indian Reserve and CMHC, on behalf of the Government of Canada. This agreement provides enhanced access to homeownership loan insurance to First Nation members of …
  • Housing Starts Cooling in 2007 and 2008
    OTTAWA, Ontario, August 15, 2007 — Housing starts will moderate in 2007, reaching 220,000 units, a decrease of 3.2 per cent from 2006, according to Canada Mortgage and Housing Corporation’s (CMHC) third quarter Housing Market Outlook, Canada Edition report. Residential construction will continue to decline in 2008 to 207,200 units, yet will mark seven consecutive years in which …
  • New Affordable Rental Housing for Saskatoon
    SASKATOON, New Brunswick, August 20, 2007 — Renters in Saskatoon will have access to more quality, affordable housing with the official opening today of a renovated 24-unit apartment building in the Pleasant Hill neighbourhood. The opening was announced today by the Honourable Carol Skelton, Member of Parliament for Saskatoon – Rosetown – Bigger, on behalf of the Honourable …
  • $2.8 Million Affordable Housing Project for North Battleford Youth and Families
    NORTH BATTLEFORD, Saskatchewan, August 21, 2007 — The City of North Battleford today celebrated the opening of a $2.8 million affordable rental housing project for low-income families and vulnerable youth an initiative of the Centenary Affordable Housing Program (CAHP). “Canada’s New Government is committed to making affordable housing available in Saskatchewan and across …
  • $600,000 Affordable Housing Project for North Battleford
    NORTH BATTLEFORD, Saskatchewan, August 21, 2007 — Eight North Battleford families will have access to quality, affordable rental housing with the announcement today of a $600,000 project under the Centenary Affordable Housing Program (CAHP). The project involves the acquisition and renovation of eight single-family dwellings in North Battleford. “Canada’s New Government is …
  • Canada and Quebec Sign a Two-Year, $58 Million Agreement
    MONTRÉAL, Quebec, August 21, 2007 — The Honourable Michael Fortier, Minister of Public Works and Government Services, on behalf of the Honourable Monte Solberg, Minister of Human Resources and Social Development, and Minister responsible for Canada Mortgage and Housing Corporation, and Nathalie Normandeau, Deputy Premier and Minister of Municipal Affairs and Regions, today …
  • $700,000 Home Repair Program for Rainy River Announced
    FORT FRANCES, Ontario, August 23, 2007 — Canada’s New Government, the Government of Ontario, and the Rainy River District Social Services Administration Board (RRDSSAB) today announced funding that will assist up to 30 low-income households to make urgently needed home repairs. The $700,000 program is funded under the Canada – Ontario Affordable Housing Program. The …
  • Affordable Homeownership Projects Open in Scarborough and Markham
    SCARBOROUGH, Ontario, August 27, 2007 — Canada’s New Government, the Government of Ontario, Home Ownership Alternatives Non-Profit Corporation and the non-profit development company Options for Homes celebrated the successful completion of an affordable homeownership pilot project that creates 382 affordable condominium units for sale to low-to-moderate income households in need of …
  • More Safe, Quality and Affordable Housing Opens in Fredericton
    FREDERICTON, New Brunswick, August 27, 2007 — Canada’s New Government and the Province of New Brunswick officially opened an affordable housing project in Fredericton today, funded under the Canada – New Brunswick Affordable Housing Agreement. The project created 50 new units, of which 44 are affordable housing units for non-elderly singles and persons with disabilities. …
  • Canada Winter Games Legacy — Athletes’ Village Residences Now Home ...
    WHITEHORSE,, August 28, 2007 — Minister of Community Services Glenn Hart officially transferred the two athletes’ village residences to Rudy Couture, chair of Yukon Housing Corporation’s board of directors, and Yukon College President Terry Weninger, in a ceremony today at Yukon College. “These residences provided lodging for young athletes from all over the country …
  • New Affordable Housing Projects Open in Hamilton
    HAMILTON, Ontario, August 29, 2007 — Canada’s New Government, the Government of Ontario and the City of Hamilton held a ribbon-cutting ceremony today to mark the official opening of St. Elizabeth Home Society, an affordable housing project that provides rental units for lower-income seniors under the Canada-Ontario Affordable Housing Program. Gary Goodyear, Member of Parliament …
  • Alstonvale Net Zero House Breaks Ground in Quebec — an EQuilibrium ...
    HUDSON, Quebec, August 29, 2007 — The Honourable Monte Solberg, Minister of Human Resources and Social Development, and Minister responsible for Canada Mortgage and Housing Corporation (CMHC) announced the groundbreaking of an EQuilibrium demonstration home today. Sevag Pogharian Design (SPD), a Montreal-based design-build firm, began construction of the Alstonvale Net Zero House in …
  • Heritage House Celebrates Official Start of Construction
    WEST LORNE, Ontario, August 29, 2007 — Canada’s New Government, the Government of Ontario and the Municipality of West Elgin held a sod-turning ceremony today to mark the official start of the construction of Heritage House, which will provide 16 new units of supportive affordable housing for seniors and single persons. Joe Preston, MP for Elgin – Middlesex – London, …
  • New Affordable Housing Complex Officially Opens
    EDMONTON, Saskatchewan, August 30, 2007 — Pino Brothers Affordable Housing officially opened Italian Village, their new 78-unit, affordable housing rental project, at 95th Street and 107 A Avenue in Edmonton. This project will provide housing at below-market rental rates for low-to moderate-income families, individuals and persons with disabilities. Peter Goldring, Member of Parliament …
  • Affordable Housing Project Opens in Beauval
    REGINA, Saskatchewan, August 30, 2007 — Residents in Beauval’s newest rental development are enjoying an enhanced quality of life, following the construction of 8 one-bedroom affordable housing units under the Centenary Affordable Housing Program (CAHP). The project was undertaken by Lac la Plonge Holdings Ltd. and K. & L. Construction Ltd., and supported through the Centenary …
  • Dr. Peter Grant Haven of Hope Officially Opens
    WELLAND, Ontario, August 30, 2007 — Canada’s New Government, the Government of Ontario, Niagara Region, the City of Welland and Niagara Regional Housing held a ribbon-cutting ceremony today to mark the official opening of a new affordable housing development in Welland. The Dr. Peter Grant Haven of Hope, named in memory of a St. Catharines psychiatrist, provides 28 apartments at 176 …
  • Provincial Government Continues to Support Northern Homeownership
    BUFFALO NARROWS, Saskatchewan, August 30, 2007 — The Government of Saskatchewan announced today in Buffalo Narrows that the Remote Homeownership Program partnership with the federal government will be continued, creating additional homeownership opportunities for northern families. Since 1995, over 200 northern families have become homeowners through this successful program. …

 

 
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