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February 2007 National Archive

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Mortgage News & Press Releases - February 2007

  • Opening — The Salvation Army's L'Hôtellerie de Québec and ...
    QUÉBEC, Quebec, February 05, 2007 — Homeless or distressed men and women in the Québec City area now have access to more resources thanks to the major renovation of l'Hôtellerie and la Maison Charlotte, two shelters founded by The Salvation Army that will provide 62 housing units, in the Borough of La Cité, in Québec City. This announcement was made …
  • Soft Landing for Housing Starts in 2007 and 2008
    OTTAWA, Ontario, February 05, 2007 — Housing starts will moderate this year to 209,500 units after reaching 227,395 units in 2006, according to Canada Mortgage and Housing Corporation's (CMHC) first quarter Housing Market Outlook, Canada Edition report. Although residential construction will decline, 2007 will mark the sixth consecutive year in which housing starts exceed 200,000 units. …
  • Housing Starts Strong in January
    OTTAWA, Ontario, February 08, 2007 — The seasonally adjusted annual rate 1 of housing starts was 249,300 units in January, up from 212,600 units in December, according to Canada Mortgage and Housing Corporation (CMHC). “Historically low mortgage rates, solid employment and income growth, and a high level of consumer confidence continue to support residential construction …
  • Backgrounder — EQuilibrium Healthy Housing Initiative
    OTTAWA, Ontario, February 13, 2007 — Canada Mortgage and Housing Corporation (CMHC) is leading the EQuilibrium (EQ) housing initiative. Key stakeholders include other federal departments, members of Canada's housing and renewable energy industry, homebuilders and developers, utilities, manufacturers, architects, and other housing experts. Through the EQuilibrium initiative, CMHC's goal is …
  • Canada's New Government Congratulates Winners of EQuilibrium Competition to ...
    OTTAWA, Ontario, February 13, 2007 — Twelve Canadian homebuilder teams have been selected as winners of Canada Mortgage and Housing Corporation's (CMHC) EQuilibrium sustainable housing competition. The Honourable Monte Solberg, Minister of Human Resources and Social Development, and Minister responsible for CMHC, and Jacques Gourde, Parliamentary Secretary to the Honourable Gary Lunn, …
  • MLS® Home Sales Activity Forecast To Stay Strong
    OTTAWA, Ontario, February 19, 2007 — National MLS® home sales activity will remain high this year and in 2008, according to The Canadian Real Estate Association. National sales activity is forecast to ease slightly but remain above 450,000, which is near the strongest levels on record. Annual activity is forecast to rise this year in Saskatchewan and Manitoba and inch lower in other …
  • Consumers Cautious About Mortgage Debt
    OTTAWA, Ontario, February 20, 2007 — Three-quarters of all respondents to the 2006 Mortgage Consumer Survey conducted by Canada Mortgage and Housing Corporation (CMHC) indicated that their goal is to pay off their mortgage as quickly as possible. Moreover, half agreed that, whenever possible, they would use extra money to pay down their mortgage. "This study suggests that Canadians are …


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