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January 2007 National Archive

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Mortgage News & Press Releases - January 2007

  • A New Home for Canadian REALTORS®
    OTTAWA, Ontario, January 04, 2007 — For the first time in its 62-year history, The Canadian Real Estate Association (CREA) and its more than 88,000 REALTOR® members across Canada are the proud owners of their own home. On January 3rd 2007, CREA officially opened its new offices at 200 Catherine Street. The Association purchased the seven-storey building for $9.7 million in September …
  • Housing Starts in 2006 Reach Their Second Highest Level in Nearly Two Decades ...
    OTTAWA, Ontario, January 09, 2007 — New home starts are estimated at 227,400 in 2006, surpassing the level in 2005, reaching their second highest level in nearly two decades. However, the seasonally adjusted annual rate 1 of housing starts decreased to 211,500 units in December from November's 229,300 units, according to Canada Mortgage and Housing Corporation (CMHC). “Growth in …
  • Bank of Canada keeps target for the overnight rate at 4 1/4 per cent
    OTTAWA, Ontario, January 16, 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. Global economic expansion has remained robust, although economic growth in the United States slowed during 2006. With weaker U.S. growth, …
  • Two New Affordable Housing Projects Announced in Regina
    REGINA, Saskatchewan, January 17, 2007 — The federal and provincial governments announced details today of two new affordable housing projects that will provide approximately $2.2 million, under the Centenary Affordable Housing Program (CAHP), for the construction of a total of forty-two new apartment units to assist some of Regina’s most vulnerable people. CAHP funding for Red …
  • Bank of Canada releases Monetary Policy Report Update
    OTTAWA, Ontario, January 18, 2007 — The Bank of Canada today released the January update to the Monetary Policy Report, which discusses current economic and financial trends in the context of Canada's inflation-control strategy. The Canadian economy is judged to have been operating at, or just above, its production capacity at the end of 2006, following weaker-than-expected growth in …
  • Affordable Housing Opens for Victoria Families in Need
    VICTORIA, British Columbia, January 22, 2007 — The Cornerstone Project officially opened its doors today, offering support services and affordable housing for families with children and youth at risk. “Canada’s New Government values the work of organizations such as the Cornerstone, and is proud to assist them in making a real difference in the lives of vulnerable children …
  • Affordable Housing Project in La Loche to Help Single Parents
    LA LOCHE, Saskatchewan, January 22, 2007 — The Dené Empowerment Centre, a new facility which provides transitional housing for single parents, officially opened today in La Loche. The facility will empower residents to gain self-reliance, social inclusion and well-being, and build independence so they can make the transition to non-supportive housing. “Canada's New Government …
  • Homeless Youth Benefit From Shelter Expansion
    TORONTO, Ontario, January 23, 2007 — Youth Without Shelter celebrated the unveiling of its new, expanded 50-bed shelter that will benefit hundreds of youth in crisis. The Etobicoke shelter provides short-term housing, support programs and referral services for homeless youth 16 to 24 years of age. Youth Without Shelter purchased a building next to its existing facility and built a link …
  • $5.4M Completes Seniors’ Campus of Care in Parksville
    PARKSVILLE, British Columbia, January 26, 2007 — Federal, provincial and community funding partners gathered today to celebrate the completion of Cokely Manor, a $5.4 million facility conversion and upgrade that provides 30 affordable, assisted living units for Parksville area seniors. The development completes a full campus of care that includes assisted living housing, an adult day …

 

 
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Mortgage Type Inquiries
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Refinance15.33%
First-time Buyer14.85%
Renewal13.94%
No Money Down10.18%
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Variable Rate1.70%
Other4.31%
Last Tally: Apr 10 at 04:15:07
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