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July 2007 National Archive

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Mortgage News & Press Releases - July 2007

  • Developer Breaks Ground on First EQuilibrium Demonstration House in Ontario
    OTTAWA, Ontario, July 03, 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. Inspiration — The Minto EcoHome will be built in Manotick, Ontario as part of CMHC’s EQuilibrium sustainable …
  • Arts Community Welcomes Housing for Seniors & Disabled
    VANCOUVER, British Columbia, July 09, 2007 — A $20.7 million, 111-unit mixed-income housing project for seniors and disabled persons in the professional performing arts officially opened today in Vancouver’s Coal Harbour. “The Vancouver Performing Arts Lodge is a great example of how partnerships can create quality, affordable housing for seniors and individuals with …
  • Brantford’s Nova Vita Now Offers More Transitional Housing
    BRANTFORD, Ontario, July 09, 2007 — Women and children fleeing family violence will now benefit from six new transitional housing units at the Maria House, A Home for Families in Transition. Gary Goodyear, Member of Parliament for Cambridge, on behalf of the Honourable Monte Solberg, Minister of Human Resources and Social Development and representatives of the Nova Vita Domestic …
  • Bank of Canada raises overnight rate target by 1/4 percentage point to 4 1/2 ...
    OTTAWA, Ontario, July 10, 2007 — The Bank of Canada today announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 4 1/2 per cent. The operating band for the overnight rate is correspondingly increased, and the Bank Rate is now 4 3/4 per cent. Economic growth and inflation in Canada in the first half of this year have been stronger than …
  • Housing Starts Decrease in June
    OTTAWA, Ontario, July 10, 2007 — The seasonally adjusted annual rate 1 of housing starts was 225,500 units in June, down from 235,200 units in May, according to Canada Mortgage and Housing Corporation (CMHC). “Following a significant increase in May, the volatile multiple segment lost most of the ground it gained in June,” said Bob Dugan, Chief Economist at CMHC’s …
  • Hanley Seniors to Benefit From New Housing Project
    HANLEY, Saskatchewan, July 11, 2007 — Construction of a seniors housing project featuring 12 affordable rental units officially began today with a sod turning ceremony in the Town of Hanley. “Canada’s New Government is committed to supporting affordable housing solutions for seniors,” said Lynne Yelich, Parliamentary Secretary to the Minister of Human Resources and …
  • Bank of Canada releases Monetary Policy Report Update
    OTTAWA, Ontario, July 12, 2007 — Bank of Canada today released the July update to its Monetary Policy Report, which discusses current economic and financial trends in the context of Canada's inflation-control strategy. Economic growth and inflation in Canada in the first half of this year have been stronger than was expected in the April Monetary Policy Report. Final domestic demand has …
  • CanEquity Mortgage Seeking In-House Mortgage Consultant in Calgary
    CALGARY, Alberta, July 16, 2007 — The Canadian Equity Group Inc. (CEG) is currently looking for an in-house, self-motivated Mortgage Consultant to work in our head office located in Calgary, Alberta. The right candidate must be capable of closing up to 40 mortgage deals per month, and have a strong desire to succeed. This individual should be an excellent team player with at least three …
  • Affordable Housing to Benefit Fort McMurray
    CALGARY, Alberta, July 17, 2007 — Fort McMurray residents struggling with high housing costs are being offered support today with the official opening of two new affordable rental projects. Prospect View and Breakwaters will provide a total of 196 units of affordable housing for both public sector employees and low-to-moderate income families and individuals. The projects received …
  • First Assisted Living Developments for Haida Gwaii
    QUEEN CHARLOTTE-HAIDA GWAII, British Columbia, July 18, 2007 — Construction is underway on a $1.8 million, four-unit development in Queen Charlotte City and a $1 million four-unit development in Masset that will provide the first units of assisted living for seniors and young adults with disabilities on Haida Gwaii. “Canada’s New Government is committed to making affordable …
  • Two New Affordable Housing Projects Open in Kingston
    KINGSTON, Ontario, July 19, 2007 — Canada’s New Government, the Government of Ontario and the City of Kingston held a ribbon-cutting ceremony today to mark the official opening of Elizabeth Fry Society — Kaye Healey Homes and Tipi Moza (Iron Homes), two new projects that will create eight units of affordable housing for families and single people in Kingston under the Canada …
  • Affordable Housing Units for Saint-Léonard
    SAINT-LÉONARD, New Brunswick, July 24, 2007 — The construction of a new affordable housing facility for seniors in Saint-Léonard under the Canada – New Brunswick Affordable Housing Agreement was officially launched today. The Honourable Mary Schryer, New Brunswick Minister of State for Housing and representatives of the federal government launched the construction …
  • Bank of Canada releases 2008 schedule of dates for its policy interest rate ...
    OTTAWA, Ontario, July 25, 2007 — The Bank of Canada today released its 2008 schedule of eight dates for announcing decisions on its key policy interest rate, and confirmed the announcement dates for the remainder of this year. The announcement dates from September 2007 through December 2008 are: Wednesday, 5 September 2007
  • New Off-Reserve Aboriginal Housing Units Announced
    VANCOUVER, British Columbia, July 25, 2007 — More than $50 million will create 292 housing units in 10 communities across the province under the Aboriginal Housing Initiative, Minister responsible for Housing Rich Coleman announced today. “One of the goals of our provincial housing strategy is to assist the 30 per cent of Aboriginal families living off-reserve in inadequate or …
  • Celebration Marks Construction of New Affordable Housing in Hamilton
    HAMILTON, Ontario, July 30, 2007 — Canada’s New Government, the Government of Ontario and the City of Hamilton held a time capsule placement ceremony today to mark the start of construction of the Terraces on King, an affordable housing project that will provide rental units for lower-income families, seniors and persons with disabilities under the Canada – Ontario Affordable …


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