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March 2007 National Archive

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Mortgage News & Press Releases - March 2007

  • Bank of Canada keeps target for the overnight rate at 4 1/4 per cent
    OTTAWA, Ontario, March 06, 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. The Canadian and global economies are evolving broadly in line with the Bank's expectations as set out in the January Monetary Policy Report …
  • CMHC Opens Doors to More Self-Employed Homebuyers
    OTTAWA, Ontario, March 06, 2007 — Canada Mortgage and Housing Corporation (CMHC) announced today that it will improve its mortgage loan insurance approval system, through a product enhancement called Self-Employed Simplified, to help more self-employed borrowers realize their dream of homeownership. “Self-Employed Simplified, will make it easier for certain self-employed borrowers …
  • New Ernestine's Women's Shelter Opens Doors for More Women and Children ...
    TORONTO, Ontario, March 08, 2007 — Ernestine's Women's Shelter today officially opened a new 32-bed facility for women and children fleeing violence. The new shelter will provide a safe haven for an additional 50 women and their children each year and offers a variety of accessibility features. The new facility also allows Ernestine's to increase its outreach and counseling services, as …
  • Housing Starts Move Down in February
    OTTAWA, Ontario, March 08, 2007 — The seasonally adjusted annual rate 1 of housing starts was 196,200 units in February, down from 248,500 units in January, according to Canada Mortgage and Housing Corporation (CMHC). “Following the unusually strong surge in construction activity in January, which was partly attributable to the unseasonably warm weather, housing starts in February …
  • Official Opening of Transitional Homes for Homeless Aboriginal People
    WINDSOR, Ontario, March 09, 2007 — Representatives from the Government of Canada and the City of Windsor today joined guests, tenants and community supporters to celebrate the official opening of Biimskiinodin, a new addition to Can-Am Urban Native Homes. The facility will assist families in moving from homelessness to permanent housing through two transitional and affordable units and …
  • Marlborough Stirling Canada receives CICA 5970 accreditation for 2007
    TORONTO, Ontario, March 09, 2007 — Bill Pitkin, Marlborough Stirling Canada (MSC) President and CEO, is pleased to announce that MSC’s hosted mortgage services have successfully passed an annual CICA 5970 audit for the controls over its application service provision (ASP) operations and information technology infrastructure. The scope of this year's audit was expanded to include …
  • New Integrated Housing Complex Opens in Dauphin
    DAUPHIN, Manitoba, March 10, 2007 — A new housing complex, with 21 units providing emergency, long-term and transitional shelter apartments for Dauphin area residents, was officially opened today by Inky Mark, Member of Parliament for Dauphin – Swan River – Marquette on behalf of the Honourable Monte Solberg, Minister of Human Resources and Social Development, and the …
  • Minister Solberg Announces Call for Entries for CMHC Award to Recognize ...
    OTTAWA, Ontario, March 12, 2007 — The Honourable Monte Solberg, Minister of Human Resources and Social Development, and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC) today launched a call for entries to the 2007 CMHC Housing Studies Achievement Award. Up to six prizes of $10,000 — three for Doctoral theses and three for Master’s work — will be …
  • Governments Invest $2 Million for New Affordable Housing in Winnipeg
    WINNIPEG, Manitoba, March 13, 2007 — Low-income seniors in St. Vital will benefit from more than $2 million in funding to build a supportive housing and assisted living apartment block as part of the Riverside Lions Seniors Residences Inc. project. The project is made possible with funding support from the Government of Canada, the Province of Manitoba and the City of Winnipeg, through …
  • REALTORS® propose changes to capital gains tax
    OTTAWA, Ontario, March 16, 2007 — The Canadian Real Estate Association (CREA) has been calling on the federal government to make changes to the Capital Gains Tax that would provide several economic benefits, including a boost in Canada’s productivity, expansion of rental housing, and encouragement of urban regeneration. CREA Chief Executive Officer Pierre Beauchamp said the …
  • Federal Budget Misses Investment Opportunity
    OTTAWA, Ontario, March 19, 2007 — The federal government has failed to provide an opportunity for Canadians to increase their investments in real property. This opportunity would have come in a proposal from The Canadian Real Estate Association (CREA) to allow the deferral of capital gains tax and recaptured capital cost allowance when an investment property is sold, and the proceeds of …
  • $19.7 Million Seniors Complex Opens in Gibsons
    GIBSONS, British Columbia, March 23, 2007 — Federal, provincial and community funding partners gathered today to celebrate the opening of Good Samaritan Canada’s Christenson Village, a $19.7 million seniors assisted living and complex care development in Gibsons. "Canada's New Government is committed to providing housing solutions for seniors, so that they can continue to live in …
  • New National Headquarters for Canadian REALTORS®
    OTTAWA, Ontario, March 23, 2007 — CREA President Alan Tennant, FRI, President-Elect Ann Bosley and Immediate Past President Gerry Thiessen officially opened the new national headquarters for Canadian REALTORS® on Friday March 23rd. Following a two-year search for a suitable asset in downtown Ottawa, The Canadian Real Estate Association (CREA) purchased the seven-storey building at …
  • New Affordable Rental Housing Goes Green in Halifax
    HALIFAX, Nova Scotia, March 24, 2007 — Halifax residents will soon be moving into new, affordable, energy-efficient homes in Fairview. Twenty-three units of affordable rental housing have been built at 37 Main Ave. through the Canada – Nova Scotia Affordable Housing Program Agreement. Gerald Keddy, Member of Parliament for South Shore – St. Margaret's, on behalf of the …
  • Ann Bosley of Toronto is CREA’s 60th President
    OTTAWA, Ontario, March 26, 2007 — Ann Bosley of Toronto, Ontario became the 60th President of The Canadian Real Estate Association on March 24th. Ann is Vice-President of Bosley Real Estate in Toronto, a family-owned firm founded in 1928. She has more than 20 years experience in the real estate industry, joining the CREA Board of Directors as Director-at-Large in 2004. She has served …
  • REALTORS® take key messages to Parliament Hill
    OTTAWA, Ontario, March 26, 2007 — Over 200 REALTORS® and representatives of more than 100 real estate Boards and Associations from across Canada will visit their Members of Parliament on March 26th and 27th to discuss two key federal issues impacting Canada’s real estate industry. The first REALTOR® proposal is to raise the maximum amount Canadians can withdraw from their …
  • Canadian REALTORS® care about their communities
    OTTAWA, Ontario, March 28, 2007 — REALTORS® are actively working to improve the quality of life of Canadians who live and work in their communities, and this was a key theme of the 2007 conference weekend of The Canadian Real Estate Association (CREA). More than 500 REALTORS® and real estate Board and Association staff from across Canada converged on Ottawa for CREA’s …
  • The Bank of Canada Releases Its Annual Report for 2006
    OTTAWA, Ontario, March 29, 2007 — The Bank of Canada's Annual Report for 2006 was tabled in the House of Commons today. Copies of the Report will be available at 12:00 (ET):
  • New Wigwamen Waabnong Building Provides Affordable and Transitional Housing to ...
    TORONTO, Ontario, March 30, 2007 — Representatives from Canada’s New Government, the Province of Ontario and the City of Toronto today joined guests, tenants and community supporters to celebrate the official opening of the new Wigwamen Waabnong affordable housing project in Scarborough’s Malvern community. The building contains 92 affordable and transitional housing units, as …


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