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May 2007 National Archive

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Mortgage News & Press Releases - May 2007

  • New record for MLS® home sales expected again in 2007
    OTTAWA, Ontario, May 01, 2007 — Boosted by record activity levels in the first quarter, national MLS® home sales activity is expected to reach new heights again in 2007, according to a new residential forecast prepared by The Canadian Real Estate Association. National home sales are forecast to rise by 3.6 per cent to 500,995 units in 2007, and will set new records in most …
  • Thirty-One New Affordable Housing Units Open in London
    LONDON, Ontario, May 04, 2007 — Canada’s New Government, the Government of Ontario and the City of London marked the official opening of two new affordable housing developments today. The two projects, at 34 Covent Market Place and at 211 Dundas Street, will create a total of 31 units of affordable housing for individuals, seniors, and families. Joe Preston, Member of Parliament …
  • Youth Resource Centre in Brantford Celebrates Expansion
    BRANTFORD, Ontario, May 04, 2007 — St. Leonard’s Community Services today celebrated the opening of its expanded 20-bed Youth Resource Centre that will benefit youth in crisis. “Canada’s New Government is committed to supporting housing for at-risk youth,” said Gary Goodyear, Member of Parliament for Cambridge, on behalf of the Honourable Monte Solberg, Minister …
  • Housing Starts Continue to Ease in April
    OTTAWA, Ontario, May 08, 2007 — The seasonally adjusted annual rate 1 of housing starts was 211,900 units in April, down from 214,000 units in March, according to Canada Mortgage and Housing Corporation (CMHC). “Housing starts in April remain strong and are in line with our new home construction forecast for 2007,” said Bob Dugan, Chief Economist at CMHC’s Market …
  • Minister Solberg Announces Winners of CMHC Housing Research Grants
    OTTAWA, Ontario, May 10, 2007 — Fifteen Canadian researchers will be awarded up to $25,000 each under Canada Mortgage and Housing Corporation’s (CMHC’s) External Research Program (ERP), the Honourable Monte Solberg, Minister of Human Resources and Social Development and Minister Responsible for CMHC, announced today. “Canada’s New Government is pleased to support …
  • Lester B. Pearson Place Officially Opens
    TORONTO, Ontario, May 11, 2007 — Canada’s New Government, the Government of Ontario and the City of Toronto, along with NUC-TUCT Non-Profit Homes Corporation, marked the official opening of Lester B. Pearson Place, a new affordable housing apartment complex in Toronto. The building, located at 45 Cummer Avenue, provides 53 apartments for families, seniors and single people with …
  • Northern Ontario Communities Get $4 Million for Affordable Housing
    KIRKLAND LAKE, Ontario, May 11, 2007 — Canada’s New Government and the government of Ontario today announced an allocation of $4 million to renovate housing for low-income households in Northern Ontario, including aboriginal families living off-reserve, under the Canada – Ontario Affordable Housing Program. Frontiers Foundation Inc. and ManTech Services are the successful …
  • Housing Starts Will Slow Down in 2007 and 2008
    OTTAWA, Ontario, May 15, 2007 — Housing starts will ease this year to 213,425 units after reaching 227,395 units in 2006, according to Canada Mortgage and Housing Corporation’s (CMHC) second quarter Housing Market Outlook, Canada Edition report. Residential construction will continue to decline in 2008 to 200,175 units, marking 7 consecutive years in which housing starts exceed …
  • The Bank of Canada's Target for the Overnight Interest Rate: Policy ...
    OTTAWA, Ontario, May 17, 2007 — The Bank of Canada has released The Bank of Canada's Target for the Overnight Interest Rate: Policy Implementation Framework . This document outlines the framework within which the Bank implements monetary policy, including the target for the overnight interest rate, the operating band, open market buyback operations, and settlement balances. Effective …
  • 87 Units to Help Homeless Being Built Downtown
    VANCOUVER, British Columbia, May 18, 2007 — Construction has begun on an 87-unit, $15.5 million supportive housing development that will help people at risk of homelessness and those recovering from alcohol and drug dependencies. “Canada's New Government is working to ensure funding is available for projects like this one in Vancouver, that address the challenges of homelessness …
  • Medicine Hat Celebrates the Grand Opening of Two Affordable Housing Projects
    MEDICINE HAT, Alberta, May 18, 2007 — Federal, provincial, municipal and community partners gathered in Medicine Hat today to celebrate the joint grand opening of Medicine Hat Community Housing Society (MHCHS) and Classic Construction Ltd. affordable housing developments. The projects will help provide housing for lower income families, individuals and people with disabilities. …
  • $8 Million Seniors Housing Complex Opens in Powell River
    POWELL RIVER, British Columbia, May 22, 2007 — Federal, provincial and community funding partners celebrated the official opening of Kiwanis Garden Manor, a new $8 million housing development that will provide 40 assisted living units to Powell River seniors. “Canada’s New Government is committed to making affordable housing more available in British Columbia and across …
  • New Affordable Housing Project in Saint John
    SAINT JOHN, New Brunswick, May 22, 2007 — Low income families and individuals in Saint John will have access to more affordable housing with the construction of a new affordable housing project by Housing Alternatives Inc. The housing project, Rehabitat Inc., will receive $1.2M under the Canada – New Brunswick Affordable Housing Agreement and involves a total of 16 affordable …
  • New Affordable Housing Opens for Vancouver Seniors
    VANCOUVER, British Columbia, May 23, 2007 — A new $17.2 million housing development officially opened in the Champlain Heights area of Vancouver, providing 57 subsidized, assisted living, apartments for seniors. “Housing projects like Southview Heights will help ensure that our seniors continue to live active and independent lives,” said James Moore, Member of Parliament for …
  • New Affordable Housing Project Opens in County of Oxford
    WOODSTOCK, Ontario, May 23, 2007 — Canada’s New Government, the Government of Ontario and the County of Oxford held a ribbon-cutting ceremony today to mark the official opening of the Homestead Christian Care Supported Independent Living Apartments, an affordable housing project provides rental units for lower-income families and single persons under the Canada – Ontario …
  • $2 Million Housing for Seniors Opens in Nakusp
    NAKUSP, British Columbia, May 24, 2007 — Seniors in the Interior now have access to more housing and health options after today’s official opening of Halcyon House, a newly-converted, $2 million assisted living development in Nakusp. Halcyon House is the first housing development of its kind to open in Nakusp, with 10 new units of assisted living for seniors. These units are …
  • 30 Supportive Housing Units to Help Homeless in Kelowna
    KELOWNA, British Columbia, May 24, 2007 — Construction will begin on Cardington Apartments, a new 30-unit, $5.5 million supportive housing development for homeless adults with mental health and addictions issues, following an official groundbreaking ceremony today. “Canada’s New Government understands the special needs of individuals who are struggling with mental health and …
  • New Assisted Living Units Benefit Houston Seniors
    HOUSTON, British Columbia, May 24, 2007 — Federal, provincial and community partners gathered today to celebrate the opening of five units of assisted living at the Houston Lions Senior Citizens Home Society’s Cottonwood Manor. The five units were added to 16 existing units to expand the range of housing and care options available to Houston and area seniors. "Canada's New …
  • YWCA Renovations Help Saskatoon Families and Children
    SASKATOON, Saskatchewan, May 24, 2007 — YWCA Saskatoon shelter and residence officially re-opened today thanks to federal and provincial funding totaling $856,500. The project is fully funded through the Residential Rehabilitation Program (RRAP), which is cost shared between Canada Mortgage and Housing Corporation (75 per cent) and Saskatchewan Housing Corporation (25 per cent). …
  • Six Affordable Housing Projects Open in Region of Waterloo
    KITCHENER, Ontario, May 25, 2007 — Canada’s New Government, the Government of Ontario, and the Region of Waterloo celebrated the official opening of six new affordable housing projects in Waterloo Region, which will create a total of 82 units of affordable housing under the Canada – Ontario Affordable Housing Program. The Honourable Monte Solberg, Minister of Human Resources …
  • Supportive Housing for Abused Women Opens in Victoria
    VICTORIA, British Columbia, May 25, 2007 — Mature women who have left abusive relationships now have more options for safe and affordable supportive housing with the opening of the Victoria Women’s Transition House Society’s 23 unit Harrison Place. "Canada's New Government is proud to help provide safe and supportive housing to women in Victoria," said the Honourable Gary …
  • Assisted Living Apartments Open in Barriere
    BARRIERE, British Columbia, May 29, 2007 — Seniors in Barriere now have access to assisted living with the opening of a new, 10-unit, $3.7 million addition to the Yellowhead Pioneer Lodge Residence. “With the opening of Yellowhead Pioneer Lodge Residence, seniors in Barriere will have access to safe and supportive housing,” said Betty Hinton, MP for Kamloops — Thompson …

 

 
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