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February 2008 National Archive

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Mortgage News & Press Releases - February 2008

  • January: A Busy Month For Mortgage Associates
    CALGARY, Alberta, February 01, 2008 — While the mortgage market seems to have cooled south of the border, CanEquity Mortgage is proving that their business is no where near frozen like the recent winter temperatures that have hit most of Canada. Secure online website transactions are keeping CanEquity, a national Canadian mortgage brokerage firm, on the leading edge of the global …
  • Housing Starts to Fall Slightly in 2008
    OTTAWA, Ontario, February 04, 2008 — Housing starts reached 228,343 units in 2007, an increase of 0.4 per cent from 227,395 in 2006, according to Canada Mortgage and Housing Corporation's (CMHC) first quarter Housing Market Outlook, Canada Edition report. In 2008, residential construction will decline to about 211,700 units, given higher mortgage carrying costs. Nevertheless, Canada's …
  • Minister Solberg Says Federal Involvement in Housing Has Never Been Stronger
    OTTAWA, Ontario, February 07, 2008 — The Honourable Monte Solberg, Minister of Human Resources and Social Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC) today commented on the federal government’s commitment to helping Canadians who are seeking to break free from the cycles of homelessness and poverty. “Addressing the issues of …
  • Saskatchewan Housing Market to Lead the Nation in 2008
    SASKATOON, Saskatchewan, February 07, 2008 — Housing market analysts predict Saskatchewan will set several new records this year. The sold-out crowd attending Canada Mortgage and Housing Corporation’s (CMHC) Saskatchewan Housing Outlook Conference will hear first-hand today about the anticipated hike in the province’s real estate prices. Speakers and conference participants …
  • Housing Starts Rebound in January
    OTTAWA, Ontario, February 08, 2008 — The seasonally adjusted annual rate 1 of housing starts was 222,700 units in January, up from 184,700 units in December, according to Canada Mortgage and Housing Corporation (CMHC). “Historically low mortgage rates, solid employment and income growth as well as a high level of consumer confidence continue to underpin the high level of housing …
  • CanEquity lowers mortgage rates
    CALGARY, Alberta, February 15, 2008 — CanEquity Mortgage lowered the following residential mortgage interest rates, effective immediately: 1-year closed 5.20% (-0.10%)
  • Affordable Housing for Seniors Announced in Fredericton
    FREDERICTON, New Brunswick, February 18, 2008 — The Government of Canada and the Province of New Brunswick officially announced an affordable housing project for seniors and non-elderly singles in Fredericton today. Funded under the Canada – New Brunswick Affordable Housing Agreement and the Housing Trust fund, the project will create 45 new units, of which 33 are affordable housing …


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