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February 2009 National Archive

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Mortgage News & Press Releases - February 2009

  • County of Hastings Gets $2.8 Million Boost for Affordable Housing
    HASTINGS, Ontario, February 02, 2009 — The Government of Canada and the Government of Ontario today announced $2.8 million in funding for affordable housing in the County of Hastings under the Canada – Ontario Affordable Housing Program. The announcement was made by Daryl Kramp, Member of Parliament for Prince Edward-Hastings, on behalf of the Honourable Diane Finley, Minister of …
  • Down Payment Assistance Provided to 14 Households in the City of Greater Sudbury
    SUDBURY, Ontario, February 02, 2009 — The Government of Canada and the Government of Ontario today announced more than $100,000 in funding to 14 low and moderate-income households in Sudbury under the Homeownership component of the Canada – Ontario Affordable Housing Program. The announcement was made by the Honourable Tony Clement, Minister of Industry, on behalf of the …
  • Durham Region Gets $2 Million Boost for Affordable Housing
    OSHAWA, Ontario, February 02, 2009 — Low-income families, seniors and people with special needs will soon benefit from the development of 29 new affordable homes in the City of Oshawa. More than $2 million committed under the Canada – Ontario Affordable Housing program will help fund the new affordable housing project about to begin construction. The announcement was made by Colin …
  • Norfolk and Haldimand Counties Gets Boost for Affordable Housing
    NORFOLK AND HALDIMAND COUNTIES, Ontario, February 02, 2009 — The Government of Canada and the Government of Ontario today announced more than $579,000 in funding for affordable housing. The funding will help create seven new affordable rental homes and provide down payment assistance to 12 households in the Counties of Norfolk and Haldimand. The announcement was made by the Honourable …
  • Economic Action Plan Supports Canada’s Social Housing Needs and Creates ...
    OTTAWA, Ontario, February 05, 2009 — The Honourable Diane Finley, Minister of Human Resources and Skills Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC) and Minister John Baird, Canada’s Minister of Infrastructure, Transportation and Communities and Member of Parliament for Ottawa West – Nepean, highlighted key initiatives from Budget …
  • 10:07:59 AM Mon, Feb 23 2009Affordable Housing Opens in Edmundston
    EDMUNDSTON, New Brunswick, February 09, 2009 — An affordable housing project was opened here today by the provincial and federal governments. Funded under Phase III of the Canada – New Brunswick Affordable Housing Agreement, the project has created 26 units, 13 of which are affordable housing units. The units will house low-income seniors, non-elderly singles and disabled …
  • January’s Housing Starts Decline
    OTTAWA, Ontario, February 09, 2009 — The seasonally adjusted annual rate 1 of housing starts declined to 153,500 units in January from 172,200 units in December of 2008, according to Canada Mortgage and Housing Corporation (CMHC). “To a certain extent, the decline in housing starts coincides with recent developments in the existing home market. Reduced sales and increased listings …
  • County of Oxford Gets $1.5 Million Boost for Affordable Housing
    COUNTY OF OXFORD, Ontario, February 10, 2009 — The Government of Canada, the Government of Ontario, and the County of Oxford today announced more than $1.5 million in funding for affordable housing. The funding will help create 15 new affordable rental units in Tillsonburg and provide down payment assistance to 63 households in the County of Oxford. The announcement was made by Dave …
  • Down Payment Assistance Provided to 15 Households in District Municipality of ...
    MUSKOKA, Ontario, February 10, 2009 — The Government of Canada and the Government of Ontario today announced more than $112,000 in funding to 15 households in the District Municipality of Muskoka under the Homeownership component of the Canada – Ontario Affordable Housing Program. The Homeownership component of the program provides down-payment assistance for low-income renters to …
  • Toronto gets $4.34 Million Boost for Affordable Housing
    TORONTO, Ontario, February 10, 2009 — The Government of Canada, the Government of Ontario and the City of Toronto today announced $4.34 million in funding that will help to create 62 new affordable rental homes for seniors under the Canada – Ontario Affordable Housing Program. The announcement was made by Jim Flaherty, Finance Minister and Minister Responsible for the GTA, on …
  • Prescott and Russell Celebrates Affordable Housing
    PRESCOTT AND RUSSELL, Ontario, February 13, 2009 — The Government of Canada, the Government of Ontario and the United Counties of Prescott and Russell today celebrated more than $2.3 million in funding for affordable housing in the United Counties of Prescott and Russell. The event marks the grand opening of 25 new affordable housing units in The Nation as well as new funding which will …
  • Bank of Canada announces Deputy Governor appointment
    OTTAWA, Ontario, February 18, 2009 — The Board of Directors of the Bank of Canada today announced the appointment of Timothy D. Lane as Deputy Governor and member of the Governing Council of the Bank effective 18 February. Mr. Lane brings a breadth of recognized policy, economics and management credentials and extensive international experience to the Bank's decision-making processes. …
  • Housing Will Continue to Moderate in 2009
    OTTAWA, Ontario, February 19, 2009 — Housing starts reached 211,056 units in 2008, a decrease from 228,343 in 2007, according to Canada Mortgage and Housing Corporation’s (CMHC) first quarter Housing Market Outlook, Canada Edition * report. Starts are expected to be about 160,250 for 2009 and about 163,350 for 2010. “The new home market is moderating due to a number of key …
  • Housing in Nunavut a Priority for Government of Canada
    IQALUIT, Nunavut, February 19, 2009 — The Honourable Leona Aglukkaq, Minister of Health and Minister Responsible for the North and the Honourable Chuck Strahl, Minister of Indian Affairs and Northern Development and Federal Interlocutor for Métis and Non-Status Indians, today recognized the distinctive housing needs of the North, while reinforcing the Government’s commitment …
  • New Affordable Housing Project Officially Opens in Saint John
    SAINT JOHN, New Brunswick, February 20, 2009 — Twenty-six new affordable housing units for non-elderly singles and persons with disabilities were officially opened today in Saint John by the Government of Canada and the Province of New Brunswick. The new units are funded under Phase II of the Canada – New Brunswick Affordable Housing Agreement. Rodney Weston, MP for Saint John, on …

 

 
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