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January 2009 National Archive

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Mortgage News & Press Releases - January 2009

  • New Affordable Housing Announced in Saint John
    SAINT JOHN, New Brunswick, January 05, 2009 — The construction of 21 new affordable housing units in Saint John was officially announced today by the Province of New Brunswick and the Government of Canada. The new units, funded under Phase III of the Canada – New Brunswick Affordable Housing Agreement, will house disabled persons, non-elderly singles and families. Social …
  • Housing Starts Moderate in December
    OTTAWA, Ontario, January 09, 2009 — The seasonally adjusted annual rate 1 of housing starts was 177,300 units in December, down marginally from 178,000 units in November, according to Canada Mortgage and Housing Corporation (CMHC). “Housing starts in December were almost unchanged compared to November,” said Bob Dugan, Chief Economist at CMHC’s Market Analysis Centre. …
  • New Affordable Housing Officially Opens for Families in Saint John
    SAINT JOHN, New Brunswick, January 12, 2009 — The Government of Canada and the Province of New Brunswick officially opened a new affordable housing project for low income families in Saint John today. Funded under the Phase III of the Canada – New Brunswick Affordable Housing Agreement, the project will create 48 new units, of which 24 are affordable housing units. Social …
  • Laebon CHESS EQuilibrium™ Demonstration Home Officially Opens in Red ...
    RED DEER, Alberta, January 16, 2009 — Today, the Government of Canada announced the official opening of the Laebon Canadian Housing Energy Sustainable Solutions (CHESS) demonstration home, an energy-efficient and environmentally-friendly home in Red Deer Alberta. The CHESS project is the third CMHC EQuilibrium™ demonstration home to open in Alberta, and the sixth across Canada. …
  • Prince Edward Island, Government of Canada, and Local Aboriginal Organizations ...
    CHARLOTTETOWN, Prince Edward Island, January 16, 2009 — New affordable housing will be constructed in Charlottetown later this year for low-income Aboriginal seniors, first-time Aboriginal homeowners, and First Nations people who require temporary transitional housing. The investment is made possible through the Off-Reserve Affordable Housing Trust, a one-time federal grant of $704,500. …
  • Affordable Homeownership Project Announced in Saint John
    SAINT JOHN, New Brunswick, January 19, 2009 — Construction is underway in Saint John on a three-unit housing project giving modest-income occupants the opportunity to rent, then potentially to own their first new home. Social Development Minister Mary Schryer, who is also minister responsible for housing, and Saint John MP Rodney Weston made the announcement today. The project is being …
  • Bank of Canada lowers overnight rate target by 1/2 percentage point to 1 per ...
    OTTAWA, Ontario, January 20, 2009 — The Bank of Canada today announced that it is lowering its target for the overnight rate by one-half of a percentage point to 1 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 1 1/4 per cent. The outlook for the global economy has deteriorated since the Bank's December interest rate …
  • Construction Set to Begin for Affordable Housing in Markham
    MARKHAM, Ontario, January 20, 2009 — Low-income families, seniors and people with special needs will soon benefit from the development of 120 new affordable housing units in the Town of Markham. More than $8.4 million committed under the Canada – Ontario Affordable Housing program will help fund a new affordable housing project about to begin construction. The announcement was …
  • Lilly Building Project Will Provide Housing and Opportunities for Youth
    ST. JOHN'S, Newfoundland & Labrador, January 20, 2009 — With the support of the federal and provincial governments, Choices for Youth’s Lilly Building Project will fill a significant housing gap within the city by combining 14 safe affordable housing units with on-site support, a basic literacy and math skill program, and an employment preparation program. The project has …
  • Bank of Canada releases Monetary Policy Report Update
    OTTAWA, Ontario, January 22, 2009 — The Bank of Canada today released its January Monetary Policy Report Update, which discusses current economic and financial trends in the context of Canada's inflation-control strategy. In the Update, the Bank noted that the outlook for the global economy has deteriorated since the October Monetary Policy Report, with the intensifying financial crisis …
  • Government of Canada Helps to Improve Housing Affordability and Choice
    OTTAWA, Ontario, January 22, 2009 — The Honourable Diane Finley, Minister of Human Resources and Skills Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC), announced today eight new grants that will improve housing affordability for Canadians. The grants, totalling $38,000, are being awarded under CMHC’s Affordability and Choice Today (ACT) …
  • Construction is Underway for Affordable Housing in Burlington
    BURLINGTON, Ontario, January 23, 2009 — The Government of Canada, the Government of Ontario and the Region of Halton are pleased to announce the construction of Bonnie Place II, an affordable housing development under the Canada – Ontario Affordable Housing Program located at 510 Claridge Road in Burlington. The $15.6 million, 83-unit project is sponsored by Bonnie Place and …
  • Bank of Canada's continued focus on inflation right for current economic ...
    HALIFAX, Nova Scotia, January 27, 2009 — Canadians can be confident that monetary policy will maintain a "relentless" focus on controlling inflation, whether it rises above or drops below the official target range, Bank of Canada Governor Mark Carney said today. Experience has shown that controlling inflation is the best contribution that monetary policy can make to Canadians' economic …

 

 
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