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July 2009 National Archive

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Mortgage News & Press Releases - July 2009

  • Government of Canada Celebrates Canada Day at Granville Island
    VANCOUVER, British Columbia, July 01, 2009 — The Honorable Senator Gerry St. Germain, representing Langley – Pemberton – Whistler, on behalf on the Honourable Diane Finley, Minister of Human Resources and Skills Development Canada and Minister Responsible for Canada Mortgage and Housing Corporation, celebrated Canada Day today at Granville Island — one of …
  • Construction to Begin on Affordable Housing Projects in Kawartha Lakes
    KAWARTHA LAKES, Ontario, July 03, 2009 — The Government of Canada, the Province of Ontario and the City of Kawartha Lakes today announced more than $8.2 million to fund two construction-ready projects in Kawartha Lakes. The funding was made available as a result of a $1.2-billion joint investment under the amended Canada-Ontario Affordable Housing Program Agreement, which includes …
  • Housing Starts Increase in June
    OTTAWA, Ontario, July 09, 2009 — The seasonally adjusted annual rate 1 of housing starts increased to 140,700 units in June from 130,300 units in May, according to Canada Mortgage and Housing Corporation (CMHC). “The increase in housing starts in June is broadly based, encompassing both the singles and multiples segments,” said Bob Dugan, Chief Economist at CMHC. “In …
  • Construction Set to Begin on New Affordable Housing in Windsor
    WINDSOR, Ontario, July 10, 2009 — The Government of Canada, the Province of Ontario and the City of Windsor today announced $1.9 million to fund six construction-ready projects. The funding was made available as a result of a $1.2 billion joint investment under the amended Canada – Ontario Affordable Housing Program Agreement, which includes funding through Canada’s Economic …
  • Ottawa Celebrates New Affordable Housing
    OTTAWA, Ontario, July 10, 2009 — The Government of Canada, the Government of Ontario and the City of Ottawa today celebrated the start of construction of the Beaver Barracks housing project that will create 248 new affordable housing units in Ottawa. The project, developed by Centretown Citizens Ottawa Corporation (CCOC), is supported by $18.3 million in funding through the Canada – …
  • Peterview Celebrates New Affordable Housing
    PETERVIEW, Newfoundland & Labrador, July 10, 2009 — The Government of Canada, the Government of Newfoundland and Labrador and the Municipality of Peterview today celebrated the opening of 10 new affordable rental units. The Quiet Corners Housing Complex is supported by more than $1 million in funding under the Canada – Newfoundland and Labrador Affordable Housing Program which …
  • Construction Set to Begin on New Affordable Housing in Caledon
    CALEDON, Ontario, July 14, 2009 — The Government of Canada, the Province of Ontario and the Region of Peel today announced $1.8 million to fund a construction-ready project in Caledon. The funding was made available as a result of a $1.2 billion joint investment under the amended Canada – Ontario Affordable Housing Program Agreement, which includes funding through Canada’s …
  • Construction Starts on Affordable Housing Complex in Sudbury
    SUDBURY, Ontario, July 14, 2009 — The Government of Canada, the Government of Ontario, and the City of Greater Sudbury today launched an affordable housing project that will create 80 units of affordable housing for low-income individuals and families in Sudbury. The Honourable Tony Clement, Minister of Industry and Member of Parliament for Parry Sound – Muskoka, on behalf of the …
  • MLS® home sales rebound in the second quarter
    OTTAWA, Ontario, July 14, 2009 — National resale housing market activity bounced back strongly inthe second quarter of 2009 above levels reported for the sameperiod last year. Demand continues to rebound sharply in some of
  • Canada’s Economic Action Plan Helps to Improve On-Reserve Social Housing ...
    VANCOUVER, British Columbia, July 15, 2009 — The Government of Canada announced today a $5.3 million investment, as part of Canada’s Economic Action Plan, for the Musqueam First Nation to build 31 social housing units to improve living conditions for the Musqueam community. The Honourable Stockwell Day, Minister of International Trade and Minister Responsible for the Asia – …
  • Hastings County Celebrates New Affordable Housing
    BELLEVILLE, Ontario, July 20, 2009 — The Government of Canada, the Government of Ontario, and Hastings County today celebrated 40 affordable housing units in six new projects. The projects are supported by $2.8 million in funding under the Canada – Ontario Affordable Housing Program. Daryl Kramp, Member of Parliament for Prince Edward – Hastings, on behalf of the Honourable …
  • Bank of Canada maintains overnight rate target at 1/4 per cent and reiterates ...
    OTTAWA, Ontario, July 21, 2009 — The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/4 per cent. The Bank Rate is unchanged at 1/2 per cent and the deposit rate is 1/4 per cent. The global economy has suffered an intense, synchronous recession and considerable excess supply has opened up. There are now increasing signs that economic activity …
  • Canada’s Economic Action Plan Delivers Housing-Related Infrastructure ...
    COURTRIGHT, Ontario, July 24, 2009 — The Government of Canada announced today that the Township of St. Clair has been approved for an infrastructure loan as part of Canada’s Economic Action Plan. The announcement was made by Patricia Davidson, Member of Parliament for Sarnia – Lambton, on behalf of the Honourable Diane Finley, Minister of Human Resources and Skills …
  • Green Dream Home EQuilibrium™ Demonstration Project Starts Construction ...
    KAMLOOPS, British Columbia, July 24, 2009 — The Government of Canada today marked the start of construction of the Green Dream Home demonstration project, an energy-efficient and environmentally friendly home to be built in Kamloops. The home will be constructed by the Canadian Home Builders’ Association Central Interior (CHBA CI), in partnership with Thompson Rivers University …
  • New Affordable Seniors Housing in Watson Lake
    WATSON LAKE,, July 27, 2009 — The governments of Canada and Yukon, along with community partners, participated in a sod-turning today on a $4.5 million, 12-unit housing development for seniors. The funding was made available as a result of a $60 million joint investment under an amendment to the Canada – Yukon Affordable Housing Agreement which includes funding through …

 

 
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