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June 2009 National Archive

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Mortgage News & Press Releases - June 2009

  • Chapelview Celebrates a Milestone
    BRAMPTON, Ontario, June 01, 2009 — The Government of Canada, the Government of Ontario and the Region of Peel celebrated the structural completion of Chapelview, a new 16-storey housing development in downtown Brampton that will create 200 units of affordable housing for singles and seniors in Peel. The project received $5.8 million from the Canada – Ontario Affordable Housing …
  • Government of Canada Launches New Sustainable Communities Initiative
    OTTAWA, Ontario, June 01, 2009 — Communities across Canada will benefit from better energy efficiency and improved environmental impact, thanks to a new initiative launched today by the Government of Canada. The new $4.2- million, EQuilibrium™ Communities Initiative will seek to improve community planning and develop healthy sustainable communities that are energy-efficient, …
  • Bank of Canada maintains overnight rate target at 1/4 per cent and reiterates ...
    OTTAWA, Ontario, June 04, 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. Information received since the Bank's April Monetary Policy Report (MPR) is broadly consistent with the Bank's medium-term outlook for output and inflation in Canada. …
  • Construction Begins on Affordable Housing Project in St. Catharines
    ST. CATHARINES, Ontario, June 04, 2009 — The Government of Canada, the Government of Ontario, Niagara Region, the City of St. Catharines, and Niagara Regional Housing today celebrated the start of construction of a new apartment complex that will provide nine units of affordable housing in St. Catharines. The project received $630,000 in funding through the Canada – Ontario …
  • Affordable Housing in Manitoba gets a $192-Million Boost
    WINNIPEG, Manitoba, June 05, 2009 — The Government of Canada and the province of Manitoba are partnering on a joint investment to build new and renovate existing affordable housing. This investment will help create jobs, strengthen the economy, and improve the quality of life for the residents of Manitoba. Both levels of government officially signed an amendment to the Canada – …
  • Renovation Spending Across 10 Major Centres up by $1.6 Billion in 2008
    OTTAWA, Ontario, June 05, 2009 — An estimated 1.7 million households in 10 major Canadian centres surveyed indicated they completed renovations last year that cost an average of approximately $12,600, according to the Renovation and Home Purchase Survey released today by Canada Mortgage and Housing Corporation (CMHC). “Close to $21.3 billion was spent on renovations in 2008 across …
  • Canada’s Economic Action Plan Makes Housing a Priority
    ST ÉTIENNE DE LAUZON, Quebec, June 06, 2009 — Low-income Canadians, including seniors and persons with disabilities will be well served by funding to renovate and build new social housing across Canada, thanks to Canada’s Economic Action Plan, Jacques Gourde, Parliamentary Secretary to the Minister of Public Works and Government Services and to the Minister of National …
  • Komoka Seniors’ Apartments Celebrates Official Opening
    KOMOKA, Ontario, June 06, 2009 — The Government of Canada, the Government of Ontario, and the Municipality of Middlesex Centre in the County of Middlesex today celebrated the opening of 20 new affordable rental units. This project is supported by $1.4 million in funding through the Canada – Ontario Affordable Housing Program. Bev Shipley, Member of Parliament for Lambton – …
  • Housing Starts Increase in May
    OTTAWA, Ontario, June 08, 2009 — The seasonally adjusted annual rate 1 of housing starts increased to 128,400 units in May from 117,600 units in April, according to Canada Mortgage and Housing Corporation (CMHC). “The increase in May is broadly based, encompassing both the singles and multiples segments,” said Bob Dugan, Chief Economist at CMHC’s Market Analysis …
  • New Residence Opens for Naotkamegwanning First Nation Elders
    KENORA, Ontario, June 08, 2009 — Mr. Greg Rickford, Member of Parliament for Kenora, joined with Naotkamegwanning First Nation and Chief Warren White to celebrate the grand opening of a new 10-unit seniors residence today, which was officially opened by Chief Warren White and will be home to more than 30 elders. “The Government of Canada is committed to creating safe and …
  • Saskatoon and North Battleford Approved for Infrastructure Loans
    WHISTLER, British Columbia, June 08, 2009 — Speaking to delegates at the annual conference of the Federation of Canadian Municipalities, the Honourable John Baird, Canada’s Minister of Transport and Infrastructure, on behalf of the Honourable Diane Finley, Minister of Human Resources and Skills Development Canada and Minister Responsible for Canada Mortgage and Housing Corporation …
  • Affordable Housing in Ontario Gets a $1.2 Billion Boost
    TORONTO, Ontario, June 09, 2009 — The Government of Canada and the Province of Ontario are partnering on a joint investment to build new and renovate existing affordable housing. This investment will help create jobs, strengthen the economy, and improve the quality of life for residents of Ontario. Both levels of government officially signed an amendment to the Canada – Ontario …
  • Canadian Home Purchasers Savvy and Optimistic
    OTTAWA, Ontario, June 09, 2009 — Canada Mortgage and Housing Corporation’s (CMHC) 2009 Mortgage Consumer Survey results were released today, and indicate that nearly 90 per cent of recent home purchasers across the country believe that home ownership is a good long-term investment and that almost 70 per cent think that now is a good time to purchase a home in their community. The …
  • National Rental Vacancy Rate Edges Higher
    OTTAWA, Ontario, June 10, 2009 — The average rental apartment vacancy rate in Canada's 35 major centres 1 increased slightly to 2.7 per cent in April 2009, from 2.6 per cent in April 2008, according to the spring Rental Market Survey 2 released today by Canada Mortgage and Housing Corporation (CMHC). Completions of condominiums, which continue to attract renter households looking to …
  • Path to Renewed Globalization Critical for New World Economic Order, Governor ...
    MONTREAL, Quebec, June 11, 2009 — Countries around the world must work toward a new global economythat is open, resilient, and responsible, Bank of Canada GovernorMark Carney said today, as he laid out an agenda for the renewal of
  • National resale housing continues to rise in May
    OTTAWA, Ontario, June 15, 2009 — June 15th, 2009 – National resale housing market activity returned to pre-recession levels in May 2009. The rebound in activity is being led by an increase in transactions in some of the most expensive markets in the country, which is skewing the national average price upward. According to statistics released by The Canadian Real Estate Association …
  • Financial System Stability is Key Determinant of Economy's Ability to Rebound ...
    REGINA, Saskatchewan, June 18, 2009 — Despite the often discussed "green shoots" in the global economy,much hard work remains to be done before a recovery will take hold,Bank of Canada Governor Mark Carney said today. "Saskatchewanians
  • Habitat for Humanity Iqaluit Launches First Midnight Sun Build
    IQALUIT, Nunavut, June 20, 2009 — Today marked the launch of Habitat for Humanity Iqaluit’s first Midnight Sun Build to help address housing needs in the North. The build will take place on a lot near the intersection of Niaqunngusiariaq (Apex Road) and the Road to Nowhere. Beginning at noon on Saturday, volunteers from across Canada will take advantage of the longest day of the …
  • Launch of National Seniors’ Housing Survey
    OTTAWA, Ontario, June 22, 2009 — Canada Mortgage and Housing Corporation (CMHC) launched its newNational Seniors’ Housing Survey today. The survey, conductedin all provinces, collected information on vacancy rates and rents
  • Government of Canada Helps to Improve Housing Affordability and Choice
    OTTAWA, Ontario, June 23, 2009 — The Honourable Diane Finley, Minister of Human Resources and Skills Development Canada and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC), today announced 17 new grants that will improve housing affordability for Canadians. The grants, totalling more than $84,000, are being awarded under CMHC’s Affordability and Choice Today …
  • More and Better Affordable Homes in Downtown Winnipeg: Toews, Mackintosh ...
    WINNIPEG, Manitoba, June 25, 2009 — Hundreds of students, new Canadians, seniors and families are among more than 1,700 households that will benefit from new and improved housing in the downtown Winnipeg area. The Honourable Vic Toews, President of the Treasury Board and Member of Parliament for Provencher, on behalf of the Honourable Diane Finley, Minister of Human Resources and Skills …
  • Canada - Alberta Agreement Boosts Affordable Housing Funding
    CALGARY, Alberta, June 25, 2009 — The Government of Canada and the Government of Alberta are partnering on a joint investment to build new and renovate existing affordable housing. This investment will help create jobs, strengthen the economy, and improve the quality of life for residents of Alberta. Both levels of government officially signed an amendment to the Canada – Alberta …
  • Moncton VISION EQuilibrium™ Demonstration Home Starts Construction in ...
    MONCTON, Ontario, June 25, 2009 — The Government of Canada marked the start of construction of the Moncton VISION demonstration home, an energy-efficient and environmentally-friendly home to be built in Moncton, New Brunswick. The home will be constructed by AlternaHome Solutions Inc. in partnership with VISION Land Development Ltd., as part of Canada Mortgage and Housing …

 

 
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Below is a tally of our most popular mortgage product inquiries made using our secure online application for Internet users in the province of Yukon Territories.

Mortgage Type Inquiries
Qualification29.26%
Purchase27.04%
First-time Buyer14.07%
No Money Down11.11%
Renewal6.30%
Refinance3.70%
Pre-approval2.22%
Commercial2.22%
Equity Mortgage1.48%
Other2.59%
Last Tally: Apr 10 at 04:15:07
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