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October 2009 National Archive

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Mortgage News & Press Releases - October 2009

  • Quebec Set to Introduce Licensing for Real Estate and Mortgage Industries
    MONTREAL, Quebec, October 06, 2009 — The Canadian Association of Accredited Mortgage Professionals(CAAMP) is looking forward to the adoption of licensing regulationsincluded in the new Loi sur le courtage immobilier adopted by the
  • September Housing Starts
    OTTAWA, Ontario, October 08, 2009 — The seasonally adjusted annual rate 1 of housing starts reached 150,100 units in September compared to 157,300 units in August, according to Canada Mortgage and Housing Corporation (CMHC). “The decline in housing starts in September is attributable to the volatile multiple starts segment,” said Bob Dugan, Chief Economist at CMHC’s …
  • CAAMP Announces Canadian Mortgage Conference and Expo in Toronto, November 22-24
    TORONTO, Ontario, October 13, 2009 — The Canadian Association of Accredited Mortgage Professionals(CAAMP) will host the 2009 Canadian Mortgage Conference and Expo,Blueprint for the Future in Toronto from Sunday, November 22 to
  • 22 M Supportive Housing Opens in Downtown Eastside
    VANCOUVER, British Columbia, October 13, 2009 — People dealing with addictions, mental health and at risk of homelessness will have access to 92 units of supportive housing now open at the Lux in Vancouver’s Downtown Eastside, thanks to funding from federal, provincial and community partners. “The Government of Canada is committed to making affordable housing available in …
  • Canada's Economic Action Plan Delivers Housing-Related Infrastructure Loan for ...
    ERIN, Ontario, October 13, 2009 — The Government of Canada announced today that the Town of Erin has been approved for an infrastructure loan as part of Canada’s Economic Action Plan. The announcement was made by the Honourable Michael Chong, Member of Parliament for Wellington – Halton Hills on behalf of the Honourable Diane Finley, Minister of Human Resources and Skills …
  • Canada's Economic Action Plan Delivers Housing-Related Infrastructure Loan for ...
    PETROLIA, Ontario, October 14, 2009 — The Government of Canada announced today that the Town of Petrolia has been approved for two infrastructure loans 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 Development …
  • Governments of Canada, Manitoba, and Winnipeg Commit to 25 More Affordable ...
    WINNIPEG, Manitoba, October 14, 2009 — The Government of Canada, the Province of Manitoba and the City of Winnipeg are making a joint investment to create new affordable housing for Canadians. 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 Development …
  • MLS® home sales grow stronger in the third quarter
    OTTAWA, Ontario, October 15, 2009 — National resale housing activity climbed to the highest level ofany third quarter on record. Actual (not seasonally adjusted) home sales via the Multiple
  • Government of Canada and Province of British Columbia Open a Housing Project ...
    PRINCE GEORGE, British Columbia, October 16, 2009 — Friendship Lodge, an $8.1-million, 30-unit apartment building, officially opened today to provide housing and support services for adults who are homeless or at risk of homelessness with mental health and addiction issues in Prince George. “The Government of Canada is helping make affordable housing available in British Columbia …
  • New Homes Open for Wasauksing First Nation
    PARRY SOUND, Ontario, October 16, 2009 — Wasauksing First Nation celebrated the grand opening of a $1.2 million project with seven housing units today. Chief Shane Tabobondung was joined by community and guests to officially open the residence. “The Government of Canada is committed to creating safe and affordable housing for Aboriginal people in Ontario and across the …
  • London Celebrates New Affordable Housing
    LONDON, Ontario, October 16, 2009 — The Government of Canada, the Government of Ontario, and the City of London today celebrated the opening 52 new affordable rental units. The project is supported by more than $3.6 million in funding under the Canada – Ontario Affordable Housing Program. Ed Holder Member of Parliament for London West, on behalf of the Honourable Diane Finley, …
  • Seniors' Affordable Housing Project Opens in Pinehouse
    PINEHOUSE, Saskatchewan, October 16, 2009 — A new rental housing project for low to moderate-income seniors officially opened today in Pinehouse, thanks to a $300,000 funding commitment from the federal and provincial governments. The project is owned and operated by the Village of Pinehouse, and will increase the availability of affordable and stable seniors’ housing in the …
  • Bank of Canada maintains overnight rate target at 1/4 per cent and reiterates ...
    OTTAWA, Ontario, October 20, 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. Recent indicators point to the start of a global recovery from a deep, synchronous recession. Global economic and financial developments have been somewhat more …
  • Bank of Canada maintains interest rates
    OTTAWA, Ontario, October 20, 2009 — The Bank of Canada held its benchmark overnight lending ratesteady at 0.25 per cent at its setting on October 20th, 2009. Thetrend-setting Bank rate, which is set 0.25 percentage points above
  • Kingston Celebrates New Affordable Housing
    KINGSTON, Ontario, October 23, 2009 — KINGSTON, October 23, 2009 — The Government of Canada, the Government of Ontario, and the City of Kingston today celebrated the official opening of two new affordable housing projects and the start of construction of another. The projects are supported by more than $7.5 million in funding under the Canada – Ontario Affordable Housing …
  • G-20 Reforms Will Support Long-Term Economic Prosperity, says Bank of Canada ...
    MONTREAL, Quebec, October 26, 2009 — In the wake of a financial crisis that has cost tens of millions ofjobs and trillions of dollars in foregone output, Bank of CanadaGovernor Mark Carney called on financial institutions to
  • Record Investment of More than $820 Million for Affordable Housing in Quebec
    QUEBEC, Quebec, October 26, 2009 — The governments of Canada and Quebec are partnering to provide a joint investment to build new affordable housing and renovate existing social housing throughout Quebec. In addition to providing economic stimulus, this investment will help create jobs and improve the quality of life for people across all regions of the province. Both levels of …
  • Process for selecting a Senior Deputy Governor of the Bank of Canada
    OTTAWA, Ontario, October 29, 2009 — Mr. Paul Jenkins, the current Senior Deputy Governor of the Bank of Canada, has advised the Bank that he will not seek renewal of his term of office and will leave the Bank of Canada when his current seven-year term expires in April 2010. The Board of Directors of the Bank has initiated a process to select Mr. Jenkins' successor consisting of the …
  • Senior Deputy Governor Paul Jenkins will leave the Bank at the end of his term ...
    OTTAWA, Ontario, October 29, 2009 — Senior Deputy Governor Paul Jenkins has announced that he will not seek renewal of his term of office and will leave the Bank of Canada when his seven-year term expires in April 2010. Mr. Jenkins was appointed to the role on 9 April 2003 after serving as Deputy Governor for 10 years. He began his career with the Bank in the Research Department in …

 

 
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