Canadian Mortgage News

September 2009 National Archive

Mortgage News & Press Releases - September 2009

• Housing Activity to Rebound in Second Half of 2009 and in 2010
  OTTAWA, Ontario, September 03, 2009 — Housing starts are expected to rebound in the second half of 2009 and will reach 141,900 for the year. Starts will increase to 150,300 for 2010, according to Canada Mortgage and Housing Corporation’s (CMHC) third quarter Housing Market Outlook, Canada Edition* report. The overall forecast totals for housing starts remain unchanged from the …
  
• Housing Starts Increase in August
  OTTAWA, Ontario, September 09, 2009 — The seasonally adjusted annual rate 1 of housing starts increased to 150,400 units in August from 134,200 units in July, according to Canada Mortgage and Housing Corporation (CMHC). “Housing starts are trending higher, reflecting improvements in both the single and multiple segments,” said Bob Dugan, Chief Economist at CMHC’s …
  
• Bank of Canada maintains overnight rate target at 1/4 per cent and reiterates ...
  OTTAWA, Ontario, September 10, 2009 — The Bank of Canada today announced that it is maintaining itstarget for the overnight rate at 1/4 per cent. The BankRate is unchanged at 1/2 per cent and the deposit rate is
  
• Brant and Brantford Celebrate New Affordable Housing
  BRANTFORD, Ontario, September 11, 2009 — The Government of Canada, the Government of Ontario, and the City of Brantford today celebrated the start of construction of four affordable housing projects and the official openings of four projects. The projects are supported by more than $9.5 million in funding under the Canada – Ontario Affordable Housing Program to create 171 affordable …
  
• Kawartha Lakes Celebrates New Affordable Housing
  FENELON FALLS, Ontario, September 11, 2009 — The Government of Canada, the Government of Ontario, and the City of Kawartha Lakes today celebrated the opening of 25 new affordable rental units. This project is supported by $1.75 million in funding through the Canada – Ontario Affordable Housing Program. Barry Devolin, Member of Parliament for Haliburton – Kawartha Lakes …
  
• Urban Ecology EQuilibrium™ Demonstration Project Starts Construction in ...
  WINNIPEG, Manitoba, September 11, 2009 — The Government of Canada today marked the start of construction of the Urban Ecology demonstration project, an energy-efficient and environmentally friendly home to be built in Winnipeg. The home will be constructed by Winnipeg Housing Rehabilitation Corporation (WHRC), as part of Canada Mortgage and Housing Corporation’s (CMHC’s) …
  
• More Housing Options for Burin Seniors
  MARYSTOWN, Newfoundland & Labrador, September 14, 2009 — Seniors in the Burin Peninsula now have access to a new affordable housing complex built by the Marystown Kinsmen, as a result of $600,000 in federal and provincial funding under the Canada – Newfoundland and Labrador Affordable Housing Program, which is equally cost-shared. The Honourable Clyde Jackman, Member of the …
  
• Canada's Economic Action Plan Delivers Housing-Related Infrastructure Loan for ...
  PRINCE ALBERT, Saskatchewan, September 22, 2009 — The Government of Canada announced today that the City of Prince Albert has been approved for an infrastructure loan as part of Canada’s Economic Action Plan. The announcement was made by Randy Hoback, Member of Parliament for Prince Albert on behalf of the Honourable Diane Finley, Minister of Human Resources and Skills Development …
  
• Canada's Economic Action Plan Delivers Housing-Related Infrastructure Loan for ...
  HANOVER, Manitoba, September 23, 2009 — The Government of Canada announced today that the Rural Municipality of Hanover, has been approved for an infrastructure loan as part of Canada’s Economic Action Plan. The announcement was made by the Honourable Vic Toews, President of the Treasury Board, on behalf of the Honourable Diane Finley, Minister of Human Resources and Skills …
  
• Canada's Economic Action Plan Fuels Northern Housing Building Demonstration
  MORRISBURG, Ontario, September 24, 2009 — Northern construction and technical experts from the Nunavut Housing Corporation are on hand this week to learn how to assemble pre-built housing units before their expected delivery to the Northern territory’s communities in 2010. Guy Lauzon, Member of Parliament for Stormont – Dundas – South Glengarry, on behalf of the …
  
• Government of Canada and the Government of Yukon Open Seniors Housing Project ...
  WHITEHORSE,, September 24, 2009 — The Honourable Daniel Lang, Senator (Yukon), on behalf of the Honourable Diane Finley, Minister of Human Resources and Skills Development Canada and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC) along with Jim Kenyon, Minister Responsible for the Yukon Housing Corporation officially opened a new housing project for seniors in …
  
• Canadian housing markets buck recession and trend upwards, says RE/MAX
  KELOWNA, British Columbia, September 24, 2009 — With the worst of the recession over, residential real estate markets in major Canadian centres are poised for growth in the final quarter of 2009, according to a report released today by RE/MAX. The RE/MAX Bricks and Mortar Report found the bounce back that began in early Spring has made this recession one of the shortest on record for …
  
• Canada's Economic Action Plan Delivers Housing-Related Infrastructure Loan for ...
  WHITEHORSE, Yukon, September 25, 2009 — The Government of Canada announced today that the City of Whitehorse has been approved for an infrastructure loan as part of Canada’s Economic Action Plan. The announcement was made by the Honourable Senator Daniel Lang, on behalf of the Honourable Diane Finley, Minister of Human Resources and Skills Development Canada and Minister …
  
• Canada and Yukon Launch Construction Phase of Whitehorse Affordable Family ...
  WHITEHORSE, Yukon, September 25, 2009 — The Honourable Daniel Lang, Senator (Yukon), on behalf of the Honourable Diane Finley, Minister of Human Resources and Skills Development Canada and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC), along with the Honourable Jim Kenyon, Minister Responsible for the Yukon Housing Corporation and the Honourable Marian Horne, …
  
• Celebration Marks Affordable Homeownership Development
  TORONTO, Ontario, September 25, 2009 — The Government of Canada, the Government of Ontario, the City of Toronto and Options for Homes celebrated today the start of construction of affordable housing in a two-tower condominium complex. The Village by High Park project will include condominium units for low-to-moderate income households. The development is funded in part under the Canada …
  
• Initial Success Should Not Give Way to Complacency, Governor Carney Says
  VICTORIA, British Columbia, September 28, 2009 — While there are renewed signs of economic growth in Canada andaround the world, Bank of Canada Governor Mark Carney urged todaythat this initial success should not give way to complacency.