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January 2010 National Archive

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Mortgage News & Press Releases - January 2010

  • Canada's Real Estate Market Expected to Continue Strong Gains into the First ...
    TORONTO, Ontario, January 07, 2010 — Canada’s residential real estate market is forecast to remain unusually strong through the first half of 2010 as economic conditions across the country improve and the stimulus impact of low interest rates continues to stoke demand, according to today’s Royal LePage House Price Survey and Market Survey Forecast. As confidence in the …
  • December Housing Starts
    OTTAWA, Ontario, January 11, 2010 — The seasonally adjusted annual rate 1 of housing starts reached 174,500 units in December 2009. This is an increase from an annual rate of 164,800 units in November, according to Canada Mortgage and Housing Corporation (CMHC). Actual housing starts for 2009 are being verified and will be reported in the January edition of Monthly Housing Statistics. …
  • Greater Sudbury Celebrates New Affordable Housing
    SUDBURY, Ontario, January 12, 2010 — The Government of Canada, the Government of Ontario, and the City of Greater Sudbury today celebrated the opening of 20 new affordable rental units. The project is supported by more than $827,000 in funding through the Canada – Ontario Affordable Housing Program. The Honourable Diane Finley, Minister of Human Resources and Skills Development …
  • Research shows Canadian mortgage market can manage risks
    TORONTO, Ontario, January 14, 2010 — New research using data collected by the Canadian Association of Accredited Mortgage Professionals (CAAMP) from its corporate members strongly suggests that Canadian mortgage lenders and borrowers, including first time home buyers, are being extremely prudent with their borrowing and lending. Last month, CAAMP surveyed members who issued more than …
  • 2009 resale housing market ends on a high note
    OTTAWA, Ontario, January 15, 2010 — Existing home sales activity reached the highest level ever for the month of December, according to statistics released by The Canadian Real Estate Association. Strong demand in the second half of 2009, especially in the fourth quarter, pushed annual sales above 2008 levels. Residential sales activity via the Multiple Listing Service® (MLS®) …
  • Bank of Canada maintains overnight rate target at 1/4 per cent and reiterates ...
    OTTAWA, Ontario, January 19, 2010 — 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 economic recovery is under way, supported by continued improvements in financial conditions and stronger domestic demand growth in many emerging-market …
  • Government of Canada Helps Expand Financing for Student Housing
    LONDON, Ontario, January 20, 2010 — Ed Holder, Member of Parliament for London West, on behalf of the Honourable Diane Finley, Minister of Human Resources and Skills Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC), today announced mortgage loan insurance policies to facilitate the financing of student housing in Canada. “Our government is …
  • CanEquity Celebrates Best Year in Company History
    CALGARY, Alberta, January 21, 2010 — Throughout 2009 the economic uncertainty caused many individuals and companies to cut back and take fewer financial risks, but not CanEquity. Last year was a record year in the company’s eight-year history because they stuck to their business model and offered more products and services to meet changing consumer needs. The company even expanded …
  • Scotiabank to Reopen Haitian Branches This Week and Commits up to $500,000 to ...
    TORONTO, Ontario, January 21, 2010 — Scotiabank today increased its contribution to Haiti earthquake relief efforts, making a corporate commitment of up to $500,000 and announcing three of the Bank's four Haitian branches will reopen Saturday. "Scotiabank is dedicated to supporting Haitians in their time of need," said Rick Waugh, President and Chief Executive Officer, Scotiabank. "Our …
  • CMHC Helps to Improve Housing Affordability and Choice
    OTTAWA, Ontario, January 25, 2010 — Canada Mortgage and Housing Corporation (CMHC) today announced 22 new grants to improve housing affordability for Canadians. The grants, totalling $99,700, are being awarded under CMHC’s Affordability and Choice Today (ACT) Initiative. “CMHC is pleased to support the many municipalities, home builders and non-profit housing providers …
  • Canada's Economic Action Plan Creates Jobs and Improves Housing On Reserve in ...
    SHESHATSHIU, Newfoundland & Labrador, January 27, 2010 — The Government of Canada announced today an investment of more than $450,000 as part of Canada’s Economic Action Plan to improve housing conditions for the Sheshatshiu Innu First Nation community. The Honourable Peter MacKay, Minister of National Defence, Minister for the Atlantic Gateway and Regional Minister for Nova …
  • Saskatchewan to lead Canada's economic growth in 2010: CIBC World Markets Inc.
    REGINA, Saskatchewan, January 28, 2010 — A rebound in the oil, potash, agriculture and uranium sectors will see Saskatchewan once again lead the country in economic growth, finds a new report from CIBC World Markets Inc. The report notes that a rebound in the global economy bodes well for resource development in Saskatchewan as well as in most of western Canada. "The West will reap the …

 

 
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