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August 2011 National Archive

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Mortgage News & Press Releases - August 2011

  • CIBC Poll on Consumer Debt: Canadians making progress on debt reduction, but ...
    TORONTO, Ontario, August 08, 2011 — A new poll from CIBC conducted by Harris-Decima shows that while Canadians are taking steps towards reducing their debt in 2011, many still see their debt as an obstacle to achieving their financial goals, and may not be using all available options to help them become debt-free sooner. Nationally, 72 per cent of Canadians report holding some form of …
  • Statement of G7 Finance Ministers and Central Bank Governors
    OTTAWA, Ontario, August 08, 2011 — In the face of renewed strains on financial markets, we, the Finance Ministers and Central Bank Governors of the G-7, affirm our commitment to take all necessary measures to support financial stability and growth in a spirit of close cooperation and confidence. We are committed to addressing the tensions stemming from the current challenges on our …
  • July 2011 Housing Starts
    OTTAWA, Ontario, August 09, 2011 — The seasonally adjusted annual rate 1 of housing starts was 205,100 units in July, according to Canada Mortgage and Housing Corporation (CMHC). This is up from 196,600 units in June 2011. “Housing starts rose in July due to an increase in multiple starts in all regions except Quebec,” said Mathieu Laberge, Deputy Chief Economist at …
  • Canada’s Future Prosperity the Focus of Finance Minister’s Policy ...
    WAKEFIELD, Quebec, August 10, 2011 — The Honourable Jim Flaherty, Minister of Finance, today launched his fifth annual National Policy Retreat, bringing together a number of distinguished Canadians—small- and large-business representatives and academics—to discuss a host of economic issues facing Canada. “We will be discussing challenges and opportunities facing …
  • Canadian Housing Just Keeps on Ticking - BMO
    TORONTO, Ontario, August 16, 2011 — The resiliency of Canada’s housing market represents a positive surprise among 2011’s negative economic surprises, according to Douglas Porter, Deputy Chief Economist, BMO Financial Group. Mr. Porter was commenting on today’s release of the Canadian existing home sales numbers, which rose 12.3 per cent from year-ago levels in July and …
  • Canada Well Positioned to Face Global Economic Challenges, Flaherty Tells ...
    OTTAWA, Ontario, August 19, 2011 — The Honourable Jim Flaherty, Minister of Finance, today told the House of Commons Standing Committee on Finance that Canada is well positioned to face global economic challenges despite renewed uncertainty generated by concerns about the U.S. economic and fiscal situation and the continuing debt problems in Europe. “Canada is the only G-7 country …
  • Canada's Housing Affordability Dips for Second Straight Quarter: RBC Economics
    TORONTO, Ontario, August 22, 2011 — As a result of higher home prices and mortgage rate increases, Canada's housing affordability has slipped for a second consecutive quarter this year, according to the latest Housing Trends and Affordability report released today by RBC Economics Research. Most local housing markets across Canada continue to be reasonably affordable or at worst, slightly …
  • Canadian Housing Market to Remain Steady in 2011
    OTTAWA, Ontario, August 24, 2011 — Housing starts are forecast to remain steady in 2011 and 2012, according to Canada Mortgage and Housing Corporation’s (CMHC) third quarter Housing Market Outlook, Canada Edition . 1 “Housing starts have been strong in the last few months, but are forecast to moderate closer in line with demographic fundamentals,” said Mathieu Laberge, …
  • Minister of Finance Comments on Canada’s Second-Quarter Economic Activity
    TORONTO, Ontario, August 31, 2011 — The Honourable Jim Flaherty, Minister of Finance, commented on Canada’s economic growth data today during a tour of the Ryerson University School of Image Arts. “As anticipated, the data published today show that the Canadian economy is still very fragile,” said Minister Flaherty. “As we all know, global economic growth has …


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