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December 2011 National Archive

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Mortgage News & Press Releases - December 2011

  • BMO Economics: Canadian Economy Rebounds from Early-Year Disruptions
    TORONTO, Ontario, December 02, 2011 — The Canadian economy has regained momentum after temporary shocks tripped up growth earlier in the year, according to a preview of the Provincial Monitor report from BMO Economics. The full Provincial Monitor will be released next week, providing more detail for each province for housing, employment and industry sectors. "While auto-sector supply …
  • Jobs and Growth the Priorities as Minister FlahertyLaunches Pre-Budget ...
    CHARLOTTETOWN, Prince Edward Island, December 02, 2011 — The Honourable Jim Flaherty, Minister of Finance, today took part in a pre-budget roundtable discussion in Charlottetown with business, academic and sectoral leaders from across the country. The event marks the launch of a series of cross-Canada consultations on how best to ensure Canada’s economy continues to produce jobs and …
  • Finance Minister Prioritizes Jobs and Growth in Difficult Global Economy
    OTTAWA, Ontario, December 05, 2011 — In a speech to the Ireland-Canada Chamber of Commerce, the Honourable Jim Flaherty, Minister of Finance, today reiterated that the Harper Government’s top priority is to ensure continued growth and job creation in Canada. “Our commitment to keep Canada strong is supported by our solid economic, fiscal and financial fundamentals,” …
  • Bank of Canada maintains overnight rate target at 1 per cent
    OTTAWA, Ontario, December 06, 2011 — The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. Uncertainty around the global economic outlook has increased in the weeks since the Bank released its October Monetary Policy Report (MPR). Conditions in …
  • Balanced conditions set to return to most Canadian housing markets in 2012, ...
    KELOWNA, British Columbia, December 06, 2011 — Canadian residential real estate defied conventional logic and outperformed expectations in 2011, posting another solid year of housing activity virtually across the board. The trend is expected to carry forward into 2012 as Canadians continue to demonstrate their faith in homeownership, despite concerns over the European debt crisis and its …
  • November 2011 Housing Starts
    OTTAWA, Ontario, December 08, 2011 — The seasonally adjusted annual rate 1 of housing starts was 181,100 units in November, according to Canada Mortgage and Housing Corporation (CMHC). This is down from 208,800 units in October 2011. “Housing starts declined in November, reaching a level which is more consistent with the rate of household formation. The decrease in housing starts …
  • Jobs and Growth the Priorities as Minister Flaherty Hosts Pre-Budget ...
    TORONTO, Ontario, December 09, 2011 — The Honourable Jim Flaherty, Minister of Finance, today took part in a pre-budget roundtable discussion in Toronto with business, academic and sectoral leaders from across the country. The event is part of a series of cross-Canada consultations on how best to ensure Canada’s economy continues to produce jobs and growth in a difficult global …
  • Prolonged Period of Deleveraging Ahead, Says Bank of Canada Governor Mark Carney
    TORONTO, Ontario, December 12, 2011 — The world’s advanced economies are entering a prolonged period of deleveraging after several decades of accumulating debt, Bank of Canada Governor Mark Carney said today. “The direction may be clear, but the magnitude and abruptness of the process are not. It could be long and orderly or it could be sharp and chaotic.” “In …
  • Resource Rich Provinces Lead Canadian Economic Growth: RBC Economics
    TORONTO, Ontario, December 12, 2011 — Canada's provincial economies remain largely on course, according to the latest RBC Economics Provincial Outlook report released today. "The biggest differentiating factor for provincial growth next year will continue to be the dynamism of the natural resource sector," said Craig Wright, senior vice-president and chief economist, RBC. "Resources …
  • Canadian home sales edge higher in November
    OTTAWA, Ontario, December 15, 2011 — According to statistics released today by The Canadian Real Estate Association (CREA), national resale housing activity rose slightly in November 2011 from the previous month. Highlights:

 

 
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