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July 2011 National Archive

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Mortgage News & Press Releases - July 2011

  • Federal/Provincial/Territorial Ministers Responsible for Housing Announce a ...
    OTTAWA, Ontario, July 04, 2011 — Today, federal, provincial and territorial ministers responsible for housing announced a $1.4 billion combined investment toward reducing the number of Canadians in housing need under a new Affordable Housing Framework 2011 – 2014. The Framework recognizes the diversity of affordable housing needs of Canadians and that a range of solutions …
  • Vacancy Rate in Seniors' Housing Residences at 10.7 per cent
    OTTAWA, Ontario, July 05, 2011 — The vacancy rate for standard spaces 1 in seniors’ residences remained relatively stable at 10.7 per cent in 2011, compared to 10.8 per cent in 2010, according to Canada Mortgage and Housing Corporation Seniors’ Housing Report, Canada Highlights edition . “Vacancy rates and rent levels in the seniors’ housing …
  • Diverging Provincial Performances Mark Canada's More Subdued Growth Outlook: ...
    TORONTO, Ontario, July 06, 2011 — Average Provincial GDP Growth Rates For 2011-12 Forecast Period: * British Columbia, 3.0 per cent; * Alberta, 3.7 per cent; * Saskatchewan, 3.5 per cent; * Manitoba, 2.5 per cent; * Ontario, 2.3 per cent; * Quebec, 2.4 per cent; * New Brunswick, 1.9 per cent; * Nova Scotia, 1.9 per cent; * Prince Edward Island, 2.1 per cent; * Newfoundland & Labrador, …
  • Greater Toronto REALTORS® release June Resale Market Figures
    TORONTO, Ontario, July 06, 2011 — Greater Toronto REALTORS® reported 10,230 home sales through the TorontoMLS® system in June 2011 – up 21 per cent compared to June 2010. This number represented the third best June result on record behind 2007 and 2009. The number of transactions during the first six months of 2011 amounted to 48,189 – down by 4.5 per cent compared to …
  • High Second Quarter House Prices Conceal Early Signs of A Moderating Market
    Slower price appreciation expected in the second half of 2011; National average house price forecast to end the year 7.7 per cent higher than 2010 TORONTO, Ontario, July 07, 2011 — Canada’s residential real estate market saw sizable year-over-year price increases in the second quarter of 2011, but high house prices are concealing early signs of a moderating market, according to …
  • Average House Prices a Misleading Gauge of the Health of the Canadian Real ...
    TORONTO, Ontario, July 08, 2011 — The Canadian housing market is becoming highly segmented and multi-dimensional which is making traditional measures, like average prices, increasingly irrelevant in gauging the health and state of the sector, finds a new report from CIBC World Markets Inc. "Glancing at popular metrics such as the price-to-income ratio or the price-to-rent ratio, it is …
  • June 2011 Housing Starts
    OTTAWA, Ontario, July 11, 2011 — The seasonally adjusted annual rate 1 of housing starts was 197,400 units in June, according to Canada Mortgage and Housing Corporation (CMHC). This is up from a revised 194,100 units in May 2011. April 2011 has also been revised to 194,100 units. “Housing starts increased in June due to an increase in single and multiple starts in …
  • Canadian home sales pick up in June
    OTTAWA, Ontario, July 15, 2011 — According to statistics released today by The Canadian Real Estate Association (CREA), home sales activity over MLS® Systems of Canadian real estate Boards climbed in June 2011 compared to May. Highlights:
  • Bank of Canada maintains overnight rate target at 1 per cent
    OTTAWA, Ontario, July 19, 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. The global economic expansion is proceeding broadly as projected in the Bank’s April Monetary Policy Report (MPR), with modest growth in major advanced …
  • Vacation Plans on Hold as Inflation Hits Canadian Consumers: RBC Canadian ...
    TORONTO, Ontario, July 20, 2011 — Canadians are delaying vacation plans, shopping around for groceries, following their budget more closely and holding onto their older vehicles, thanks to rising gas and food prices that are stretching household budgets across the country, according to quarterly findings released today from the RBC Canadian Consumer Outlook Index (RBC CCO). With gas …
  • 2010 Annual Report Highlights CMHC’s Role at the Heart of Housing
    OTTAWA, Ontario, July 21, 2011 — Canada Mortgage and Housing Corporation (CMHC) released its 2010 Annual Report today, highlighting the Corporation’s role at the heart of housing in Canada and outlining its strong focus on public accountability  and responsible risk management. Since 1946, CMHC has been at the heart of federal housing policies which have shaped …
  • Bank of Canada Signals Interest Rates Are Likely Going Up - BMO Offers Top 5 ...
    TORONTO, Ontario, July 22, 2011 — While holding the line on interest rates earlier this week, the Bank of Canada has signalled that rates could begin to climb later this year. According to BMO Economics, interest rates are likely to increase in October and again in December, before pausing next summer. This will leave the Bank of Canada’s benchmark rate at 2.5 per cent by the end …

 

 
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