Mortgage Information

OTTAWA, Ontario, February 26, 2010 — The Board of Directors of the Bank of Canada today announced that Tiff Macklem has been appointed Senior Deputy Governor for a term of seven years beginning 1 July, 2010. His selection was made by the independent members of the Bank’s Board and was approved by the federal Cabinet.
Mr. Macklem, who has had a long association with the Bank of Canada, …

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Bank of Canada announces appointment of Tiff Macklem as Senior Deputy Governor

OTTAWA, Ontario, February 16, 2010 — The Honourable Jim Flaherty, Minister of Finance, today announced a number of measured steps to support the long-term stability of Canada’s housing market and continue to encourage home ownership for Canadians.
“Canada’s housing market is healthy, stable and supported by our country’s solid economic fundamentals,” said Minister Flaherty. “However, a …

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Government of Canada Takes Action to Strengthen Housing Financing

TORONTO, Ontario, February 16, 2010 — “While we do not believe that Canada faces a housing bubble, we fully support the Minister’s actions. Given the prospect of higher interest rates and the recent run-up in housing prices in some markets across Canada, the measures announced today are prudent. Currently, we require high ratio mortgages to be able to qualify using the 5 year rate,” said …

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Statement by BMO Bank of Montreal on Changes to Canada’s Mortgage Market

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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Saskatchewan to lead Canada’s economic growth in 2010: CIBC World Markets Inc.

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 …

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Canada’s Economic Action Plan Creates Jobs and Improves Housing On Reserve in Newfoundland and Labrador

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 …

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Government of Canada Helps Expand Financing for Student Housing

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 …

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Canada’s Real Estate Market Expected to Continue Strong Gains into the First Half of 2010

TORONTO, Ontario, December 16, 2009 — While the Canadian economy will likely grow faster than the economies of the other G-7 countries next year, the Bank of Canada expects our recovery to be more protracted than usual – and more reliant on domestic demand, Bank of Canada Governor Mark Carney said today. “The behaviour of Canadian households will thus be particularly important,” …

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Household Finances Important for Financial System Stability, Bank of Canada Governor Mark Carney Says

ELSIPOGTOG FIRST NATION, New Brunswick, December 15, 2009 — The Government of Canada announced today an investment of $3.2 million, as part of Canada’s Economic Action Plan, to improve housing conditions in First Nation communities across New Brunswick. 
Tilly O’Neill-Gordon, Member of Parliament for Miramichi, on behalf of the Honourable Diane Finley, Minister of Human …

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Canada’s Economic Action Plan Creates Jobs and Improves Housing on Reserve in New Brunswick

OTTAWA, Ontario, December 15, 2009 — The Bank of Canada welcomes today’s announcement by the Investment Industry Association of Canada (IIAC) that it has completed its selection process for a preferred vendor of central counterparty services for Canadian repo markets.
Policies and initiatives that help keep core markets functioning continuously, including in times of stress, promote the …

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Bank of Canada welcomes initiative to improve infrastructure for Canadian-dollar core funding markets