Mortgage Information

SAINT JOHN, New Brunswick, January 05, 2009 ? The construction of 21 new affordable housing units in Saint John was officially announced today by the Province of New Brunswick and the Government of Canada. The new units, funded under Phase III of the Canada ? New Brunswick Affordable Housing Agreement, will house disabled persons, non-elderly singles and ?

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New Affordable Housing Announced in Saint John

TORONTO, Ontario, December 17, 2008 ? While measures taken to address the global financial crisis will be successful, policy-makers need to improve their ability to detect the next crisis before it occurs, Bank of Canada Governor Mark Carney said today. In a speech to the Women in Capital Markets group, Governor Carney said that taking a macroprudential approach to regulation, ? an ?

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Governor Carney discusses key risks to financial system, advocates for macroprudential approach

OTTAWA, Ontario, December 09, 2008 ? The Bank of Canada today announced that it is lowering its target for the overnight rate by three-quarters of a percentage point to 1 1/2 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 1 3/4 per cent.
The outlook for the world economy has deteriorated significantly and the global recession will ?

Bank of Canada lowers overnight rate target by 3/4 percentage point to 1 1/2 per cent

OTTAWA, Ontario, December 08, 2008 ? The seasonally adjusted annual rate1 of housing starts was 172,000 units in November, down from 211,800 units in October, according to Canada Mortgage and Housing Corporation (CMHC).
?The decrease in November housing starts can be attributed in part to the volatile multiple starts segment,? said Bob Dugan, Chief Economist at CMHC?s ?

Housing Starts Moderate in November

LONDON, England, November 19, 2008 ? In order to achieve a full recovery, the global financial system must have continuously open markets at its core, Bank of Canada Governor Mark Carney argued today in a speech to the Canada ? United Kingdom Chamber of Commerce. Even under stress, core markets such as interbank lending, commercial paper, and repo for high-quality securities must ?

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Governor Carney says the global financial system needs continuously open markets

OTTAWA, Ontario, November 10, 2008 ? The seasonally adjusted annual rate1 of housing starts was 211,800 units in October, down from 218,600 units in September, according to Canada Mortgage and Housing Corporation (CMHC).
?Housing starts remained strong in October and are consistent with our new home construction forecast for 2008,? said Bob Dugan, Chief Economist at ?

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Housing Starts Remained Strong in October

OTTAWA, Ontario, November 10, 2008 ? The seasonally adjusted annual rate1 of housing starts was 211,800 units in October, down from 218,600 units in September, according to Canada Mortgage and Housing Corporation (CMHC).
?Housing starts remained strong in October and are consistent with our new home construction forecast for 2008,? said Bob Dugan, Chief Economist at ?

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Housing Starts Remained Strong in October

OTTAWA, Ontario, November 03, 2008 ? In order to hone its focus on a safe and sound financial system, reinforce research, and streamline management processes, the Bank of Canada has realigned responsibilities and made a series of senior appointments to lead its work in monetary policy, financial stability, management of the Government of Canada’s funds, and Canadian bank notes.
The new ?

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Bank of Canada announces senior appointments in new internal structure

OTTAWA, Ontario, October 21, 2008 ? The Bank of Canada today announced that it is lowering its target for the overnight rate by one-quarter of a percentage point to 2 1/4 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 2 1/2 per cent.
Three major interrelated developments are having a profound impact on the Canadian economy. First, ?

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Bank of Canada lowers overnight rate target by 1/4 percentage point to 2 1/4 per cent

OTTAWA, Ontario, October 10, 2008 ? Canada Mortgage and Housing Corporation (CMHC) will purchase up to $25 billion in insured mortgage pools as part of the Government of Canada?s plan, announced today, to maintain the availability of longer-term credit in Canada.
The first purchase of $5 billion will be made October 16, 2008 through a competitive auction process. The mortgages ?

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Canada Mortgage and Housing Corporation Supports Canadian Credit Markets