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 ?

See the original post here:
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 ?

Read the original:
Governor Carney discusses key risks to financial system, advocates for macroprudential approach

OTTAWA, Ontario, December 11, 2008 ? The average rental apartment vacancy rate in Canada’s 34 major centres1 decreased to 2.2

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

OTTAWA, Ontario, November 21, 2008 ? The Government of Canada, the Government of Ontario and the City of Ottawa, recognized National Housing Day today by announcing support for nine affordable housing projects in Ottawa which will create more than 352 new affordable rental units with over $19.5

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 ?

See original here:
Governor Carney says the global financial system needs continuously open markets

OTTAWA, Ontario, November 13, 2008 ? New analysis that tracked how long Canadians living in core housing need* remained in this situation over a three-year period is unveiled in the 2008 Canadian Housing Observer, released today by Canada Mortgage and Housing Corporation (CMHC).
“The 2008 Canadian Housing Observer provides an in-depth picture of housing trends and developments in Canada,” ?

Credit:
CMHC Releases Comprehensive Report on Housing in Canada

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 ?

Continued here:
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 ?

See the original post:
Housing Starts Remained Strong in October