News by subject: MORTGAGES, MORTGAGE RATE

On December 5, 2017, Laurentian Bank of Canada (the "Bank") disclosed issues arising from a review of mortgages that it had sold to a third party purchaser. Those issues resulted in the Bank repurchasing some mortgages and enhancing its quality...

The Lenders One® Cooperative, a national alliance of independent mortgage bankers, polled participants at its annual Summer Conference on their use of technology and their expectations for the market in the year ahead. As most phases of mortgage...

The project Le Riverain was officially opened today, in Montmagny. Of the 24 affordable housing units that were built, 10 are intended for people with reduced mobility. This project, which required investments of nearly $3.9 million, is an initiative...

This correction is in relation with the release issued at 1 PM ET today. In the fourth paragraph, the number of additional units should have been 71 and not 51. The updated version follows. The governments of Canada and Ontario announced the...

The governments of Canada and Ontario announced the funding of affordable housing units across Waterloo Region with a ground-breaking event at 108 Sydney Street South in Kitchener. When completed, the KW Habilitation development will provide 22 units...

According to Canada Mortgage and Housing Corporation's (CMHC) Northern Report released today, stronger economic conditions are expected to improve housing demand in Yellowknife and Whitehorse. In Iqaluit, where the housing market is primarily...

The share of foreign buyers in the Montréal residential market is increasing but remains low overall, according to a new Housing Market Insight (HMI) report released today by the Canada Mortgage and Housing Corporation (CMHC). After strong...

On this National Aboriginal Day, the Val-d'Or Native Friendship Centre is underscoring the groundbreaking of Kijaté, a residential project. This 24 unit residence, benefiting the aboriginal community, has been long-awaited. It will serve to provide a...

The federal and provincial governments are proud to celebrate affordable rental housing for Indigenous residents in Hamilton as part of National Aboriginal Day. The celebration of a six-unit apartment complex at 274 Main Street West in...

In spite of continued concerns regarding household debt in Canada, signs of stress on the mortgage market remain muted with consistently low mortgage delinquency rates. While it's true that oil dependant markets like Calgary and Edmonton have seen a...

The Government of Canada and the Province of Saskatchewan are working together to making Northern Saskatchewan communities stronger by improving housing affordability and supporting individuals and families in greatest housing need. The...

Nine social housing projects now have funding to complete the necessary renovations and repairs to their properties. They will benefit from a contribution of more than $520,000. Investing in the renovation and repair of affordable housing projects in...

The trend in housing starts was 214,621 units in May 2017, compared to 213,435 units in April 2017, according to Canada Mortgage and Housing Corporation (CMHC). This trend measure is a six-month moving average of the monthly seasonally adjusted...

- The Government of Canada and the Province of Saskatchewan, along with Oxford House Society of Regina, today celebrated the opening of two Oxford House homes in Regina. The homes will provide supportive, transitional housing for a total of 10...

Supported by the governments of Canada and Quebec, the Centre Mechtilde can move forward with its community housing project in the Hull sector of Gatineau. This project, estimated at more than $7.6 million, will add 31 affordable transitional housing...

The Antigonish Affordable Housing Society will receive support from the Canada Mortgage and Housing Corporation's Seed Funding Program to develop the second phase of Riverside Estates. The Honourable Jean-Yves Duclos, Minister of Families,...

The vacancy rate for seniors' residences decreased modestly over the past year in Quebec, Ontario and British Columbia, according to the regional Seniors' Housing Reports released by Canada Mortgage and Housing Corporation (CMHC). Our survey...

CMHC will release its 2017 Seniors' Housing Reports on Wednesday, May 31 at 10:00 am Eastern Time. This annual report provides a description and analysis of the seniors' housing market in Canada, including vacancy rates and average monthly...

CMHC will release its 2017 Seniors' Housing Reports on Wednesday, May 31 at 8:15 am. This annual report provides a description and analysis of the seniors' housing market in Canada, including vacancy rates and average monthly rents....

The governments of Canada and New Brunswick have invested $2 million in the development of an affordable housing complex in the Moncton area. The YW Jean E. S. Irving Centre for Women and Children project consists of 15 units for low income families,...

The Governments of Canada and Ontario are proud to announce the official opening of new affordable housing for young mothers in Guelph and Wellington County. Michael House, located at 187 Bristol Street in Guelph, provides eight units of affordable...

The Honourable Joe Hargrave, Minister of Crown Investments Corporation and Member of the Legislative Assembly for Prince Albert Carlton, on behalf of the Honourable Tina Beaudry-Mellor, Minister of Social Services and Minister Responsible for...

This document corrects and replaces the press release that was sent today at 11:00 AM EDT. The error occurred in the CONTACT SECTION of the press release, where the contact for the Ministry of Community and Social Services should have been Kristen...

The governments of Canada and Ontario today announced funding for repairs and upgrades to violence against women's shelters throughout the province. Fifty-eight women's shelters across Ontario will receive more than $4.1 million in capital upgrades....

Partners Real Estate Investment Trust ("Partners" or the "REIT") is pleased to announce that it has finalized a $27.0 million mortgage at the REIT's Mega Centre property in Saint Laurent, Quebec. The mortgage is with Otera Capital Inc. and...

The governments of Canada and Ontario celebrated the grand opening of 1100 Donald Street East today, adding eight units of affordable housing in Thunder Bay. The Honourable Patty Hajdu, Minister of Employment, Workforce Development and...

Note to editors: There is a photo associated with this press release. The Klondike Development Organization, with support from the governments of Canada and Yukon, officially opened a new eight-unit affordable rental housing project in Dawson...

The governments of Canada and Newfoundland and Labrador are investing more than $6.1 million to support the construction of affordable housing for seniors. The funding is part of the $48.9 million under Investments in Affordable Housing announced in...

Member of Legislative Assembly for Batoche, Delbert Kirsch, on behalf of the Honourable Tina Beaudry-Mellor, Minister of Social Services and Minister Responsible for Saskatchewan Housing Corporation, a representative of the Canada Mortgage and...

The Honourable Sandy Silver, Premier, Minister of the Executive Council Office and the Department of Finance and MLA for Klondike; the Honourable Larry Bagnell, Member of Parliament for Yukon on behalf of the Honourable Jean-Yves Duclos, Minister of...

A grand opening ceremony was held today for new affordable rental homes at Casa Emery Village in the City of Toronto. The mixed-use facility consists of 348 units of affordable rental housing, including a number of units designated for...

Increases in home prices in the City of Vancouver have had a spillover effect in surrounding British Columbia municipalities. Those centres within commuting distance of Vancouver City experienced the strongest spillover effect, however, price...

CMHC will release its 2016 Annual Report on Tuesday, May 9 at 10:00 am Eastern time, in conjunction with its Annual Public Meeting. The annual report details accomplishments over the year, including the steps taken by the Corporation in all...

CMHC will release its 2016 Annual Report on Tuesday, May 9 at 10:00 am Eastern time, in conjunction with its Annual Public Meeting. The annual report details accomplishments over the year, including the steps taken by the Corporation in all...

Housing starts are trending higher at 213,768 units in April 2017, compared to 210,702 units in March 2017, according to Canada Mortgage and Housing Corporation (CMHC). This trend measure is a six-month moving average of the monthly seasonally...

Construction is underway on a new 63-unit seniors' property in Brandon, creating more housing options for seniors who wish to live independently in their community. The project, located at 2105 Brandon Ave., is the result of a partnership between the...

CMHC will release its 2016 Annual Report on Tuesday, May 9 at 10:00 am Eastern time, in conjunction with its Annual Public Meeting. The annual report details accomplishments over the year, including the steps taken by the Corporation in all...

Maison Martin-Bradley was officially opened today, in Rouyn-Noranda. The 25 housing units in this project are intended for people with mental health problems. This project of more than $4.2 million was initiated by the Office municipal...

Conditions in Canada's housing markets are showing some signs of improvement but the official overall rating from the Canada Mortgage and Housing Corporation (CMHC) will be held at "strong evidence of problematic conditions". On a quarterly...

First-time home buyers struggling to save enough for a down payment could soon get access to an interest-free loan from Housing Nova Scotia to make their dream of homeownership come true. The governments of Canada and Nova Scotia are investing $1.3...

The Government of Canada and the Government of Saskatchewan remain committed to making significant investments that will improve housing across the province and strengthen Canadian communities. Today, the Honourable Ralph Goodale, Minister of...

La Lancée housing complex was officially opened today, in Saguenay. These 19 affordable housing units are intended for single parents in vulnerable situations who are benefiting from temporary support in their journey toward a successful return to...

A grand opening ceremony was held today for new affordable rental homes in Peterborough. The Mount Community Centre is a community hub with an affordable housing element. The facility, at 1545 Monaghan Road in Peterborough, received $600,000...

The rental market is an important housing option for approximately 30% of Canadians. Effective May 15, CMHC will introduce enhancements to its multi-unit mortgage loan insurance that will address the rental needs of Canadians while supporting efforts...

The governments of Canada and Ontario announced funding for improving and preserving the quality of dedicated supportive housing in the province. This funding will help ensure the long-term structural sustainability of social housing developments....

More low-income families and seniors will have access to affordable homes with funding for 440 new rent supplements thanks to an $18 million investment by the Governments of Canada and Nova Scotia over the next two years. Darren Fisher,...

Housing starts are trending higher at 211,342 units in March 2017, compared to 205,521 units in February 2017, according to Canada Mortgage and Housing Corporation (CMHC). This trend measure is a six-month moving average of the monthly seasonally...

Investing in affordable housing is about making things better for Canadians families and helping them succeed, building healthier lives, more opportunities for jobs and making neighbourhoods better. Budget 2017 proposes to invest more than...

The Governments of Canada and Alberta are working to make life better for residents of Grande Prairie by investing $971,000 in joint funding to upgrade affordable, seniors and special needs housing units. The funding has been allocated for...

Investing in affordable housing is about making things better for Canadians families and helping them succeed, building healthier lives, more opportunities for jobs and making neighbourhoods better. Budget 2017 proposes to invest more than...