Category: Canada Mortgage and Housing Corporation

ANALYSIS: As Canada’s Population Hits 40 Million, Economists Warn of Strain on Housing Market, Health System

June 27, 2023
CanadaCanada Mortgage and Housing CorporationhealthcarehousingimmigrationWorld
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As Canada’s population reaches the milestone of 40 million people, economists and housing experts are warning that accelerating immigration numbers could strain the country’s housing market and health-care system. “My first reaction is that it’s great for the people coming to the country, but maybe it’s not so great for the people in the country,”…

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Tory Government Would Freeze Infrastructure Money to Cities That Don’t Get Housing Built: Poilievre

March 17, 2023
CanadaCanada Mortgage and Housing CorporationhousingPierre PoilievreWorld
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As a strategy to get more homes built in Canada, a Conservative government would link the number of infrastructure dollars cities get to the number of houses completed, Conservative Leader Pierre Poilievre said on Friday. “City governments that block construction will be fined with clawbacks to their federal infrastructure money, while those that get out of the way, speed up building permits, and free…

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Government Can’t Solve Housing Issues Alone, Private Sector Must Be Involved: CMHC

November 29, 2022
CanadaCanada Mortgage and Housing CorporationCMHCWorld
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A new report by Canada Mortgage and Housing Corp. says government alone can’t solve the country’s housing affordability challenges. The scale of the problem is so large that the private sector must be involved, says the report by CMHC deputy chief economist Aled ab Iorwerth. The national housing agency says public solutions such as rent subsidies and more social…

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Ottawa Seeking to Include Exemptions in Bill Banning Foreign Investment in Canadian Residential Property

August 22, 2022
CanadaCanada Mortgage and Housing Corporationhousing affordabilityresidential propertyWorld
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Ottawa is seeking to add exemptions to a bill that temporarily bans foreigners from purchasing residential property in the country, according to the Canada Mortgage and Housing Corporation (CMHC). Bill C-19, an omnibus budget bill that includes enacting the Prohibition on the Purchase of Residential Property by Non-Canadians Act, received royal assent on June 23. The…

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Possible Home Equity Tax on Primary Residences ‘Very Concerning’ for Average Homeowners: Taxpayers’ Advocate

August 14, 2021
CanadaCanada Mortgage and Housing Corporationcapital gains taxhome equityWorld
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Indications that the federal government is considering introducing a potential capital gains tax on the sale of primary residences should be of great concern to Canadians, says the B.C. director of a taxpayer’s advocacy group. “We think people really need to pay attention to the potential for either a capital gains tax or a form…

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