Canada Mortgage and Housing Corporation

The Canada Mortgage and Housing Corporation's Corporate Plan outlines its strategic direction to foster social inclusion, economic prosperity, and responsiveness to the housing needs of Canadians. The plan focuses on four strategic objectives: driving solutions for housing finance access and stability, contributing to housing policy and delivering programs to increase housing supply and affordability, building and sharing housing knowledge and expertise, and maintaining a high-performing organization. This strategy aims to ensure that everyone in Canada has access to an affordable home that meets their needs.

The 2025-2029 Corporate Plan for Canada Mortgage and Housing Corporation (CMHC) serves as a roadmap to address Canada's housing challenges and ensure a well-functioning housing finance system. It focuses on four strategic objectives: offering housing finance solutions for stability, delivering government programs to increase supply and affordability, building and sharing housing knowledge and expertise, and operating as a high-performing organization. The plan aims to improve housing outcomes for Canadians by leveraging financial expertise, delivering federal housing programs, and providing trusted insights into the housing sector.

The Government of Canada's National Housing Strategy is a comprehensive, people and place-based plan designed to ensure all Canadians have access to safe, adequate, and affordable housing. It is rooted in social inclusion and a human rights-based approach to housing, aiming to address the needs of vulnerable populations including seniors, Indigenous peoples, and those experiencing homelessness. Key initiatives include significant investments in social and public housing, the establishment of a Canada Housing Benefit, and enhanced research into housing markets. The strategy targets moving 530,000 households out of housing need, halving chronic homelessness, repairing 300,000 affordable housing units, and building 100,000 new affordable homes over a ten-year period, with an estimated total investment of nearly $40 billion.

The annual public meeting covered CMHC's achievements and their benefits to Canadians, particularly in the context of housing challenges. Discussions included addressing higher mortgage renewal rates, rising rents, and housing affordability. The meeting also highlighted the delivery of commercial solutions, new federal government programs, and the production of unbiased research to drive informed decision-making. Financial performance, including consolidated income, investment income, guarantee fees, and insurance revenue, was reviewed. Government programs like the apartment construction loan program, affordable housing fund, and housing accelerator fund were also discussed.

The National Housing Strategy, launched by the Government of Canada, outlines a 10-year plan to ensure all Canadians have affordable homes that meet their needs. Key objectives include reducing homelessness by 50%, assisting 305,000 households, significantly increasing new housing construction and repairs, and protecting vulnerable populations. The strategy emphasizes enshrining housing rights into law, establishing a Federal Housing Advocate and National Housing Council, and introducing a Canada Housing Benefit starting in 2020. It also focuses on enhanced collaboration with provinces, territories, Indigenous partners, municipalities, and various sectors, supported by a National Housing Co-investment Fund and distinctions-based strategies for Indigenous communities, aiming to provide relief to diverse vulnerable groups.