Government fills key roles at Canada's housing agency
Canada Mortgage and Housing Corporation (CMHC) has announced several key leadership appointments.
The Crown corporation has named Coleen Volk (pictured left) as its new president and CEO. Housing minister Sean Fraser also revealed Don Iveson (pictured right) as the new chair of CMHC's board of directors. Additional board appointments include Laurie LeBlanc, Ray Williams, Darlene Hyde, Heather Tremain and Nick Macrae.
"I am happy to welcome Ms. Volk as the new president and CEO of CMHC, Mr. Iveson in his role as chair of the board and all the new members of the CMHC board of directors,” Fraser said in a media release. “I look forward to working closely with both Ms. Volk and the CMHC board in the coming years to progress on the government's efforts to deliver on Canada's housing priorities.”
Volk, who previously spent nine years in leadership roles at CMHC, returns to the housing corporation after serving in senior positions across the private sector and federal/provincial public services.
"I am thrilled to be returning to CMHC as the newly appointed president and CEO, and look forward to leading the organization in supporting Canada's housing system with the dedicated group of people at CMHC,” Volk said. “Together, we will work on today's challenges to build the housing system of the future."
Read next: First-time buyers can save thousands with CMHC's 30-year mortgages, says Ratehub
Iveson, the founder of Civic Good, brings extensive housing policy experience after serving as Edmonton's mayor from 2013-2021 and co-chairing the federal Task Force on Housing and Climate.
"Along with my new board colleagues, I hope to bring my experience and passion for housing to the goal of ensuring everyone living in Canada has a place to call home," Iveson said.
The new directors hail from organizations spanning the entire housing sector – from developers and real estate firms to non-profits and regulatory bodies.
Fraser thanked the outgoing board members, including former chair Derek Ballantyne, for their "contributions and support to both CMHC and the Government of Canada's housing priorities."
The appointments follow an "open, transparent and merit-based selection process," the CMHC said.
Make sure to get all the latest news to your inbox on Canada’s mortgage and housing markets by signing up for our free daily newsletter here.