The Canada Mortgage and Housing Corporation will stay as a federal agency, at least for the next ten years.
The Canada Mortgage and Housing Corporation will stay as a federal agency, at least for the next ten years. Finance minister Joe Oliver was speaking Thursday at the Bloomberg Canada Economic Summit and said that although the CMHC could be “somewhat less of a player” he highlighted the agency’s important contribution to the residential housing market in making a mortgage more accessible to more people. On the wider topic of the market Mr Oliver said that he didn’t see a need for any immediate shift in policy but said that if that changes the government will act as appropriate.
