Who is CMHC?

The Canada Mortgage and Housing Corporation (CMHC) is the national housing agency of Canada.  The have been helping Canadians with home buying since the 40s and have given people a wide array of quality choices, affordable homes and have been building solid communities across Canada for the last 60 years.  CMHC has the capacity to help people who can’t afford to buy homes get into a home, supports Canada’s housing finance options, and improves housing construction and building structure.  They even provide information to policymakers and analysis to promote a booming housing market in Canada.

CMHC is the premier leader in housing in all of Canada.  They have been supporting people since the housing market boom after WWII and show no signs of slowing down anytime soon.  They have consistently helped Canadians throughout the decades and have moved with the times instead of being moved by them.  In the 50s they instituted banks to be eligible lenders to help buy homes and they supported low income housing that was initiated by government grants.

In the 60s they innovated the way we build modern housing and also helped meet the nee of the rapidly growing urban living that was sweeping across the country.  They also raised the standard in which a house is constructed by reducing the amount of manpower and site hours that it takes to build a house.  This has led to the CMHC always being in the forefront of the housing market and development.

The 70s were the same as previous decades and never looked back as they found new ways to get low income families into homes.  CMHC was a also a huge contributor in getting already existing housing to be renovated and up to par to meet the needs of low standard living. 

The 80s through the present has seen the CMHC continue to make tremendous strides in the housing market to help people afford homes, buy their first home, and make it possible for people to not be overwhelmed with heavy interest rates.  This is really the main factor in which they work.  They are the first to introduce a 5% down payment into a mortgage plan and they have seen the world adopt their policies time and time again throughout history.

CMHC are pioneers of the housing market and they have never slowed down even in a time that sees the housing market crippled by the lagging economy.  You can rest assured that they are trying to meet the needs of this stagnant market and will pull something out of their hat before all is said and done.