CMHC's 2024 Annual Report

• 49,000+ housing units were purchased across Canada with the help of our homeowner insurance products in 2024, with over 14% insured in rural areas.
• Of the 283,000+ rental units insured in 2024, close to 43% were for new construction, adding new units to the marketplace.
• 179,000+ rental units insured in 2024 were for MLI Select, a mortgage loan insurance product that advances affordability and climate compatibility.
• $38.8 billion of Affordability-Linked NHA Mortgage-Backed Securities were issued by Approved Issuers in 2024.

• $21.76 billion in loans were committed through the Apartment Construction Loan Program to support the construction of 56,439 new purpose-built rental units.

• $10.87 billion was committed through the Affordable Housing Fund to support the creation of 41,858 new affordable units and the repair of 168,139 units of community housing stock.
• 215 agreements were completed under the Housing Accelerator Fund, dedicating nearly $4.19 billion over 4 years to incentivize 114,545+ additional fast-tracked units.
• $4.11 billion in loans and $4.15 billion in contributions were committed to Indigenous governments and housing providers, supporting the construction and repair of 50,897 housing units.

*Results are multi-year commitments. Data as of December 31, 2024.

• Flagship reports were published on housing market outlook, housing supply developments and analysis of the rental markets.
• The first phase of development of the Integrated Housing Model was completed. This model will be used to estimate the supply gap and for forecast housing variables at the provincial level and for the 6 largest Census Metropolitan Areas.
• Research was published on filtering and environmental, social and governance performance measurement in the housing sector.
• Impactful thought leadership articles were published, exploring critical housing issues, such as affordability, rental markets and Canada’s housing construction capacity.