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As required by the Treasury Board Directive on Travel, Hospitality, Conference and Event Expenditures, this report provides information on total expenditures for travel, hospitality and conference fees incurred by Canada Mortgage and Housing Corporation (CMHC) for the fiscal year ended December 31, 2025.
Expenditures on travel, hospitality and conference fees incurred by CMHC are related to activities that support our mandate and corporate strategy. For more information on CMHC’s mandate and corporate strategy, see the Summary of the Corporate Plan.
This disclosure does not contain information withheld under the Access to Information Act or the Privacy Act.
| Expenditure Category | Expenditures for the year ended December 31, 2025 (in thousands of dollars) | Expenditures for the year ended December 31, 2024 (in thousands of dollars) | Variance (in thousands of dollars) |
|---|---|---|---|
| Travel | |||
| Operational activities | 3,629 | 4,622 | (993) |
| Key Stakeholders | 595 | 208 | 387 |
| Internal governance | 245 | 303 | (58) |
| Training | 304 | 745 | (441) |
| Other | 25 | 32 | (7) |
| Total travel | 4,798 | 5,910 | (1,112) |
| Hospitality | 222 | 231 | (9) |
| Conference fees | 176 | 175 | 1 |
| Total | 5,196 | 6,316 | (1,120) |
Significant variances compared to the previous period
Travel — Travel expenditures decreased by $1,112,000 (19%) compared to 2024 driven by enhanced oversight and active management of travel expenses, implementation of a strict out-of- country travel policy and a shift toward more environmentally conscious travel choices. In addition, additional guidance on expenditure categories was provided to employees in 2025 leading to movements between categories.
Hospitality — there was no significant variance in hospitality expenditures compared to fiscal year 2024.
Conference fees — there was no significant variance in travel expenditures compared to fiscal year 2024.
