Derek Ballantyne was appointed chair of CMHC’s board of directors in April 2018.
Mr. Ballantyne brings extensive experience in the development and management of housing. He also has experience in the development of financial models for housing development and operations and innovative approaches to attract new sources of capital to housing.
With more than 20 years of experience in the management of large and mid-size housing organizations, he brings broad knowledge of the complex public and private environments and a comprehensive knowledge of housing, real estate management and development sectors. He also brings deep knowledge of the non-profit, charitable, social entrepreneurship, cooperative and foundation sectors at the local, provincial and federal levels.
Mr. Ballantyne was chief operating officer of Build Toronto, where he assisted in the establishment of the corporation, development of the first business plan and execution of several large transactions and development initiatives. He also served as chief executive officer of Toronto Community Housing, a large rental housing provider, with over $6 billion in real estate assets in Toronto. He led organizational and financial restructuring of the company and the recapitalization and redevelopment of a significant portion of the portfolio (including the Regent Park community) as well as the commercialization of non-core functions. He is currently CEO for Encasa Financial Inc., a multi-fund provider and a partner in New Market Funds, an innovative platform that develops and manages impact investment products.