CMHC's 2023 Annual Report

• surpassing targets by creating or repairing 494,319 units, largely due to the success of initiatives like the Affordable Housing Fund, several large agreements with provinces and municipalities to repair units, and strong uptake of our multi-unit loan insurance product, MLI Select 
• achieving higher-than-planned application volumes for the National Housing Strategy, resulting in 153,708 units being affordable to those in core housing need
• exceeding targets for climate compatibility. Some 39% of units we supported were climate compatible, due primarily to the success of MLI Select

Data Research and Insights

Our Data Research and Insights team conducted extensive research and analysis to tackle the complexities of housing affordability and supply. We focused on understanding the root causes and solutions to these issues, particularly for Indigenous and vulnerable populations. Our research and efforts resulted in:

• highlighting unique barriers in accessing housing, including discrimination and affordability issues for racialized Canadians
• revealing a need for 3.5 million additional homes by 2030, underscoring the scale of Canada's housing shortage
• conducting a longitudinal study on the impacts of National Housing Strategy investments on Canadians and their environment
• developing an approach to link housing surveys and census data to evaluate National Housing Strategy effectiveness in addressing housing needs
• partnering with Indigenous groups to study the transfer of care and control of housing, and finding capital to close the infrastructure gap on-reserve, alongside other urban, rural and Northern housing research to fill data gaps

We also organized research hubs focusing on 7 areas of focus: core housing need, supply gaps, racism and systemic barriers, climate change, policy effectiveness, Indigenous reconciliation and housing finance.

Reconciliation and Indigenous Relations

CMHC's commitment to Indigenous reconciliation is evident in our Reconciliation Action Plan. The plan guides our efforts across 3 pillars: culture and inclusion, talent development, and programs and partnerships. Our results demonstrate tangible progress that involved:

• finishing Indigenous cultural awareness training for more than 94% of employees
• increasing Indigenous procurement activities to 11.6%
• advancing to phase 2 of the Canadian Council for Aboriginal Business’s Progressive Aboriginal Relations program increasing Indigenous representation in our workforce to 3.4%
• developing strategies for talent development, including a successful student intern program
• organizing events in our Equity in Action Speaker Series, and crafting internal tools promoting equity, anti-racism and intersectionality within our work to reinforce our dedication to equitable housing outcomes
• continuing to explore options with First Nations partners on transferring the care and control of funding on for on-reserve housing programs

Anti-racism and Equity

CMHC's commitment to addressing core housing needs and homelessness among marginalized populations yielded significant results in 2023. Our efforts included:

• establishing our first-ever Equity Framework, guiding operations and governance toward advancing equity across CMHC
• sponsoring events facilitating discussions on key challenges and solutions within the Canadian community housing sector
• supporting the creation of the Black Communities Technical Housing Resource Centre and contributed to the BlackNorth Initiative and Habitat for Humanity GTA leading and coordinating research, including reports on equitable housing, landlord decision-making and inequalities in the housing finance system
• organizing events in our Equity in Action Speaker Series, and crafting internal tools promoting equity, anti-racism and intersectionality within our work to reinforce our dedication to equitable housing outcomes