Annual Report 2020

2020 by the numbers

Highlighted results below are as at December 31, 2020

• 94,000

  housing units purchased across Canada with the help of our homeowner insurance products (more than 16% insured in rural areas)

• 140,000+

  small businesses supported through the Canada Emergency Commercial Rent Assistance program

• $698 million

  financially committed to projects under the Rapid Housing Initiative, supporting the construction of over 3,400 units

• 65,900

  repaired housing units committed under NHS initiatives

• 59,900

  new housing units committed under NHS initiatives

• 173,647

  rental housing units insured

• 47 & 24

  Innovation Labs and Demonstrations Initiatives supported to spur innovation in the housing sector

• 24,900

  housing units committed under the Rental Construction Financing initiative

• 3.5% & 3.3%

  minimum representation of CMHC’s black and indigenous workforce and its leadership by 2025

Spotlight on our operations

In 2020, we demonstrated our ability to adapt with speed and resiliency in response to a global pandemic. At the same time, we were able to continue our daily activities to ensure that by 2030, everyone in Canada has a home that they can afford and that meets their needs.

 

Ready to deliver in a time of crisis

In a year like no other, our Results-Only Work Environment (ROWE) enabled us to deliver programs as quickly as possible when Canadians needed them most. Our efforts to modernize our company led us to be recognized as one of Canada’s Top 100 Employers.

 

Responding quickly to help Canadians in severe housing need

The pandemic highlighted the importance of having a safe place to call home. We worked with our partners to create up to 3,400 new permanent affordable housing units through the Rapid Housing Initiative.

 

Taking steps to dismantle systemic racism within CMHC

We started our own anti-racism journey by committing to a plan of action to support Black and other racialized colleagues within our company.

 

The Housing Data Exchange launches its first application

In 2020, we were able to achieve an important milestone toward our goal to create a Housing Data Exchange. Access to the data and insights will enable us to make great strides toward achieving our 2030 aspiration.