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A Commitment to Affordability 

Annual Report 2019

This report highlights CMHC’s work toward achieving its bold aspiration: By 2030, everyone in Canada has a home that they can afford and that meets their needs.

A word from Evan

Read the message from our president and CEO about how we did in 2019 and the importance of housing affordability.

Read the full article

2019 by the numbers

Highlighted results below are as at December 31, 2019

  • 34,400

    new housing units committed under NHS initiatives

  • 60,000

    repaired housing units committed under NHs initiatives

  • $56 million

    committed to help Canadians access homeownership more affordably through the First-Time Home Buyer Incentive

  • 66,000

    housing units committed for construction or repair through the National Housing Co-Investment Fund

  • 15,900

    units housing units committed under the Rental Construction Financing initiative

  • 100,000

    households provided mortgage insurance (more than 14% in rural areas)

  • 127,000

    rental housing units insured

  • 52.2%

    of leadership roles held by women in our diverse and talented workforce

  • 6

    awards presented through the CMHC Housing Research Award Program

Spotlight on the National Housing Strategy

In 2019, we put significant focus on implementing Canada’s first National Housing Strategy (NHS). We celebrated several milestones on this 10-year, $70+ billion journey:

 

March 2019

Expansion of the Rental Construction Financing Initiative

Budget 2019 commits additional $10 billion to encourage the construction of new affordable homes for renters, extending the program until 2027-2028

 

April 2019

Launch of the Community Housing Transformation Centre and Community-Based Tenant Initiative

The Centre and the Community-Based Tenant Initiative provides support and capacity building within the community sector

July 2019

Implementation of the National Housing Strategy Act

Recognition by the Government of Canada that the right to adequate housing is a fundamental human right affirmed in international law

 

July 2019

Launch of the Shared Equity Mortgage Providers Fund

$100 million lending funds to assist in the creation of 1,500 projected new homeownership units

September 2019

Launch of the First-Time Home Buyer Incentive

Nearly 3,000 applications approved representing $56 million in financial commitments to assist Canadians to more easily enter into homeownership.

December 2019

Federal/Provincial/Territorial Housing Agreements

At the end of the year, bilateral agreements signed with all provinces and territories with the exception of Quebec

Our 2019 Annual Report demonstrates our contributions to the stability of housing markets and the financial system while providing support for Canadians in housing need. Discover more about our accomplishments in our full Annual Report.

View the Full Report (PDF)

Related Documents

  • Quarterly Financial Reports
  • 2018 Annual Report (PDF)
  • 2017 Annual Report (PDF)
  • 2016 Annual Report (PDF)
  • 2015 Annual Report (PDF)
  • 2014 Annual Report (PDF)
  • 2013 Annual Report (PDF)
  • 2012 Annual Report (PDF)
  • 2011 Annual Report (PDF)
  • 2010 Annual Report (PDF)

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Date Published: May 5, 2020
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