CMHC Statement – Government of Canada's Actions to Maintain a Healthy, Competitive and Stable Housing Market
The Minister of Finance announced three measures designed to reinforce the Canadian housing finance system, to help protect the long term-financial security of borrowers and all Canadians and to improve tax fairness for Canadian homeowners.
Canada Mortgage and Housing Corporation (CMHC) supports the Government of Canada's actions to promote the long-term strength, stability and resiliency of Canada's housing markets and financial systems.
"We look forward to hearing lenders' and commentators' views on the how best to balance the distribution of risk in the housing finance system," said Evan Siddall, President and CEO. "Operationalizing lender risk sharing will require industry participants to embrace this objective and provide constructive and meaningful input to the process."