“Housing has become part of a broader social problem, and we are going to do something about it in Canada.” — Evan Siddall, President and CEO of CMHC
We’ve always been a leader in sharing housing market information and insights. However, increasing complexity across the housing continuum and in society means we need to think differently about housing and data. This is especially important as we work toward our goal of ensuring that, by 2030, everyone in Canada has a home they can afford and that meets their needs.
We’re building partnerships and leveraging our leadership position to gather housing-related data while developing new tools to analyze housing conditions. Together, these are improving our ability to support the housing needs of everyone in Canada.
In 2018, we launched or expanded a number surveys. We also introduced a new reporting framework for issuers participating in our National Housing Act Mortgage-Backed Securities (NHA MBS) program. The data we’re gathering is allowing us to create a more complete picture of the housing finance industry. It’s also allowing us to better understand the impacts of recent policy measures on mortgage markets.
Around two thirds of Canadian households own their homes. But our responsibilities include taking care of those who don’t and those who feel left behind. To complement traditional research, we completed analyses of housing conditions for vulnerable people, like seniors, Indigenous households, people with disabilities and visible minorities.
We’ve developed data and indicators to understand progress toward improved housing outcomes. We’ve also helped create social and affordable housing data-sharing agreements between provincial and territorial partners and Statistics Canada.
Through these activities, we’ve expanded our ability to measure core housing need and established new measures for social inclusion and housing hardship. As a result, we’re better prepared to ensure our policies and programs support the housing needs of everyone in Canada.