The future of affordable housing depends in part on innovation. CMHC has set an audacious strategic goal that by 2030, everyone in Canada will have a home that they can afford and that meets their needs.
To achieve this, we're looking at innovative ways to reimagine the housing finance ecosystem. We believe that using blockchain technology will help streamline the mortgage and securitization processes in Canada.
We've started the work towards a digital transformation that will unlock value for our clients, everyday Canadians, the financial institutions which serve them, and other industry participants. This transformation has the potential to radically improve the end-to-end experience of finding a home with a more stable, secure, and efficient market.
Some of the broader advantages to using blockchain in the housing sector include:
- Improved data quality and transparency for loans and securities
- Increased speed in the issuance of loans and securities
- Reduced cost as a result of process efficiencies
- Removal of barriers and friction in the transactional process
- Decreased financial risks and fraud possibilities
We want to work with you!
We are currently looking to engage a group of financial institutions and industry partners to establish a peer network to leverage this emerging technology. Our goal is to build a blockchain platform that can address the ecosystem’s inefficiencies while benefitting all parties involved.
As we look to realize the first live version of this Mortgage Backed Securities use case, this group will help bring this product to market as we work together to provide input into design, data standards, & governance for a strategic head start.
Interested in taking part? Contact us at:
Why get involved now
Leadership and influence: Lead participant role with greater leadership and influence on future phases, including a larger role in governance in a scaled ecosystem.
Strategic head start: Head start in planning for a broader transformation, with additional improvements to efficiency and sustainability (e.g. strategy, new services, data opportunities).
Risk mitigation: Early contribution to designing the consortium operating model and influence in changing integration or other requirements that may present risk for your organization.
License to IP: Potential for license to intellectual property developed during this process and subsequent use case creation, including documentation and artifacts.
Marketing opportunities: Opportunities for joint marketing & press releases upon a successful completion of the use case.