The federal government reiterated its commitment to ensuring the stability of the housing market and financial system and ensuring mortgages are available to creditworthy Canadians at a reasonable cost, at Canada’s national real estate association’s conference.
The Honourable Candice Bergen, Minister of State (Social Development) addressed the 2014 Canadian Real Estate Association (CREA) Political Action Committee (PAC) Days Conference, highlighting the Government's measures to ensure the accessibility and sustainability of housing, including social housing for those most in need.
The Minister pointed out that since 2006, the government has invested more than $16.5 billion in housing, including more than $2 billion in stimulus funding under Canada's Economic Action Plan and that these investments have benefitted tens of thousands of households across Canada - promoting new home building, home renovation and job creation.
As Canada's national housing agency, CMHC provides a broad range of objective housing research and market analysis information to Canadian governments, consumers and the housing industry to help them make informed housing decisions.
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