Overview
The Canadian Mortgage and Housing Corporation (CMHC) is a Crown corporation that plays a pivotal role in Canada's housing market. Established in 1946, its mandate is to help Canadians meet their housing needs and to ensure the stability of the mortgage market. CMHC provides mortgage loan insurance, offers housing research and advice, and administers federal housing programs. It's a key player in making homeownership accessible and in addressing housing affordability challenges across the nation, influencing everything from individual mortgages to national housing policy.
Key Facts
- Year
- 1946
- Origin
- Ottawa, Ontario, Canada
- Category
- Government Agency / Financial Services
- Type
- Organization