Home Ownership by Country
Canada Mortgage and Housing Corporation (CMHC)
What is ‘Canada Mortgage and Housing Corporation – CMHC’
An organization sponsored by the Canadian government that provides mortgage loans to home buyers. Started as a crown corporation, the Canada Mortgage and Housing Corporation offered housing to soldiers returning from WWII. Over time the CMHC evolved to also include the planning and development of housing projects in urban areas, as well as research into real estate trends.
Explaining ‘Canada Mortgage and Housing Corporation – CMHC’
While smaller than its United States counterpart, the CMHC is a valuable asset to both residential homeowners and cities. Canadian cities are able to borrow from the organization at low interest rates for the development of housing projects.
Further Reading
- The political economy of mortgage securitization and the neoliberalization of housing policy in Canada – journals.sagepub.com [PDF]
- C anada's Housing Bubble Story: Mortgage Securitization, the State, and the Global Financial Crisis – onlinelibrary.wiley.com [PDF]
- How the Canadian housing finance system performed through the credit crisis: Lessons for other markets – jsf.pm-research.com [PDF]
- Housing finance in Canada: Looking back to move forward – journals.sagepub.com [PDF]
- Monetary policy in a period of financial chaos: The political economy of the Bank of Canada in extraordinary times – www.elgaronline.com [PDF]
