CMHC Is Quietly Becoming A Rental Housing Powerhouse

[jollyburger]

There is a quiet revolution unfolding at the heart of Canada’s housing system — not on the skyline, but on the balance sheet of its most influential insurer, Canada Mortgage and Housing Corporation (CMHC).

For decades, CMHC had been the invisible hand helping Canadians buy homes. It backed buyers, stabilized lenders, and injected liquidity into the market when confidence wavered. But as revealed in its 2024 annual report, that hand has shifted. Much like our European counterparts, who have seen decades of declining homeownership in favour of institutional rental housing development, CMHC has begun lifting a different pillar of the housing economy: rental development.

https://storeys.com/cmhc-quietly-becoming-rental-powerhouse/