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submitted 1 week ago* (last edited 6 days ago) by [email protected] to c/[email protected]

Under Mark Carney's Liberal government, the CMHC has quietly redefined 'housing affordability' to no longer mean 30% of income, but "perhaps 40-45% ... [and] over 50% of income by 2035".

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[-] [email protected] 48 points 1 week ago

CMHC is not run by the Prime Minister or the cabinet. It is a Crown Corporation governed by a Board of Directors. Mr. Carney has not "redefined affordable housing". https://www.cmhc-schl.gc.ca/about-us/management-and-governance/board-of-directors-and-its-committees

[-] [email protected] 1 points 6 days ago

OK, and who appoints the Board? And who sets government policy and tables a budget that determines what the CMHC can realistically do?

This is absolutely the responsibility of the federal government, even if they don't author these reports.

[-] [email protected] 22 points 1 week ago* (last edited 1 week ago)

Canadians should mail letters, ring them up, fax them if they can, to let them know that any reasonable person would consider this goal post shifting a complete abdication of their responsibilities.

National Office Canada Mortgage and Housing Corporation 700 Montreal Road Ottawa, Ontario K1A 0P7

Reception/Main number: 613-748-2000 Fax: 613-748-2098

this post was submitted on 12 Jul 2025
159 points (94.4% liked)

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