CMHC (Canada Mortgage and Housing Corporation)

The Canada Mortgage and Housing Corporation (CMHC) is a government agency that plays a key role in Canada's housing market. It provides mortgage insurance to lenders, which helps Canadians buy homes even if they have a smaller down payment. CMHC also conducts research on housing trends and offers programs to promote affordable housing. By supporting home ownership and improving access to housing, CMHC aims to ensure Canadians have safe, affordable places to live. Its work helps stabilize the housing market and fosters community development across the country.