“Canada Mortgage and Housing Corporation (CMHC) is Canada’s national housing agency. Established as a government-owned corporation in 1946 to address Canada’s post-war housing shortage, the agency has grown into a major national institution. CMHC is Canada’s premier provider of mortgage loan insurance, mortgage-backed securities, housing policy and programs, and housing research”.
The Canadian Housing Observer, an annual publication put out by the CMHC, now in its eight year, provides a comprehensive report of Canadian real estate activity which plays an important part in the Canadian economy. The report addresses the impact of housing activity on employment and on Canada’s financial situation. In the most recent report released, it shows that new home construction, rental, buying, selling and renovation for 2009 accounted for more than one-fifth of Canada’s total gross domestic product - which translates to $307 billion!
The report also details factors which affect real estate activity in Canada such as governmental regulations, consumer behaviour and industry practice. It also gives a comprehensive analysis of housing statistics for 2009. To read more about CMHC and The Canadian Housing Observer click here.
Until next time,
Jamie
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment