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”.
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”.
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